HypoVereinsbank joins bolero net
Growing bolero.net community in Germany serves tens of thousands of businesses
bolero.net today announced that HypoVereinsbank, Germany’s second largest bank, had signed up to bolero.net. HypoVereinsbank joins a range of other leading German companies in their field, including Commerzbank and Deutsche Bank, that are able to pass the benefits of being bolero.net connected’ on to tens of thousands of customers worldwide.
At the same time, bolero.net announced that it has opened a regional headquarters in Frankfurt to serve the German business community.
Created by the world’s banking and logistics communities, bolero.net allows anyone engaged in cross-border trade to exchange business data and documents securely over the Internet, in a legally ‘certain’ environment.
The result is cost-efficiencies that can often be measured in many millions of dollars.
HypoVereinsbank is the largest real estate financier in Europe and Germany’s second largest bank, serving more than four million customers.
The company focuses its activities on four core competencies: mortgage banking, asset management, structured finance and selected financial market products.
According to HypoVereinsbank Project Manager, Eveline Berger, "bolero.net makes the whole process of administering the way companies buy and sell across borders much more efficient. We were particularly impressed with trials that demonstrated the benefits that bolero.net was able to pass on to companies in the commodities sector an area in which we have a very large customer base."
bolero.net’s German headquarters opened for business on 8 December with the aim of serving existing customers, as well as expanding bolero.net’s reach in Germany.
According to bolero.net commercial director, Peter Scott, "We are now seeing an increasing number of major players in world trade that are based in Germany, such as HypoVereinsbank, signing up to bolero.net. These organisations are leading the way in recognising that global b2b e-commerce needs a standard, robust, internationally accepted and industry strength solution."
Over the past six months, bolero.net has also been actively signing up a number of companies to its partner programme. Current bolero.net partners in Germany include DOS and Nordwest International. These partner organisations are developing bolero.net enabled software, products, and consulting services which they will be able to sell into a global market.
For further information
Dirk Singer, Tel +44(0)207 360 6061 / email@example.com
Eveline Berger, Tel +49 89 378-25673 / Eveline.Berger@Hypovereinsbank.de
bolero.net is a neutral, cross-market initiative created by the world's logistics and financial industries. It provides a common, open system by which businesses can exchange trade data and documentation via the Internet. bolero.net acts as a neutral third party to ensure secure delivery and receipt of the information and provides a unique legal structure that binds together all users. Uniquely bolero.net allows the legal transfer of ownership of goods to take place online.
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