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 solutions, and enable TridentGLOBAL generated export trade documents to be easily incorporated in a Bolero ePresentation and managed through the Bolero Presentation Dashboard. In this way, the exporter will be able to combine the value associated with the efficient and accurate processing 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, delivery certainty and ensures compliance with UCP 600 and eUCP v1.1.
Carman Rossi, TridentGLOBAL President, said, “We are delighted to be making this important strategic announcement. Bolero is an ideal company to partner with to provide a clearly differentiated, flexible and comprehensive electronic trade documentation solution to exporters and banks worldwide.
“Both companies share a similar vision for providing our customers with solutions that enable them to increase payment turnaround times by reducing the risk of delays caused by errors in trade documentation.”
“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”.
Since 1992, TridentGLOBAL has enabled 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.
Since its inception in 1992, TridentGLOBAL has helped exporters to 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 new and improved ways, TridentGLOBAL professional services consultants and software provide exporters a comprehensive response to the challenges they encounter in managing complex international trade processes.
Spanning every process in the export operation, from orders to payment, TridentGLOBAL intelligent and agile global trade and logistics management software can support any scale of international trade operation and can help an exporter manage consignments in a multi-country, multi-exporter and multi-user environment.
TridentGLOBAL professional services consultants' in-depth global trade and logistics management knowledge and best-of-breed software enables the company to provide enormous benefits to our clients around the world. TridentGLOBAL clients include blue-chip multi-national companies from a wide range of industries.
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.