KSB achieved near-paperless trade finance operations
Discover how KSB, a global leader in pump and valve manufacturing, achieved near-paperless trade finance operations, improved efficiency, and secured better financing through Mitigram.
- 100% Digital RFQ Process – Eliminated paper-based LC requests, enabling a seamless and remote-friendly workflow.
- 90% Quote Acceptance Rate – Improved financial accessibility and secured competitive trade finance offers.
- Enhanced Agility – Enabled faster, more efficient trade finance operations with automation and digital connectivity.
Digital innovation and efficiency in Trade Finance operations
KSB SE & Co. KGaA, a global leader in pumps and valves, renowned for excellence and innovation, was driven by a shared vision of digital transformation and efficiency in trade finance.
KSB’s digital transformation journey, powered by its partnership with Mitigram, serves as an inspiring example for other businesses in the trade finance industry.
Transitioning to digital workflows
To achieve its goals, KSB collaborated with Mitigram to transition from traditional paper processes to streamlined digital workflows.
Beyond operational efficiencies, KSB was given access to Mitigram’s Marketplace which provides businesses with easy access to competitive pricing from banks and financiers. In 2023, Mitigram’s leading Marketplace provided its users access to $32bn in financing.
KSB was also onboarded onto Mitigram’s Request for Quotation (RFQ) platform to allow KSB to efficiently send its Export Letter of Credit RFQs to their full network of bank contacts…
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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.
