Toronto, Canada, January 4, 2022 – GlobalTrade Corporation, a premier provider of trade finance solutions for corporates, has announced that Alfa Laval, the leading global supplier of products in the areas of heat transfer, separation, and fluid handling, went live with @GlobalTradeTM Platform for management of their Bank Guarantees, Standbys, and Sureties.
Alfa Laval selected @GlobalTradeTM for its advanced transaction management, integration, and bank connectivity capabilities. Alfa Laval’s treasury will rely on @GlobalTradeTM for harmonized processing of guarantees, centralized monitoring of its worldwide credit facilities, among other things, and will allow Alfa Laval to digitize communications with all its financial institutions.
“Given the global scope and diverse nature of industries we service, Alfa Laval was looking for a partner with a proven track record of implementing trade finance solutions in a wide range of industries and geographies. We are happy that more than 20 years of GlobalTrade’s know-how allowed us to achieve all our objectives and complete the project on time and within budget,” said Camilla Gunnarsson, Head of Trade Finance, Alfa Laval
“We are excited that Alfa Laval selected GlobalTradeTM solution for the management of its trade finance operations. We pride ourselves on our trade finance expertise coupled with our technological acumen and we are glad to help Alfa Laval improve efficiency, reduce costs, and control the risks associated with financial guarantees through our @GlobalTradeTM platform,” said Stephen Andersen, SVP of Professional Services and Client Support, GlobalTrade Corporation.
About GlobalTrade Corporation:
GlobalTrade Corporation (GTC) pioneered multi-bank trade finance solutions for corporates. The company continues to lead the industry with developing ecosystems aimed at digitizing all stages of a trade finance transaction and connecting all transaction parties. The latest version of the company’s cloud solution includes features for establishing and managing relationships with banks and insurance companies, pricing of trade finance instruments, their issuance, and advice, post-issuance events, managing electronic documentation, and risk participation. Recognizing that trade finance is tightly connected to other areas inside and outside a corporate organization, GTC supports multiple interfaces and formats for sharing information with other internal corporate systems, such as ERP, financial reporting, cash management and payments, user management, as well as external platforms for connecting with banks and logistics providers. Taking the knowledge and expertise that GTC acquired from over 20 years of servicing MNCs, it created a streamlined version of its platform for SMEs that delivers major benefits of the enterprise version at a reduced cost and implementation effort.