Q2 2015 marked our Ten Year Anniversary, as we reinforced our commitment to our core mission of enabling paperless trade amid major breakthroughs and customer success stories. A key milestone in trade finance & cross-border payments was achieved with the world's first BPO plus eDocs (BPO+) transaction, paving the way for further uptake of the cutting-edge solution and receiving major attention in both the trade and mainstream media - garnering accolades for innovation in the process. Other notable breakthroughs included the successful deployment of DocPrep 2.0 (following a competitive tender win for BHP Billiton's global DocPrep solution earlier in Q2), Zeeland Refinery going live with eBRs and moving a step closer to becoming the world's first 100% Paperless Refinery, the signing of an operational agreement to expand eDocs use by Vale and many more. In Industry news, the growing digitisation of trade was a dominant theme amid recent success stories, though concerns over paper fraud continued to reinforce the need for secure, digitised trade & finance processes.

Industry News & Views

Time for the banking industry to get behind the BPO: Commerzbank's Angela Koll presents a strong case for banks to adopt Bank Payment Obligation (source: Treasury Insider). + READ MORE
 

London court rules on Citi v Mercuria Quingdao Fraud Case: The impact of paper fraud in warehouse financing continues to be felt across the world's trading community (source: Global Trade Review). + READ MORE

Commodities Trade Finance goes Electronic after Centuries of Paper: CNBC covers recent developments in the digital trade finance space, including the first ever CargoDocs BPO+ transaction. + READ MORE

Is the tide turning for the Bank Payment Obligation?: essDOCS Head of Trade Finance, Ashley Skaanild, weighs in on the rise and rise of Bank Payment Obligation (source: Treasury Today). + READ MORE

The Logistics of Committing Fraud on an Industrial Scale: Another alarming case of shipping document fabrication on an industrial scale in China (source: South China Morning Post). + READ MORE

The World is moving to Paperless Trade: essDOCS CEO, Alexander Goulandris, talks to The Maritime CEO about the industry's continuing shift to global paperless trade. + READ MORE
 

UN releases Trade Facilitation & Paperless Trade Implementation Survey: UN ESCAP report shows significant progress in paperless uptake but ample room for improvement. + READ MORE
 

The most innovative Technology Firms in Transaction Services today: Featuring essDOCS in recognition of Product Innovation for CargoDocs BPO+ (source Global Finance). + READ MORE
 

Trade is going Digital, finally: Standard Chartered’s Michael Vrontamitis on the wide-reaching impact of trade digitisation for companies & consumers alike (source: Standard Chartered ‘Beyond Borders’). + READ MORE

How to use eDocs in Paperless Trade (VIDEO): Our very own Alexander Goulandris talks paperless trade, BPO & key drivers of trade digitisation with CTMfile.com's Jack Large. + READ MORE

A New Digital Era for Trade: JP Morgan heralds New Digital Era for Trade, calling on the financial supply chain to make the essential shift towards digital processes (source: JP Morgan.com). + READ MORE

Treasurers prefer Electronic-based Trade: Research sourced from almost 1000 Asia-based treasurers & CFOs reveals significant preference for eDocs & paperless trade (source: Corporate Treasurer). + READ MORE

Cloud Computing Gains Traction in Cargo Shipping Industry: The Wall Street Journal weighs in on the increasing adoption of cloud-based technology in shipping. + READ MORE

essDOCS Company News

essDOCS wins Global Finance Innovators 2015 Transaction Services Award: Selected for its contribution to Product Innovation with recently-launched CargoDocs BPO+ solution. + READ MORE

essDOCS wins tender for Global BPH Billiton DocPrep Solution: Beating competition from global software & technology majors to develop & deliver harmonized document preparation solution. + READ MORE

Ten Years Propelling Paperless Trade: essDOCS celebrates its Ten Year Anniversary amid major milestones & breakthroughs, renewing its commitment to the company's core mission of enabling Paperless Trade. + READ MORE

essDOCS enables world’s first Bank Payment Obligation plus eDocs (BPO+) transaction: Major milestone for global trade finance & cross-border payments achieved with 4-corner BPO+ transaction involving BHP Billiton, Westpac, Cargill & ANZ. + READ MORE

essDOCS launches CargoDocs Insurance Booster: Enabling customers to significantly extend their current free insurance coverage per electronic Bill of Lading for a low flat annual fee. + READ MORE

essDOCS Users Association holds first China DDG Metals & Minerals Workshop: Attended by approx. 100 delegates from the 3 major miners, 28 steel mills & trading houses and 12 banks. + READ MORE

Vale signs operational agreement with essDOCS: To expand use of CargoDocs electronic Bills of Lading for iron ore trade, including financed shipments under eUCP Letters of Credit. + READ MORE

essDOCS releases DocPrep 2.0: Featuring major improvements in functionality, accessibility and ease of use. + READ MORE

CargoDocs News

Zeeland Refinery goes live with CargoDocs electronic Barge Receipts: Fueling its rapid journey to becoming the world’s first 100% paperless refinery. + READ MORE

Credit Suisse embraces CargoDocs for Trade Finance: In order to support corporate customers’ use of eUCP Presentation & eDocumentary Collection. + READ MORE

Bank of Communications signs on to CargoDocs for Trade Finance: Becoming the 5th China-based banking group to sign on to the solution. + READ MORE

Coal trade embraces CargoDocs: First use of CargoDocs eB/Ls in coal trade for a shipment ex-Australia to South Korea. + READ MORE

Rio Tinto goes live with CargoDocs: Becoming the 3rd mining major to adopt CargoDocs electronic Bills of Lading for iron ore trade. + READ MORE

essDOCS publishes first in series of CargoDocs Case Studies: Covering real-word impact & benefits of paperless trade for Terminals & Refineries. + READ MORE

CargoDocs in the Press: CargoDocs for Trade Finance featured in prominent mainstream media outlets including Reuters, CNBC & Yahoo Finance. + READ MORE

Trinidad & Tobago embraces CargoDocs: First ever use of CargoDocs eB/Ls ex-Trinidad involving a crude oil shipment to Baton Rouge, USA. + READ MORE

essDOCS in Numbers