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Showing posts from March, 2022

Trade Finance Software- Technology for Trade Businesses

If you are an avid user of the Internet, you might be aware of the rate at which technology has evolved. It is becoming more and more dynamic with every passing day, which necessitates the need for companies to stay updated with technology irrespective of the industry or domain they belong to.  With how technology is being integrated with platforms in organizations, client expectations have also reached an all-time high, where convenience supersedes the brand message too in many cases.  For companies involved in trade, technology has come to the fore with trade finance software solutions, that take care of all finance-related aspects that happen within the organization's workflow in a transaction.  Shipping constitutes a huge part of the international trade scenario, and this is where many exporters have started looking at trade finance software to take care of the financial scheme of things and also keep the financial supply chain operating at the right levels of efficiency.  Ho

Improved Trade Document Software Security Against Cyber Attacks

You might be providing your products or services in any industry like healthcare, insurance, retail, government, and more. Irrespective of that, if you are required to protect information on legal and moral terms, then the chances of cybercrime are high.  Compromising the security measures by thinking that you have limited operations at the moment can be a huge mistake. Attacks on IT infrastructure with dedicated ransomware as a service model(RaaS) have been on the rise for quite some time. This can lead to loss of data, not just of your organization, but client data too, which can derail your whole business.  Even with good trade document software , it’s important to be vigilant about cyber threats and attacks on the whole. With how everything has taken the digital route, businesses everywhere have become data-driven, from a single-phase setup to the entire supply chain for that matter. With increasing value, the threats to cybersecurity increase too.  Types of Cybersecurity Threats B

Elements of Compliance in a Trade Service

As far as international trade is concerned, it’s important to understand that there every nation has different laws governing the right kind of trade. This is where trade compliance comes to the fore.  What does trade compliance mean? Trade compliance refers to trade operations governed under the various trade regulations encompassing trade activities like import and export of services, technologies, or products for that matter.  Trade laws will include different import, export, and financial laws.  Be it an organization delivering or providing any kind of trade service , being compliant is a regulatory requirement that is supposed to be fulfilled. For a long time, it was thought that compliance was only important for industries with heightened levels of security, like aerospace, telecommunications, defense, energy, or financial institutions. But now it is something more.  The governments of different countries have also ensured that compliance is strictly adhered to, as non-compliance