The Innovators 2015 - Transactions Services, is Global Finance's annual listing of key innovations in treasury and transaction services.
essDOCS for CargoDocs BPO+
Category of Innovation: Product
CargoDocs BPO+ is an out-of-the-box bank payment obligation solution for both corporates and banks, using an online application with data sourced from original electronic documents such as electronic bills of lading and commercial invoices.
It is integrated with SWIFT and the ICC’s ‘Bank Payment Obligation’ (BPO) utility and automates and digitizes information flow at all points touching the transaction (at the corporate and bank ends).