ATLANTA–(BUSINESS WIRE)–BigCart, a FinTech company offering a broad portfolio of innovative, secure B2B electronic payment solutions, today announced a strategic partnership with OpenText (NASDAQ: OTEX), (TSX: OTEX), a leader in information management, on a global integrated supply chain information platform for small to medium-sized businesses and mid-market suppliers.
BigCart’s payment solutions will now be offered to the OpenText Business Network, giving more than 1.1 million merchant partners the opportunity to accelerate cash flow and reduce finance costs for suppliers. This offer is a completely new option for those companies that operate under BigCart’s system, and provides payment flexibility, while paying suppliers in a fraction of the time.
“By working with BigCart, the first of our financing partners, OpenText certainly offers our entire merchant partner community the ability to find alternative financing options through customized solutions, saving them both time and money,” said Ted Harrison, EVP Global Sales at OpenText. “Building on OpenText customers’ existing applications, this new offering can help our partners ensure the financial health of their supply chain and strengthen their relationships with suppliers, something we are working to offer even more to the midmarket in the future.”
Unlike traditional supply chain financing solutions, BigCart’s unique financing solution targets small and medium-sized enterprises (SMEs), minority-owned enterprises (MBEs) and mid-market suppliers and requires no buyer guarantee. These new secure B2B electronic payment solutions analyze existing data through the OpenText Active Access Portal, a secure, collaborative portal for users across the business ecosystem, create relevant offers to support suppliers and deploy automatically with little involvement from either buyers or suppliers. These offers give all suppliers access to accelerated cash flow at low costs.
“Our goal for every client is to make money easily accessible,” said Rodney Schansman, CEO of BigCart. “Because OpenText already does so much to help their network of customers organize, integrate and protect their data, our payment solution was an easy addition. The OpenText Active Access portal is a natural fit for us, and we expect any OpenText enterprise client that sign up using BigCart, will see an immediate impact on their bottom line.”
About BigCart
BigCart is a FinTech company that offers a broad portfolio of innovative, secure B2B electronic payment solutions. Founded in 2021, BigCart’s goal was to simplify the outdated methods of traditional supply chain finance that no longer fit today’s business needs. By leveraging vast amounts of data, BigCart’s customized payment solutions help buyers and suppliers streamline financing and access the most competitive financing options available.
