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APEC e-Commerce Business Alliance Forum. The e-Commerce Journey to Paperless Trade. Arthur Vonchek Chief Executive Officer. Yantai, China 16 th June 2004. The Vision.

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APEC e-Commerce Business Alliance Forum

The e-Commerce Journey to Paperless Trade

Arthur VonchekChief Executive Officer

Yantai, China 16th June 2004


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The Vision

  • Bolero was created as a neutral, trusted third party to develop a comprehensive set of standards that would remove the barriers to global, cross-enterprise business.

  • Bolero implements and enforces these standards in an open e-Commerce platform to enable paperless trading between buyers, sellers, logistics, banks, agencies and customs anywhere in the world.

  • Bolero provides e-Commerce applications that allow companies to fundamentally re-engineer the way that business is done and take advantage of electronic trading.


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Carrier

Exporter

FreightForwarder

VAN

Internet

EDI

FAX

Importer

Agencies

Courier

Proprietary

Mail

Customs

Bank

Insurer


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B/Ls;Manifests

B/Ls;ShippingAdvice

Quotes;ShippingInstructions

PODeclaration

CO’s;Licenses

CustomsDeclaration

InsuranceDocuments

LCDocuments

Carrier

FreightForwarder

Exporter

Bolero

Importer

Agencies

Customs

Bank

Insurer


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Barriers to e-Commerce adoption for Trade

  • Level of Community Adoption

  • Conflicting Standards between participants

  • Appetite or ability to introduce business process change



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Value RoadMap

  • Acceleration and Automation value available across the Supply Chain

  • Optimisation value comes with some level of re-engineering of the Process and replacement of current Trade Finance tools

  • Transformation value associated with broad expansion, counter-party participation and process re-engineering

Acceleration

Automation

Optimisation

Expansion

Transformation


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Bolero e-Commerce Solutions

  • Accelerate and Automate existing Business and Document processes, and …

  • Optimize and Build on new Automated business processes with existing and/or new documents, data elements

  • Bolero e-Trade Platform

    • Secure Messaging

    • Title Registry

    • Trusted Third Party

    • Rule Book

  • Bolero Applications:

    • Bolero Open Account Suite

    • Bolero Credit Suite


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Industry Infrastructures/Platforms

  • Bolero is an Open Platform which is positioned to inter-operate with evolving Industry Infrastructures and Platforms:

    • e-Customs Platforms

    • Shipper/Carrier e-Commerce Platforms

    • Trade Community Platforms (particularly PAA)

    • Evolving Bank Trade Infrastructure

  • Bolero provides:

    • Inter-connectivity and standardisation of trade document messaging between (and optionally within) hubs

    • Value added services


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Bolero Market Strategy

Trade Service Utility

Buyer

Trade Service Provider

Seller


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Order

Reconciliation

Documentary

Credit

Collaboration

Documentary

Credit

Advising

Order

Collaboration

Order

Collaboration

Document

Management

Document

Management

Compliance

Checking

Payment

Management

Payment

Management

Credit

Management

Finance

Management

Bolero’s Value Added Solutions

Bolero Open Account Suite

Bolero Credit Suite


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Improve Purchase Order to Inventory to Cash

Supply Chain Security

Reduction in Supply Chain Costs and Working Capital

Finance Supply Chain at Lower Cost

Benefits


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Summary

  • E-Commerce solutions for International Trade

  • Dematerialise trade documents through a step-by-step approach

  • Industry supported e-Commerce platform

  • Merge the Physical and Financial Supply Chains

  • Foundation for the entire Journey

  • Blend of Evolutionary and Revolutionary e-Commerce application to Trade

  • Provide Incremental and overall Value

  • E-Commerce journey to Paperless Trade


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Thank You

Arthur VonchekChief Executive Officer


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