CEFLA achieving 50% time savings and enhanced Trade Finance efficiency
Discover how CEFLA, an Italian industrial powerhouse, transforms trade finance by enhancing efficiency, reducing risks, and optimizing banking relationships with Mitigram.
- Automated and standardized RFQ processes – 50% faster L/C processing with live tracking and unified SWIFT connectivity.
- Expanded global banking network – optimizing confirmation costs, fostering greater transparency and unlocking better proposals.
- Reduced risk and improved data management – reduced manual errors, documented workflows, and real-time compliance checks.
An international multi-business company with a long and rich history.
Founded in Imola, Italy, in 1932, CEFLA is an international multi-business company with a long and rich history. Originally established as a cooperative specializing in electrical and thermohydraulic systems, CEFLA has since evolved into a diversified industrial group operating through three main Business Units: Engineering, Finishing, and Medical Equipment.
With approximately 1,860 employees worldwide and a strong presence across Europe, the United States, the Middle East, India, and China, CEFLA has built a solid global footprint that allows it to capitalize on the increasing demands of international trade.
Overcoming Trade Finance hurdles with Mitigram’s solution
Before implementing Mitigram, CEFLA’s approach to managing Standby and Export Letters of Credit (L/C) was through a manual system, which was time-consuming and prone to errors:
- Trade operations team members individually emailed each banking partner
- Responses were tracked separately across numerous email threads
- Follow-ups on offers required constant manual attention
- Confirmation costs were calculated using Excel spreadsheets
- Limited visibility over ongoing transactions hindered swift decision-making
This labor-intensive system not only consumed valuable time but also introduced unnecessary risks through human error and inconsistent processes……..
Get the full study here
See the Results for Yourself! Sign up to read the full case study
We respect your privacy. Your information is securely stored and processed in compliance with GDPR. By signing up, you agree to receive emails about our business, insights, and trade finance solutions. You can unsubscribe anytime.
How industry leaders gain the edge with Mitigram
Discover how industry leaders leverage Mitigram to optimize trade finance, reduce costs, and accelerate decision-making, turning inefficiencies into intelligence.
Export Letters of Credit
Cefla cut time spent by 50%, boosting operational efficiency
By cutting repetitive tasks and communication gaps, work that took hours now takes minutes.
LC price confirmation
Brückner achieved seven-figure savings, cutting costs by 30-40%
With Mitigram, the entire LC price confirmation process was handled digitally, efficiently and transparently.
Export Letters of Credit
Vale’s overhaul drives approx 34% drop in Trade Finance lead time
Mitigram becomes a game-changing solution to enhance efficiency and optimize costs.
Guarantee processing
Brückner Group, UniCredit and Mitigram breaking barriers in trade finance
With EBICS integration, the process of applying for guarantees to the banks became 67% faster.
Export Letters of Credit
KSB achieved near-paperless Trade Finance operations
Nearly all of KSB’s Export Letter of Credit RFQs are now paper-free, enabling remote, agile work.
