Solutions
Secro helps organizations and individuals to solve complex challenges in a collaborative, cost-efficient way. The flexibility and user-friendliness of our technology allows quick adoption and scalability across multiple industries and use cases
Streamline operations
We offer you an environment where collaboration is seamless. Where bills of lading and supporting documentation can be exchanged, in an instant, with anyone, anywhere. Our aim is support you in optimising efficiency and minimize the potential for errors, with cutting-edge IT infrastructure ensuring maximum data security and strict confidentiality.
Go to featuresreduce risk and prevent fraud
Secro helps you to build trust in your business and increase credibility. By presenting a Secro document, you are able to demonstrate that your organisation has moved beyond fraud-prone processes and is applying a state-of-the-art approach that meets the highest standards in cyber security.
Go to featuresoptimize cash flow
Time is money. An e-BL reduces the weeks traditionally taken to finalise a paper bill of lading to a matter of days – if not minutes. Additionally, with the opportunity to claim cargo ownership in an instant, resale becomes faster and smoother. From both buying and selling perspectives, the result is the optimization of cashflow.
Go to featuresTrade finance controls
Secro enables control, ensuring the timely release of the original bill of lading and discharge of the cargo. This makes letters of indemnity unnecessary and reduces financial and operational risk.
Go to features
Solutions for banks and financial institutions
Operational efficiency and reduce cost
In today’s fast-paced world of complex international trade, the bill of lading travels between multiple stakeholders. This is a time-consuming process that cause costs, delays and financial risks, as well as opportunities for fraudulent activity. The potential for operational inefficiency is a fact.
On the other hand, digitalization of a bill of lading offers banks and financial institutions rapid control over documents and improved security & performance.
“So far, paper-based documentation constitutes the backbone of traditional trade finance instruments ... Preparation, processing and verification of paper-based documentation across the trade (finance) chain remains highly cost-ineffective and time-consuming.”
“Trade finance for SMEs in the digital era,” The Organization for Economic Cooperation and Development.
Financial risk mitigated
Financial institutions are frequently requested to countersign a letter of indemnity (LOI) or to issue a financial guarantee for the buyer to take possession of the cargo without the original bill of lading.
Secro e-BL allows banks to receive and authenticate the original bill of lading in a matter minutes. Following this, they can endorse the e-BL and transfer it immediately to the buyer or buyer’s bank.
Enabled trade finance opportunities
The Secro e-BL enables automation, process scalability and data-driven credit decision making. Trade finance assets can be made available to a wider market in a secure manner.
“The International Chamber of Commerce (ICC) estimates that digitalization would add $9 trillion to the G7 trade by 2026—a piece of good news for corporates and their banking partners.”
“Corporate Banks Prepare to Embrace Digital Trade Documentation,” Tushar Chitra, Oracle Financial Services