Codat helps Harbor to onboard customers easily, allowing them to share access to their accounting, banking and commerce platforms

About Harbor

Harbor is making trade finance more accessible, user-friendly, and efficient for businesses that trade both domestically and internationally. Harbor provides end to end solutions covering the entire cash conversion cycle.

Our approach

Distributed administrative processes

Buyer and supplier data can be difficult to consolidate accurately. Manual data collection means that you may not be getting an up to date picture of a company's financials and trading history which leaves room for credit risk and even fraud.

Accessing trade data

As an international trade finance provider Harbor was looking to work with an integration provider who could complement and enhance their existing data aggregation and risk management processes. This meant that Harbor needed a provider with extensive market coverage and experience.

Future Proofing

Harbor was looking for an integration partner that could provide them with additional functionality and opportunities as they expand into new jurisdictions, industry verticals and market segments. The use and popularity of accounting systems alter geographically and Harbor needed to make sure that they continued to serve their entire customer base during their expansion.

Improved Onboarding and Decisioning

With Codat’s Onboard & Decision applications Harbor is able to streamline their administrative processes by digitally accessing their customers' real-time trade data without having to worry about errors. This transformation to their decisioning process allows them to underwrite and approve transactions within 24 hours.

Extensive coverage

With 30+ integrations and growing, Codat were able to fulfil Harbor's need to cater to their ever expanding international customer base.

A solution for growth

Harbor not only saw the value in what Codat could facilitate today but also looked at the bigger picture. Codat’s public product roadmap was inline with the plans Harbor had for its future expansion and growth, opening up new target markets through additional use cases and an ever growing list of integrations.

“Utilizing Codat’s data integration and aggregation tools helps to access user data in realtime allowing for improved risk monitoring, faster approvals, and a seamless user experience on the HarborTrade platform”

Michael Gilhuley
Head of Portfolio Management