Standard Chartered's Web-Solution Unites Singapore's Traders
Standard Chartered has gone live with its B2BeX system in Singapore, offering a web-based trade facilitation platform that, according to the organization, changes the way companies conduct trade. The solution helps businesses manage their supply chain activity by putting importers and exporters on the same platform, a move which should make them both more competitive and efficient. Companies using the platform have experienced between 25 per cent to 50 per cent efficiency gains in their paperwork and administration, according to the bank. The platform also makes available an extensive range of supply chain activities, trade-related services and access to over 20 leading service providers from the shipping, insurance, catalogue and other trade-related lines of business.