Customers of both companies can now transact electronic Bills of Lading (eBLs) through single interface on BSM Global solution
London, May 2016: Bolero, the world-leader in trade finance instruments, electronic presentation and contract settlement, has entered into partnership with BSM Global, the Australia-based consulting and solutions company assisting importers and exporters to optimise trade execution processes.
The collaboration between BSM and Bolero evolved after Cargill Australia, a large agribusiness and BSM customer, adopted the Bolero ePresentation platform for electronic trade documents.
The new partnership means customers using both companies can now use a secure, single interface on the BSM Global solution to prepare and send documents in support of electronic bills of lading (eBLs), slashing time and costs.
A gateway between the Bolero platform and the BSM solution allows customers to complete the documentation required in support of eBLs on the BSM solution before finalising the eBL transaction using the Bolero technology. This eradicates the need for downloading and transferring of documentation between the two solutions.
BSM, which has customers around the globe and wide experience of facilitating transactions involving Australian agricultural commodities, is now certified as a Bolero partner, marking the success of the integration between the two solutions.
“We are very excited about obtaining Bolero integration accreditation and achieving this very significant partnership,” said BSM’s Managing Director, Robert Flemming. “We believe that the association with Bolero will add value to many existing customers. The alignment of BSM solutions to incorporate Bolero functionality was a logical addition to the suite of solutions that BSM provides to large commodity trading organisations.”
The new partnership with BSM follows Bolero’s successful integrations with companies such as SureComp and Globalshare, and is another indication of Bolero’s flexibility in meeting end-user requirements around the world.
“We are delighted to have embarked on this win-win partnership with BSM Global, making operations easier and reducing costs for customers using our eBLs,” said Ross Wilkinson, Regional Director for Bolero, Asia Pacific.
“The pressures within international trade mean end-users need to obtain easy access to complete solutions and by adding a tool to the highly-regarded BSM solution we are saving customers time and cost. Bolero is renowned for its flexibility and through the integration of our market-leading platform with BSM’s portal, we are delivering very significant added value to customers without any disruption.”
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About BSM (www.buysellmove.com)
BSM Global Pty Ltd, is an Australian based company that specialises in the optimisation of trade execution business process – communication, compliance and document management.
BSM today provides solutions across various specialised areas of international trade including Agriculture, Beer /Wine / Spirits, Meat, Dairy, Recycling and Retail.
Whilst initially focusing in Australasia BSM now provide solutions to companies in Europe and the America’s.
About Bolero (www.bolero.net)
Bolero is a global leader in the electronic settlement of contracts between buyers and sellers. From initial purchase order to final payment including supporting trade financing and the documentary control of goods, Bolero helps organisations to improve cash-flow and working capital whilst increasing efficiency, control and visibility as well as mitigating risk and fraud.
Bolero has led the way in driving the digitisation of global trade transactions, bringing the industry’s first electronic Bill of Lading solution to market. Today we power more than 6 million trade documents and $80bn worth of global trade transactions per annum connecting buyers, sellers, financiers, credit underwriters and payment providers & networks.