GlobalTrade Corporation (GTC) has announced that Emirates Trading Agency LLC & Associated Constructions LLC (ETA ASCON GROUP) have successfully implemented @GlobalTrade Import LC, Export LC, Guarantee Issuance, Guarantee Receipt, Import Collection and Export Collection systems connecting its Treasury, Business Units and Banks. @GlobalTrade systems will be used to process the above transactions with major banks in Dubai. ETA ASCON GROUP is the first company in United Arab Emirates to adopt @GlobalTrade multi-bank platform using the latest web based technology.
ETA ASCON GROUP is one of the most forward thinking companies in the Middle East, says Jacob Katsman, GTCs CEO. ETA ASCON GROUP staff is very knowledgeable about trade finance matters and knew exactly what customization was needed to adopt our systems to local requirements especially in the areas of banking facility management, billing, reporting and fee calculations.
“GTC has customized its software to meet our 6 approval levels and to manage accounting of credit facilities in accordance with banking practices in the Middle East, says Kalimullah, ETA ASCON GROUP’s General Manager, Corporate Accounts. We are now in the process of a global roll out to our business units and banks. The GTC team did their best to deliver software that fits our needs and we feel that other companies in the region will benefit from GTC’s innovative trade finance technology.”
D.C.