Vinmar engages Traydstream to boost trade digitalisation and automation

Traydstream is proud to announce its partnership with Vinmar International, a global marketing and distribution company for petrochemical products.

“Using Traydstream’s AI based solution for pre-checks will boost our operational efficiency by reducing the time and cost associated with our trade document checking processes,” noted Sajan Dhanuka, Director of Operations at Vinmar.

“We have identified a clear need to automate the intensive, repetitive elements of rule-based document checking process, with an objective to reduce days sales outstanding (DSO), and time-to-market in our future business strategy. We are working with Traydstream solution as a long-term partner to help us further optimise our working capital.”

Adam Kasraoui, Traydstream Sales and Origination Lead for Corporates, “Traydstream has spent 5 years developing and co-creating best in class technology tools utilising OCR and machine learning technology to automate document checking for LCs, Collections, and Open Account transactions.

We will continue our core efforts to deliver specific, actionable, smart solutions that challenge how traditional trade finance document checking processes are carried out today. Our value proposition enables exporters to transact faster with confidence, drive down operational cost and mitigate risk across physical and financial supply chains.”

Recent Posts

3 Trade Finance basics you should know in 2023

3 Trade Finance basics you should know in 2023

The World of FinTechs – An Introduction: We’ll cover the basics quickly, to bring you up to speed. Fintech is an abbreviation of financial technology and is the encompassing term for a growing industry that uses technology to provide financial services. Fintechs are...

Traydstream is proud to have achieved SOC2 certification

Traydstream is proud to have achieved SOC2 certification

Traydsteam is thrilled to announce that we are officially SOC2 attested. This certification provides assurance to our users that our security controls are robust. Clients can rest assured that sensitive data is protected and that we are able to proactively identify...

It’s no secret that sustainability is on everyone’s mind

It’s no secret that sustainability is on everyone’s mind

One thing that humankind is coming to terms with is the necessity for rapid change to protect our planet. If you look for it, each day there is more news and data from bottom to top (firsthand accounts to governmental publications) highlighting human impact on the...

Bounce-back for Trade Finance, ICC Trade Register

Bounce-back for Trade Finance, ICC Trade Register

  Recently, the International Chamber of Commerce (ICC) released its Trade Register, a report they produced with Boston Consulting Group. This trade register provides an overview of various aspects of trade finance – from credit risk profiles, to supply chain...