The digitisation of trade finance is delivering significant benefits to corporates, banks, carriers and other trade counterparties.
In addition to reducing the time, cost and risk of trading internationally, digitisation provides connected parties with greater visibility and transparency of the whole end to end process.
Bolero is leading the way in driving the digitisation of global trade finance and the perfect partner with the knowledge, experience and track record.
Established in 1998 by SWIFT and the global logistics and insurance industry, Bolero has built a strong reputation and a market leadership position. Bolero delivers secure, end-to-end, cloud-based services across the entire global supply chain, that digitise trade processes and transactions, providing greater visibility, transparency and control making it safer, smarter and faster to trade.
Our Digital Solutions
Our powerful suite of SaaS services include:
Letters of Credit Management
A simple, fast and efficient way to manage letters of credit and electronic presentations providing greater visibility of credit line exposure, cost efficiencies and minimised risk. To find out more: http://www.bolero.net/home/letters-credit-management/
Bank Guarantee Management
Centrally manage guarantees and bonds from multiple financial institutions with full control and visibility reducing the risk of potential fraud, errors and cost of credit and administration. To find out more: http://www.bolero.net/home/guarantee-management/
Digitally present documents to banks or trusted third parties in support of the transfer of goods and the settlement of trade. This helps to accelerate transaction completion, goods release and payment as well as facilitating easier access to finance. To find out more:
Solutions that enable financial institutions to offer buyers and sellers the ability to digitise and automate their accounts payable and receivable processes. This gives them the flexibility to manage customers and suppliers more efficiently and offer beneficial trading terms. To find out more: http://www.bolero.net/home/supply-chain/
Electronic Bills of Lading (eBL)
Recognised and accepted across the world, Bolero’s eBL application gives carriers the ability to create, send, amend and manage bills of lading digitally with greater accuracy, integrity and speed. To find out more: http://www.bolero.net/home/electronic-bills-lading/
Putting Trade Digitisation into practice
Making the transition to digitisation may seem like a daunting prospect but it is not a one off ‘big bang’ event. It is in fact a journey that can involve changes in technology, business processes and a cultural mindset. Bolero has the knowledge, experience and proven track record of supporting companies along that journey. Go to http://www.bolero.net/insights/ and find out how just some of the many organisations are putting trade digitisation into practice.