Manage Guarantees with Great Control and Visibility
Bolero solutions enable organisations to 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.
Guarantees can be stored, amended and claimed electronically with up-to-date information on their status, when they expire, the value and the entities involved. Organisations can be set up as beneficiaries, applicants or both. The entire process is faster, more secure and reliable, reducing the considerable costs of storage and management.