TradeEvolution - Global Trade Transformation Consultants

Services

Trade banking has become a dynamic business as the industry responds to internal mandates for cost-reduction; and external pressures from customers who are struggling to adapt to the evolving global trade environment. From industry consolidation of operations ( in/outsourcing), to trade banking/customer supply chain integration, major currents of change are at work. TradeEvolution’s trade banking services are designed to augment the bank's capabilities to insure success when planning, designing, and executing transformational changes.

While we have the expertise to work across any Global Trade initiative, the following are core service offerings that TradeEvolution provides:

4 Supply Chain Advisory Services

4 Insourcing Advisory Services

4 Outsourcing Advisory Services

4 Strategic Business and Technology Assessments

4 Technology Evaluation and Integration Services

4 Market Research Services

Supply Chain Advisory Services

TradeEvolution provides a variety of services to Banks providing, or wishing to provide, strategic Financial Supply Chain services to their customers. Specific TradeEvolution services are full life-cycle and include initial supply chain training for the bank, conduct joint activities to understand the needs of the bank's customers, analyze customer needs and proposes service offerings to meet them, validate the proposed services with customers, evaluate and select service delivery options (technology solutions), assist with the bank's internal business case preparation, and eventually implement the services and assist with the rollout and training to customers.

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Insourcing Advisory Services

For banks considering insourcing as a business line, TradeEvolution offers an insourcing readiness assessment. The readiness assessment focuses on whether the bank's existing technology and operations environment are ready to take on insourcing as a core business function.

For banks with existing insourcing businesses, TradeEvolution services include relationship management advisory for its community of insourced banks, project management and integration services for integration of new banks, efficiency and effectiveness assessment of insourced operations, service level agreement metrics analysis and tracking, and application software and infrastructure technology customization and integration.

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Outsourcing Advisory Services

Increasingly, outsourcing is the solution for many banks. But, outsourcing takes many forms, and is offered by many providers. With so many options, how does one objectively evaluate the available offerings in light of the bank's and the bank's customer’s needs? Is full Business Process Outsourcing (BPO) the right solution or is technology outsourcing (ASP) a viable alternative? Who are the key providers to consider? How can you put the claims and promises from the competing providers in perspective? How might the various options impact the bank's business and its customers? How can the bank outsource operations and still keep a tight control on customer relationships? What is the best way to integrate technology platforms? TradeEvolution’s Outsourcing Advisory Service was designed to address these questions.

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Strategic Business and Technology Assessments

Starting with the bank’s trade strategy, the bank's trade products/serivices, operations, and technology are assessed for adherence to the strategy, or ability to achieve the strategic objectives. In such unsettling times, when the trade industry is being reshaped by cost control and global forces, navigating through shifting currents is difficult. It is nearly impossible without accurate and objective knowledge of the bank's current state and current ability to achieve the course that has been charted. The assessment provides a clear gap analysis between the bank's strategic objectives and current execution.

Products/Services – What in the product mix is missing, or needs to be updated, to meet the needs of your customers and prospects? What options are available on the market to quickly address the gaps?
Operations - Does the bank's current operations deliver processing with the quality, timeliness, and cost effectiveness that the business requires? If there are product gaps, how will operations be impacted by the new products? Where do your operations stand against industry benchmarks for cost and effectiveness?
Technology – Does the current technology provide the infrastructure and functionality needed to accomplish the bank's strategic goals? Does it provide the ability to configure operations as you need? How will new product offerings impact your current technology? What are the bank's options?

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Technology Evaluation and Integration Services

The technology underlying today’s Trade Banking is complex by necessity to support a complex business. Going forward, the trend is towards even greater integration with customer front ends, back-office systems, imaging and workflow, customers, 3rd party service providers, and outsourcers/insourcers. Often the specialized knowledge and skills to perform these integration projects is not readily available in-house. TradeEvolution can augment your staff, or take full charge of integration projects, to insure that the bank achieves its underlying business objectives.

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Market Research Services

Market research is a critical but often overlooked component to any long-term strategy development. Are you able to readily respond to key questions like how much does it cost to process a letter of credit and how does this cost compare to industry average? Or what services are importers and exporters looking for from a Bank and is the bank equipped to provide these services? TradeEvolution works in conjunction with several research partners that specialize in capturing data and performing surveys and research within the Trade and Global Supply Chain market space. Whether it is in interviewing and research around the bank's specific customers or the bank looking for research on cross bank or cross industry market segments, TradeEvolution can help in providing the necessary research services.

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