Gresham Offers Global Supply Chain Financing Solution with the World's Largest Supply Chain Portal

15 September 2008

Gresham Computing plc and Quadrem International Limited today announced a global partnership to offer banks a suite of white-labeled solutions for procurement, payment and working capital finance. It will be offered by Gresham as part of the Clareti product suite.

Gresham is a specialist in real-time financial services and is a leader in supply chain financing technology. Quadrem, the world's largest global supply chain portal, delivers on-demand supply chain services and solutions to improve sourcing, procurement, electronic invoicing and supplier relationship management. Banks and their customers will benefit from the delivery of one seamlessly integrated solution while drawing on the expertise of Gresham in supply chain financing and Quadrem in procurement and supply network solutions. Banks will be able to boost supplier participation in supply chain programs with potential access to Quadrem's on-line community of over 60,000 suppliers.

Andrew Walton Green, CEO of Gresham said, "With a combined staff of over 500 people in 25 offices around the world, the Gresham-Quadrem team is well positioned to support the complex global needs of banks and their customers."

Chris Haydon, Senior Vice President, Global Marketing and Solutions, Quadrem, said, "We believe Gresham's depth and expertise in financial solutions and services, and coupled with our own in procurement and supplier management, will enable banks to provide their customers a new dimension of visibility and control of their supply chain."

The solution is available in multiple languages and multiple currencies to take into account the unique procurement and financing rules of each region of the world.

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