E Making Big Deals David Hay Global Transportation.

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Presentation transcript:

e Making Big Deals David Hay Global Transportation

Global Transportation Segments Ocean - Protect Custom Solutions Custom Solutions Freight Forwarder - Grow TradeCard TradeCard FF Package FF Package Rail - Grow and Penetrate U.S. - RAILINC U.S. - RAILINC World - Leverage Enterprise World - Leverage Enterprise Port - Grow and Penetrate Replicate existing solutions Replicate existing solutions Leverage Customs connections Leverage Customs connections Air - Penetrate Direct or through ARINC Direct or through ARINC Catalog Solutions Catalog Solutions Changed the Game in ‘97, Now Play Aggressively Market View Market Penetration Customer Penetration 0% 80% 0% 50% Ocean Freight Forwarder Rail Port Air

Competitive Landscape Ability to Execute Breadth of Vision AT&T IBM GEIS Kleinschmidt Sterling BT Answer = Scale & Reach In House

Global Strategies Play From Strength: Global, Ocean, Ports, Forwarders Gateway Sales (Enterprise & Community Manager) Gateway Sales (Enterprise & Community Manager) Create several “Mega Deals” Create several “Mega Deals” –1997 Examples  RAILINC (Switch Development -> $80MM Outsource)  TradeCard (Unprofitable MNS -> Full Service EC Provider)  ARINC (Enterprise -> Industry Partner)  Eurolog (MNS -> Industry Insider) Drive TradeCard to Critical Mass Drive TradeCard to Critical Mass Use Partnerships to Create Industry Specific Communities Use Partnerships to Create Industry Specific Communities Prioritise Ruthlessly and Integrate Globally

Transferring Solutions Vision for Global Transportation, goods go to: Vision for Global Transportation, goods go to: –GEIS enabled Freight Forwarder who clears through –GEIS enabled Customs House or Government onto –GEIS enabled Ocean or Air Carrier through –GEIS enabled Port, then transferred to –GEIS enabled Railroad passed to a local –GEIS enabled Trucker for final delivery AND provide information throughout the cycle AND provide information throughout the cycle Dozens of Messages in a True N 2 Environment

Summary Some Lessons Learned in 1997 Some Lessons Learned in 1997 –Treat Transportation Companies as Businesses –Stay Very Close to the Customer Some Successes to Build on for 1998 Some Successes to Build on for 1998 –Get Margin by Delivering Mission Critical Solutions –Look for a Bigger Deal in Every Sale –Change the Game (if necessary) and Play Hard 1997 was Great, 1998 will be Better

e Revolutionizing World Trade In the world of electronic commerce…We bring good things to life TradeCard

International Trade ($ in Trillions) Absolute Transactions # Trade Txns132MM195MM # LC Txns43MM63MM - Lots of messages for every transaction - Governments are forcing compliance electronically We’ve won the deal, now the hard work begins Full Service Trade System, Ltd. (FSTS) has the answer: Full Service Trade System, Ltd. (FSTS) has the answer: –a simple PC based facilitator –backed by a strong “compliance engine” –delivered through world class partners TradeCard Opportunity

EXPORTER CONFIRMING BANK IMPORTER ISSUING BANK Letter of Credit L/C Contract Reimbursement Request Credit Approval L/C Application L/C Contract Documents L/C Contract Document Preparation Multiple Manual and Electronic Documents Multiple Points of Data Capture -- Frequent Discrepancies 90%+ Three Contracts Governed by UCP500; Subject to Interpretation -- Frequent Disputes Manual Document Compliance Check --Frequent Payment Delays Performance Guarantee L/C Contract Confirmation TradeCard System Administrator IMPORTER FUNDER/ IMPORTER’S BANK TRADECARD Credit Approval Txn Compliance Transaction Single Set of Standardized Electronic Documents Single Point of Data Capture Single Governing Contract Automated Document Compliance Check EXPORTER Transaction A Great Example of Electronic Commerce Changing the World TradeCard vs. Letter of Credit

