Supply chains are only as strong as their weakest link. Thus, data – the kind that helps buyers make sure their suppliers have the parts they need, or the kind that helps payments get to where they need to go, quickly – is paramount. Mastercard and OpenText have joined forces to streamline supply chain financing and activity, improving document flow between companies and unlocking trade credit.
Data:
200,000: Estimated number of suppliers in the automotive vertical.
$3.1 trillion: Amount outstanding owed to suppliers for products and services on any given day.
210 million: Number of companies with digital identities across the business directory of Mastercard Track.
23: Average number of information fields to fill out when paying for things online.
$9 trillion: Payment commerce that makes its way across OpenText platforms.
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