A. General Information
B. Lessons Learned
Reduce the risks and costs of global trade, Greater visibility, transparency and control, Optimise working capital, Safely exchange trade data and documentation
In response to request from the UN to make background information available
Electronic presentation of trade and commercial documents and trade finance
Bolero host a Software as a Service (SaaS) platform supporting ePresentation as well as Multi-Bank Trade Finance, Supply Chain Finance and an integrated electronic Bill of Lading service for Carriers and Logistics organisations
Letter of Credit, Bill of Lading, Invoice, Packing List etc.
New measures for supply chain financing using ICT is beneficial to community but the change of business practice is a challenge. Proprietary technical standard and high entrance cost could be a challenge in introducing a new service.
Improved Cash Management through reduced Days Sales Outstanding (DSOs), Minimised Risk, Increased Operational Efficiency, reduced cost, certainty of Goods Release
SWIFT and Maersk Data contributed to the build of components for the Bolero platform at the outset. All IP is owned by Bolero. There was investment from VCs and other organisations.
Bolero’s strategy is to open up our platform’s core capabilities to wider transactional markets. Our work with the Carriers is evidence of this as is the development of an API based Connection Module to provide more flexible data interchange options.