TORONTO– (BUSINESS WIRE) – GlobalTrade Corporation (GTC) heeft vandaag aangekondigd dat PORR AG (PORR), een van de grootste bouwbedrijven in Oostenrijk, zijn @GlobalTrade ™ Multi-bank Trade Finance Platform heeft geselecteerd voor het beheer van zijn bankgaranties en borgstelling obligaties. PORR-medewerkers zullen het platform gebruiken om vanaf elke plek ter wereld online toegang te krijgen tot transacties en PORR Treasury elektronisch te verbinden met zijn financiële instellingen.

PORR beheert uitgaande transacties met @GlobalTrade ™ Garantie Uitgiftesysteem http://www.globaltradecorp.com/solutions/standby-lc-guarantee-issuance/ en inkomende transacties met @GlobalTrade ™ Garantie Ontvangstsysteem http://www.globaltradecorp. com/solutions/ standby-lc-garantie-ontvangst/.

‘De beslissing om een ​​elektronisch platform voor het beheer van garanties in te voeren, is genomen vóór de pandemie van Covid-19’, zegt Alfred Gabler, hoofd van Group Treasury PORR AG. ‘Met de nieuwe realiteit en de noodzaak om toegang te krijgen tot realtime informatie van buiten het kantoor en om zoveel mogelijk financiële processen te digitaliseren, zijn die platforms een must-have geworden voor elk bedrijf,’ voegde Gabler toe.

PORR AG Selects @GlobalTrade™ for Digitization of Bank Guarantees & Surety Bonds

TORONTO–(BUSINESS WIRE)– GlobalTrade Corporation (GTC) has announced today that PORR AG (PORR), one of the largest construction companies in Austria, has selected its @GlobalTrade™ Multi-bank Trade Finance Platform for managing its bank guarantees and surety bonds. PORR employees will use the Platform to access transactions on-line from any place in the world and electronically connect PORR Treasury with its financial institutions.

PORR will manage outgoing transactions with @GlobalTrade™ Guarantee Issuance System http://www.globaltradecorp.com/solutions/standby-lc-guarantee-issuance/ and incoming transactions with @GlobalTrade™ Guarantee Receipt System http://www.globaltradecorp.com/solutions/standby-lc-guarantee-receipt/.

‘The decision to adopt an electronic platform for the management of guarantees has been made before the Covid-19 pandemic,’ said Alfred Gabler, Head of Group Treasury PORR AG. ‘With the new reality and the need to access real time information from outside the office as well as to digitize as many financial processes as possible, those platforms have become a must have for every company,’ added Gabler.

‘With the need to work from home, our clients have told us how much they appreciate the ability to access their trade finance transactions remotely. Being able to create, approve and send new transactions to their financial institutions electronically is a great advantage’, said Stephen Andersen, GTC’s Vice President Professional Services & Client Support. ‘We are honored that PORR has trusted GTC to start the project under the Covid-19 restrictions. GTC has been implementing projects remotely for many years, which allows us to serve our clients efficiently even during these challenging times,’ added Andersen.

About PORR

Driving innovation for excellence – that’s what PORR stands for since already over 150 years. With around 20,000 employees and a production output of around EUR 5.6 billion (as at 31.12.2019), it is one of the largest construction companies in Austria and among Europe’s leading providers in the sector. As a full-service provider, PORR offers every service in building construction, civil engineering and infrastructure construction, covering the entire value chain. PORR focuses on its home markets Austria, Germany, Switzerland, Poland, Czech Republic, Slovakia and Romania. On selected international project markets such as in Norway, the UAE and Qatar, PORR focuses on export products in tunnel construction, railway construction and civil engineering. The PORR share is listed in the prime market of Vienna Stock Exchange. Find more information at porr-group.com.

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