DHL, a Fortune 500 logistics company, had the ambition to differentiate themselves in a competitive industry and combine their core product offerings with making trade finance solutions available to their clients. They looked for a solution to efficiently extend payment terms for their key clients and optimise working capital at the same time through partnering with banks and credit insurers.
The challenge was to deal with the fragmented financial market offerings, which forced them to work with multiple banks, platform providers because of risk appetite and funding constraints. Other challenges included:
- Need to use multiple different platforms and portals
- Painful, costly integrations
- No fully integrated, automated solutions
- No flexibility in existing solutions