GlobalTrade Corporation (GTC), which provides a range of letter of credit (L/C) and other trade finance services, has forged an alliance with cloud-based treasury and financial management solutions provider, Kyriba.

The alliance aims to bring the firms' offerings together to better manage high volume cash and trade operations.

Anticipated benefits

The resulting solution claims to increase visibility and improve straight through processing for payment instruments used in international trade.

It also aims to optimise cash forecasting, payments management and supply chain finance for corporate treasury and financial managers.

Labour saving

These features will integrate with GTC's existing systems to track and manage L/Cs, bank guarantees and documentary collections.

The alliance also features Kyriba's solutions for the automation of labour intensive processes to protect against regulatory and fraud risk.

This article represents the views of the author and not necessarily those of the ICC or any of the other partners in DC-PRO.