TradeCard Is a Bank-Independent, Computer-Based System Designed to Replace More Expensive, Document Intensive Letter of Credit Products Used As a Payment Mechanism in International Trade TradeCard Electronically Links All Trading Partners to Negotiate Trade and Freight Terms. It Uses Standardized, Centrally Processed Electronic Documents to Capture and Verify the Compliance of All Transaction Terms Agreed to by All Trade Parties Once All Terms of Trade Are Confirmed and Shipment Is Made, the Software Authorizes Importer's Bank to Release an Electronic Payment to an Exporter and All Other Companies Involved in the Trade The Product Has Been Tested by NationsBank, BankAmerica, Royal Bank of Canada, ABN/AMRO and SFF as well as numerous importers, exporters and freight forwarders NationsBank, Royal Bank of Canada, and SFF Have Signed a Contract With FSTS to Act As Funding Partners and Distribute the Product. ABN/AMRO, Wells Fargo, Bank America and Many Others Are In Final Negotiations. TradeCard Is A Game Changing, Technology-Driven Trade Finance Product $20 MM Investment by FSTS to Launch Product Product Description

TradeCard Sale No cost software EDI capable Accelerates payments Approximately 1/3- 1/2 cheaper than Letter of Credit No advising confirmations No investment required Eliminates disputes EDI interface to existing systems Standard contract Control over payments Extra credit line Standard contract Guaranteed payment Online tracking FSTS compliance engine “clears” most import / export issues No application No documentary process Online tracking More predictable payments Less risk of payment delays Freight ForwarderImporterExporter Cheaper Better Faster TradeCard Will be an Easy Sale... The Cost: The Benefit: - $250 / workstation / year - no minimum commitment Better, Cheaper, Faster for Users

Deal Specifics “Experts in Electronic Commerce” will EDI enable their software “Experts in Electronic Commerce” will EDI enable their software Network Services Network Services –Paid for every transaction (we become default) –Paid for any dedicated lines (banks) –Paid for EDI transactions (once EDI enabled) Ramp & Implementation Services Ramp & Implementation Services Application Support Application Support Sales Channel for FSTS Sales Channel for FSTS GEIS Will Drive Fast Ramp to Critical Mass

Importer Exporter Freight Forwarder FSTS System Administrator Payments 7.5% Commission to signing ISO $250 / workstation / year to GEIS 7.5% Commission to signing ISO $250 / workstation / year to GEIS 6% Commission to GEIS (if we sign) $28 / transaction Potential $ $15 / txn $12 / txn $28 / txn $70 / txn + $250 / W/S 1998 Revenue: 1998 Potential 30K txns in 1998 $1.5 M for txns $0.2 M for W/S Vertical “Signing” GT Triad Split SSA Everyone in GEIS Can Win with Additional Revenue Payment Structure

Next Steps Project execution Project execution - Create ramp, implementation & service capability globally - Create ramp, implementation & service capability globally - Special care for “pilot customers” - Special care for “pilot customers” Sales efforts Sales efforts - Convince ourselves we want to sell this service - Convince ourselves we want to sell this service - Develop target list as an Independent Sales Organization (ISO) - Develop target list as an Independent Sales Organization (ISO) - Train our sales channels - Train our sales channels We Need to Ensure TradeCard’s Success

Summary Start with the experts in World Trade (WTCA) Start with the experts in World Trade (WTCA) –300 centers; 400,000 member companies worldwide Partner with the top trading banks in the world Partner with the top trading banks in the world –ABN/AMRO, HSBC - Wells Fargo, NationsBank Develop a business plan that lets all the major players win Develop a business plan that lets all the major players win –re-enfranchises the banks –cheaper / better / faster for importers, exporters –huge opportunity for WTCA members Create an fully enabled PC program around a compliance engine Create an fully enabled PC program around a compliance engine Get a patent on the idea / software Get a patent on the idea / software Make it EDI capable to tap the electronic commerce market Make it EDI capable to tap the electronic commerce market Partner with the biggest electronic commerce player in the world Partner with the biggest electronic commerce player in the world Put in carrots & sticks for all key players Put in carrots & sticks for all key players And You Have a Full Service Trade System

e Local Focus…Global Reach GE Information Services