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ModusLink® Launches Financial Management Services to Streamline Global E-Commerce
Worldwide payment platform accepts 350+ alternative payment methods to reach e-commerce markets in more than 160 countries, simplifying and expediting global e-commerce expansion
WALTHAM, Mass. — December 4, 2017 — ModusLink Corporation, a wholly owned subsidiary of Steel Connect Inc. (NASDAQ: MLNK), a leading global provider of digital and physical supply chain solutions, today unveiled its Financial Management Services offering. This solution provides brands with a secure way to expand e-commerce into new markets by removing many of the complexities associated with global expansion. ModusLink’s Financial Management Services offering ensures secure transactions, regulatory compliance and fraud protection. The solution provides brands with proven technology and business processes to expand e-commerce and unlock opportunities for global expansion.
“Given myriad complexities associated with expanding into new global markets, it can take companies three to five years to enter a new market. With ModusLink, time to market can be a mere three to six months,” said Michel da Silva, General Manager of eBusiness at ModusLink. “Our Financial Management Services offering is a critical piece of ModusLink’s end-to-end e-commerce solution, as this offering manages the burden of complying with dozens of local regulations per region, alleviating time-consuming and costly compliance tasks for brands eager to expand.”
ModusLink’s enterprise-class Financial Management Services offering includes:
- Secure tax and compliance management: Benefits include automated tax calculations and management of VAT, indirect tax models, import/export taxing and reporting.
- Fraud protection: Offers more than 120 risk checks, including tokenization for recurring payments, to strongly protect against fraud and chargebacks.
- Corporate finance services: Management of general ledger, accounts receivable and purchase order management, credit and collections, e-invoicing, revenue recognition support and comprehensive statutory reporting.
- Integration with ERP: SAP-based infrastructure allows for seamless integration into corporate ERP strategy.
The launch of ModusLink’s Financial Management Services is part of the company’s series of announcements surrounding enhancements to its eBusiness group as the company develops an end-to-end digital supply chain offering to complement its expertise in the physical supply chain. ModusLink’s suite of digital supply chain functionalities brings together entitlement management and financial management services, online shops, warehousing and fulfillment, and customer engagement centers.
More information about ModusLink’s Financial Management Services offering is available at www.moduslink.com/solutions/financial-management/. To learn more about the challenges and opportunities for brands in the digital commerce era, download ModusLink’s whitepaper: Improving Your Company’s Bottom Line by Outsourcing E-Commerce and Merchant of Record: The Key to Safely Processing Global Payments.
About Steel Connect
Steel Connect, Inc. (NASDAQ: MLNK) is a leading global provider of digital and physical supply chain solutions. The Company helps its clients drive growth, lower costs and improve profitability, while simultaneously enhancing the customer experience. With operations supported by 21 sites across North America, Europe, and the Asia-Pacific region, ModusLink partners with the world’s leading brands across a diverse range of industries, including consumer electronics, telecommunications, computing and storage, software and content, consumer packaged goods, medical devices, retail and luxury, connected devices, and wearables among others. Our solutions and services are designed to help global brands and companies expand their share, across geographies and channels, while continuously improving their end-to-end supply chains. For further details on ModusLink’s solutions visit www.moduslink.com, read the Company’s blog for supply chain professionals, and follow us on LinkedIn, Twitter, Facebook and YouTube.
This release contains forward-looking statements, which address a variety of subjects including, for example, statements regarding supply chain solutions. All statements other than statements of historical fact are forward-looking statements. The following important factors and uncertainties, among others, could cause actual results to differ materially from those described in these forward-looking statements: ModusLink’s success, including its ability to reach its revenue, sales and profitability goals depends on its ability to execute on its business strategy as well as the continued and increased demand for and market acceptance of its services; global economic conditions, especially in the technology sector are uncertain and subject to volatility; demand for ModusLink’s clients’ products may decline or may not achieve the levels anticipated by ModusLink’s clients; and increased competition and technological changes in the markets in which ModusLink competes. For a detailed discussion of cautionary statements that may affect ModusLink’s future results of operations and financial results, please refer to ModusLink’s filings with the Securities and Exchange Commission, including ModusLink’s most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Forward-looking statements represent management’s current expectations and are inherently uncertain. ModusLink does not undertake any obligation to update forward-looking statements made by the company.
ModusLink and Steel Connect are trademarks of ModusLink Corporation. All other company names and product names may be trademarks of their respective owners.