Hamburg, Germany, May 22, 2019 – Surecomp®, the leading global fintech of trade finance solutions for banks and corporates, announced today a ‘go-live’ and multi-year deal with Boskalis for COR-TF®, a multi-bank trade finance system for corporates. Boskalis will be using COR-TF to automate their internal and external trade finance processes, improve productivity, and better risk management.
Founded in the early 1900s and headquartered in Papendrecht, Netherlands, Boskalis is a maritime dredging and offshore contractor. Boskalis is a multi-billion-dollar business that is traded on the Euronext stock exchange, they have over ten thousand employees, operate in more than 90 countries in six continents, and with over nine hundred vessels. Having a centralized database for all bank guarantees through COR-TF, they anticipate seeing an increase in productivity and process efficiency.
Boskalis will be joining a growing list of corporate conglomerates who use Surecomp’s COR-TF for their corporate trade finance needs. Designed for companies of significant size and with employees in numerous locations around the world, COR-TF offers an intuitive on-boarding process so that users can hit the ground running.
“It’s clear that COR-TF is a sophisticated solution, developed as a bespoke Trade Finance management platform”, said David Hersisia, Bank Guarantee Manager at Boskalis. “The system reduces paperwork, enhances efficiency, and being cloud-based, enables access from multiple locations. Other important benefits include automated alerts on upcoming expiration dates and the reporting functionality for total exposure and total incoming guarantees. “
“Surecomp is pleased to be working with Boskalis; the very nature of their business is that of a global enterprise, thus making them a great fit for COR-TF,” said Udayan Kelkar, Surecomp’s Global Head of Sales and Marketing. “Since its introduction, COR-TF has been the premier corporate trade finance software on the market, it is no surprise that Boskalis and a host of other multinationals, continue to choose Surecomp to carry them through the digital banking revolution.”
Royal Boskalis Westminster N.V. is a leading global dredging and offshore contractor and maritime services provider. They offer a unique combination of experts, vessels, and activities. With origins in the Netherlands, they have been operating for over 100 years. Today Boskalis creates new horizons for their stakeholders in the ports, offshore energy, maritime and inland infrastructure markets.