ANDRITZ Chooses Komgo's GTK as its Global Trade Finance Solution

ANDRITZ Implements GTK by Komgo for Enhanced Trade Financing

In a significant move towards streamlining its trade financing processes, ANDRITZ, a leader in providing solutions for the pulp and paper, metal, hydropower, and environmental sectors, has adopted Komgo's Global Trade Konnect (GTK) as its global multi-bank trade finance platform. This implementation is designed to accelerate digital transformation and harmonize operations across the company's global network. With GTK, ANDRITZ aims to bring all aspects of trade financing management—such as guarantees, letters of credit, and credit risk insurance—under one digital roof, facilitating a more cohesive communication environment with financial institutions worldwide.

The Digital Shift

The GTK platform has already launched pilot programs involving three companies and aims to integrate approximately 300 users from 40 different countries. This innovative tool will digitize communication with over 30 financing partners, including banks, brokers, and insurers, thereby enhancing the effectiveness of cross-border trade. By consolidating various operations into a single system equipped with structured data and automated processes, GTK promises to make international trade faster, safer, and more transparent than ever before.

Minna Helppi, Senior Vice President of Group Finance at ANDRITZ, emphasized the strategic impact of GTK, stating, "GTK is a further step towards digitalization, process harmonization, and operational excellence. It allows us to operate smarter and remain on the same page globally, ensuring that we create value with modern, efficient tools."

Advantages for ANDRITZ

The introduction of GTK offers multiple enterprise-wide benefits for ANDRITZ. The solution will ensure global consistency in trade financing management, reduce errors through greater automation, enhance data accuracy, and proactively manage risks and deadlines with alerts and reports. By utilizing optimized workflows, all divisions within the company can gain real-time insights into credit line usage and approval processes. This improvement means teams will devote less time to paperwork and coordination, instead focusing on higher-value tasks.

Furthermore, GTK streamlines the user experience, making processes more accessible and manageable. Enhanced training ensures clear accountabilities, while document and communication storage is centralized, promoting collaboration across different regions and functions.

About ANDRITZ

ANDRITZ is renowned worldwide for its innovative solutions in the pulp and paper industry, along with its contributions to the metal, hydropower, and environmental sectors. The company is committed to facilitating growth that is meaningful for businesses, individuals, and the planet. By championing innovative technology, ANDRITZ is at the forefront of driving sustainable transformation, helping industries globally enhance efficiency, minimize waste, and reduce emissions.

Insights into Komgo

Komgo, based in Switzerland, specializes in providing secure, interoperable solutions for digital trade financing. Its platform connects businesses and financial institutions around the globe, enabling structured data exchanges, automated workflows, and access to multiple banks. GTK serves as Komgo's enterprise application for unified trade financing management that not only simplifies complex processes but also builds stronger, more effective partnerships across the trade finance landscape.

For media inquiries regarding ANDRITZ or Komgo, please reach out to their respective communication offices for further information.