Suuchi Inc, parent of Suuchi GRID the modern standard for supply chain operations and Fintech company Bankamoda, the alternative bank focused on flexible financial solutions today jointly announced a partnership to provide supplier financing to the GRID’s vendors and suppliers in Latin America. The GRID has three core products, a PLM, ERP, and a Global Sourcing Network (GSN), with strong collaboration, project management and procurement functionality across the core products. GRID customers use the PLM and ERP to manage their supply chain and collaborate with their vendors. With the Global Sourcing Network (GSN) customers are also able to plug into a vetted network of suppliers in Latin America. With this partnership, both GRID GSN vendors as well as GRID customers’ other vendors that are in Latin America can avail of Bankamoda financing through the GRID front end. GRID’s user interface will integrate with Bankamoda’s engine in the backend, providing GRID customers and vendors the benefit of the GRID’s intuitive interface to compare and evaluate costs of financing for different payment terms and choose the best option. This partnership comes at a time where demand for Latin American production has been exponentially growing. GRID customers will be able to leverage Bankamoda’s unmatched understanding of the Latin American market and move even larger volumes nearshore by availing Bankamoda’s payment terms. With GRID’s user interface managing the workflow and transactions on the front end, GRID customers and vendors will continue to have a seamless end to end view of their entire supply chain, including now financing terms and the associated data.
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The Suuchi GRID is the modern standard for supply chain operations built for apparel, cosmetics, footwear, manufacturing, and over twenty other consumer product industries. The GRID combines the best of PLM and ERP, with robust collaboration, project management and procurement layers across the length of the platform. The GRID’s Global Sourcing Network (GSN) is a critical third core product under the platform. The GSN is the perfect match for mid-tier and enterprise companies for whom it is a strategic long-term imperative to establish and grow footprint in the Americas. The GRID is a single-source-of-truth for brands and manufacturers to create, track, collaborate, and report across both upstream and downstream supply chain operations. Whether the GRID acts as a standalone tool or seamlessly integrates with current tech stacks, the platform provides an end-to-end view of the supply chain, including updates and analytics, across product development, sourcing, production, quality, and logistics.