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Showing posts from October, 2022

Which Tasks Are Suited For Outsource Trade Services?

  Outsourcing can be the answer for a lot of businesses. Likewise, Outsource Trade Services is no different. By outsourcing some of the high-touch transactional work that is a big part of modern trade operations, global trade executives can shift their attention to the big picture, where they can add more value to the company.  Outsourcing essential trade finance software solutions also give in-house trade and customs teams a chance to work more satisfactorily. It gives them more challenging, varied, and intellectually rewarding work and more chances to be seen as valuable strategic partners across the trading businesses.  In fact, across all industries, there is a growing trend to separate trade operations from trade governance, which means separating the day-to-day management of activities from oversight and strategy in terms of who does what and what they are responsible for.  When this is done right, it not only creates a system of checks and balances in the trade compliance funct

Busting the Myths of Outsourced Trade Service

  Over the past few years, trading firms and asset managers of all forms and sizes have begun using Outsourced Trade Service, which was once a specialized service. However, some still view outsourcing as something only recession-era businesses do or as something only smaller asset managers and trading businesses should consider. However, as with other outsourcing developments, that prejudice has been disproven over time. In their pursuit of more alpha, asset managers who have adopted the term 'Outsourced Trade Service' have found efficiency, flexibility, and transparency to be the norm.  Myth: Money savings are the only concern.  Reality: While it's true that an Outsourced Trade Service can result in significant cost savings, the additional scale, business resilience, expertise, and value-added services that come with outsourced trading are just as important.  Asset managers can set themselves up for future growth by outsourcing a non-core function, which will help them pr