TridentGLOBAL and Bolero sign Agreement to cooperate in ePresentation solutions
Friday, December 23, 2011
November 2011, London, Wayville SA, Australia and Alexandria VA, USA. Bolero International Limited, a leading provider of multi-bank trade finance solutions and electronic presentation services, and TridentGLOBAL Pty Ltd, a leading global trade and logistics management solution provider, have announced the signing of an agreement to cooperate in the development and marketing of a broad integrated export documentation solution for global exporting organizations.
Under this agreement, the two companies will work together on a global basis to provide a seamless integrated solution incorporating the full range of TridentGLOBAL international trade solutions, and allowing TridentGLOBAL generated export trade documents to be easily incorporated in a Bolero ePresentation, managed through the Bolero Presentation Dashboard. In this way, the Exporter will be able to combine the value associated with the efficient creation and management of trade documentation, with the ability to present these documents electronically as a formal presentation to all of its banks. The use of Bolero as the ePresentation channel provides legal certainty, document originality, delivering certainty and ensures compliance with UCP 600 and eUCP v1.1.
“Together with a number of large Exporters and a growing number of leading banks, Bolero has been leading the charge in the delivery of a proven electronic presentation solution providing the opportunity to fully remove paper documents from the presentation process, reduce time to cash and reduce risk of delays or loss of documentation,” says Arthur Vonchek, CEO of Bolero. “By working closely with TridentGLOBAL, we will be able to more fully integrate this service with the creation and provision of electronic trade documents, further eliminating discrepancies, inefficiencies and associated costs”.
“We first worked together with Bolero on some specific opportunities in Australia,” says Carman Rossi, President of TridentGLOBAL “it was very quickly clear that we were both bringing innovation and value to complementary aspects of the export trade document process. By working together on a more formal basis and committing to the delivery of seamless integration between the two technologies, we will be able to delivery unique and extended value to our customers on a global basis”.
TridentGLOBAL enables exporters to automate, integrate and streamline their global trade and logistics processes by uniting their people, processes and technologies in new and improved ways to achieve their goals. Unrivalled in its depth of functionality and integration capabilities, TridentGLOBAL intelligent and agile global trade and logistics management software spans every process in an operation, from order stage to payment, and can help exporters manage consignments in a multi-user, multi-exporter and multi-country environment.
Bolero provides comprehensive Multi-Bank Trade Finance applications delivered as web-based SaaS (software as a service) solutions enabling speedy adoption, minimal infrastructure costs and flexible use. Underlying these applications is the unique Bolero electronic multi-banking channel solution which ensures security, legal certainty, non-repudiation and document originality. All Bolero services are deployed for effortless multi-bank use for corporate customers, while at the same time providing a single multi-corporate electronic channel for each bank. Bolero prevents both communities from needing to support multiple bank and/or corporate specific processes, interfaces and data formats, clearly driving simplification and standardisation.
Founded in 1998, with significant backing from the bank community and from the global logistics industry, Bolero was created as a neutral, trusted third party to develop an open and legally certain platform to deliver paperless trading between buyers, sellers, financial institutions and logistics service providers anywhere in the world, delivering transaction visibility, predictability, speed, accuracy and security.
Today Bolero brings Corporates, Commodity Traders and their Banks together to share the benefits of collaborative Trade Finance, providing an open, neutral and secure multi-party channel designed specifically for the fully electronic communication of trade and trade finance documents and related messages. In addition Bolero delivers powerful collaborative Trade Finance solutions delivered as a global hosted service reducing the cost of deployment and substantially reducing the time to benefit.
Corporates, Commodity Traders and their partner Banks are rapidly deploying Bolero solutions delivering significant reductions in cost and working capital, increased visibility and improvements in operating efficiency. For more information, please visit www.bolero.net
Since inception in 1992, TridentGLOBAL has helped exporters design and implement business process improvements that significantly increase international trade profits and productivity, while reducing costs and risk.
By enabling exporters to automate, integrate and streamline their global trade and logistics management processes, and by uniting their people, processes and technologies in ways they may have not considered, TridentGLOBAL global trade and logistics software and professional services provide exporters a comprehensive response to the challenges they encounter in managing complex international trade processes.
Learn more about us at www.tridentglobal.com.au
For more information, please contact:
Bite Communications – for Bolero
Tel: + 44 (0) 20 8741 1123