The judging panel were impressed by the technological advances that essDOCS have made with financial institutions in terms of game changing trade finance and enabling truly paperless trade through products such as e-Bills of Lading.

CargoDocs is a web-based digital trade platform enabling supply chain participants to manage processes from Procure-to-Pay. It acts as both a multi-bank and multi-corporate platform, allowing data to flow through the key steps in global trade.

Misys financial software product helps ease the process of structured debt and trade finance for lenders and corporate banks. In particular, we commended the wealth of rich information and finance white papers on supply chain finance.

The FusionBanking Trade Innovation platform automates trade finance to drive margin improvement, transform client service and support innovation in supply chain finance. At its core, operational scalability, workflow flexibility and transparency support a broad range of products, critical for banks looking to grow revenues.

Nadeem Syed, Misys

“The trade services business is ideally positioned to take advantage of digitisation. Banks are turning to technology solutions which automate processes and give them a full view of the organisation. This award reflects the strength of our trade finance solution and our mission to transform the global financial services industry by making clients more resilient, more efficient and more competitive.”

lear Books plc develops clear & simple ​cloud accounting and payroll software for small businesses in the UK. Clear Books supports over 10,000 small businesses and entrepreneurs, catering for all industries with a turn over of up to £10 million. Unlike competitors, Clear Books supports special functionality for the construction industry scheme.

Tim Fourace, CEO of Clear Books

“We’re really proud to be awarded the Product Award for Excellence by TFG. It’s a demanding and fast paced industry, but we have a vision and a clear strategy is paving the way for our continued success. I’m really proud that we are being recognised for that.”

TXF provides a wealth of informative content provided in the trade and supply chain finance space, and have registered tremendous growth in the space over the last few years.

TXF: Trade and Export Finance is a leading provider of news, training, events and data products. Founded in 2013, their sole aim is to provide a world-class experience to the corporates, traders, financiers and deal-makers that encompass the trade, commodity, export, project and supply chain finance communities.

TXF has the most experienced team in the business with a proven track record in the delivery of trade and export finance news, high-quality events, market-leading training courses and online product innovation. They act with agility, adapt quickly to the industry, and most importantly lead from the front.

Jonathan Bell, Editor-in-Chief and Director at TXF

“TXF is delighted to have won the ‘Best Trade Finance Journal’ category in the 2016 TFG Product Awards for Excellence,” says Jonathan Bell, director and editor-in-chief at London-based TXF.

Given companies such as DueDil are essential and fundamental for credit provision, the judging panel felt that DueDil were at the forefront of providing accurate information on growing companies.

In times of uncertainty, businesses rely on DueDil to help them make data-informed decisions, making sure they are prospecting the right companies – and avoiding the wrong ones.

DueDil is an online tool that combines comprehensive sources of company information to uncover business opportunities and understand risks. Unlike traditional information suppliers, DueDil provides a unified platform for teams across a business to contextualise and navigate the relationships between sets of data.

As a result, over 175,000 businesses use DueDil to find information about the companies they deal with and the people who run them.

Damian Kimmelman, CEO of DueDil

“I’m delighted that DueDil’s expertise has been recognised with this award. When we started DueDil, the goal was to help any company use business information to avoid risks and find opportunities, and the due diligence element of our product has played a huge part in helping us achieve that. In times of uncertainty, businesses need to know who they are dealing with, and that is how DueDil helps – by giving companies clarity through accurate, timely data, helping them make better decisions.”

The Asian Development Bank were chosen as the winner for the: “Best Data and Research Product” Category for the Trade Finance Gap Survey that they conducted towards the end of last year.

ADB’s Trade Finance Gaps, Growth and Jobs Study is the first effort ever to quantify global market gaps for trade finance and their impact on growth and jobs.

Steven Beck, Head of Trade Finance at ADB

“Understanding what market gaps exist and what their impact on growth and jobs is, and monitoring these trends, is critical to understanding what the public and private sector need to do to narrow gaps that impede growth and job creation”, said Steven Beck, head of trade finance at ADB. He continued by saying, “it’s been a good start and even though we see improvement year on year, we need to make the gap study more robust. We’re in the process of partnering with other institutions, like the WTO, who have complementary expertise that will help us make the product even more useful.”

Thomson Reuters ONESOURCE Global Trade is a comprehensive global trade management solution that offers trade compliance information and trade facilitation tools, allowing global trade professionals to act with confidence and efficiency in compliance. Built with world-class technology and backed by leading industry experts, ONESOURCE Global Trade integrates with existing Enterprise Resource Planning (ERP) systems and has different modules: Import, Export, Special Programs, Free Trade Agreements (FTAs), Restricted Party Screening (RPS), Classifier and Trade Finance. Altogether, they simplify the entire global trade management process by automating routine tasks and opening up the opportunity for professionals to focus on value-added activities and organizations to achieve a new level of accuracy, compliance and efficiency that saves time and costs.

Taneli Ruda, Managing Director, Global Trade Management, Thomson Reuters

“We are honored to have been recognized for our innovation and commitment to bring the most complete trade management solution to our customers. We are proud to deliver a truly global solution that supports confidence, efficiency and adds visibility across the entire global trade and supply chain management process.”