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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