Prestigious double accolade for BHP Billiton & Cargill in alliance with essDOCS, Westpac & RBS
BHP Billiton and Cargill, in alliance with essDOCS, Westpac and RBS, have received two prestigious trade finance awards for their use of essDOCS electronic bill of lading and ePresentation solutions on iron ore shipments from Australia to China.
London, United Kingdom, 01 April 2014: The Corporate Treasurer has awarded the BHP Billiton-Cargill transaction “Best Trade Finance Strategy” at the Best Treasury & Finance Strategies in Asia-Pacific Awards 2013, while The Asset magazine has named it the “Best Regional Trade Finance Solution” at the Triple A Treasury, Trade & Risk Management Awards 2014.
As part of the selection process, The Asset considered the views of prominent treasury professionals in the region, including The Asset’s Board of Editors who collectively have several decades’ worth of evaluating industry awards in Asia.
According to Corporate Treasurer editor Daniel Flatt, their winners were judged on the level of innovation relative to the situation at hand, taking into account groundbreaking strategies detailing a level of commitment and ingenuity that genuinely improves the working lives of those involved and the company’s operations.
“We are proud of the progress made and the benefits accrued and we are excited to continue to partner with service providers and all members of the supply chain for the further growth and utilization of such cutting edge technology. It clearly is the future we should all be striving towards,” commented Alan Adamson, a general manager within Cargill Agricultural Supply Chain.
Philip Michell, Head of Trade Sales South Asia Global Transactional Services for Westpac, said:
“As a leading trade partner in Australasia, Westpac was delighted to work with key relationships such as BHP Billiton and Cargill Group to deliver leading edge e-Documentation solutions using essDOCS. With the increasing growth of global trade and the desire to use electronic transmission of trade documents between banks and Exporters/Importers, Westpac is ready to assist our customers to deliver this strategically important new innovation using essDOCS that will provide benefits toall parties involved.”
Deborah Seliski, Director, Global Channels for RBS said:
“RBS is pleased to be able to support its clients in their desire to use electronic trade solutions such as essDOCS to achieve greater speed, certainty and accuracy when processing trade documentation. As a leading provider in trade finance, this award-winning transaction is a testament to our commitment to deliver innovative solutions for our clients. Asia trade flows continue to grow significantly, and electronic trade will bring the industry to the next level. We look forward to further leveraging our expertise and capabilities to help drive the electronic agenda for trade finance.”
The announcement of the Corporate Treasurer winners will be followed by an awards ceremony and panel discussion to be hosted by the trade magazine in Singapore on April 2.
The Asset celebrated at a gala dinner on April 8 2014 in Hong Kong.
essDOCS* propels paperless trade through a wide range of Global Trade Execution (GTE) solutions. Specifically, our solutions automate document processes relating to operations, finance and compliance of physical cargo movements. Our cornerstone product, the industry-leading electronic bill of lading (eB/L), is currently used by over 1,350 customers globally, ranging from half of the Fortune 10 Global companies to innovative SMEs.
Nicholas Demetriou, VP Marketing
T: +30 210 724 5960
M: +357 99408222
*Formerly trading under the name Electronic Shipping Solutions