By Industry State Street's online trade management platform gets a boost By Elaine Leong 16 January 2001 State Street bank's online trade finance processing system taps into larger markets through an alliance with ecVision. The integrated platforms will enable companies that source internationally to initiate a purchase order electronically via ecVision's electronic document platform, use the purchase order data to create an electronic letter of credit on i2eX, and finally to initiate a payment. Ho says that in the three months that i2eX has been running in Asia, there has been much interest in the system, signing up manufacturing giants such as Yue Yuen and Thailand's Pou Chen. The ecVision platform takes EDI messages from large manufacturers and converts them into XML format, a commonly used language over the internet.
Suppliers are then able to receive the messages via an internet connection.
The integrated platform formed by State Street and ecVision is expected to begin operations in the first quarter of this year. Read our Privacy Policy and Terms and Conditions .