Overview

The ITS - Trade Finance manages trade-related instrument processing, connects your bank to the SWIFT and Telex networks  and provides a link between your bank and its clients. Designed to endure the test of customer demands and bank operations over time, this solution includes a full-featured back-office network, as well as an interface to corporate workstations, putting the full range of ITS-Trade Finance services at your client’s fingertips. ITS-Trade Finance establishes a competitive edge and protects your bank’s investment with prevailing LAN technology.

Benefits:

Automation

The ITS Trade Finance Module system automates import, export and standby letters of credit (L/Cs), as well as letters of guarantee, transfers, bills, acceptances, bills of lading, air waybill releases, amendments and other trade documentation. Your back office spends less time re-keying and correcting L/Cs because Trade Finance Module validates the data captured against rules you define for your business practice and message construction, as well as standard ICC UCP 500 and 400 rules. The system saves additional time by automating liability management, client fee billing, accounting and advice generation functions.

Increased Profitability

Rapid Implementation

Decentralized Processing, Centralized Control

Too often, the international department of a bank discovers too late that its technical direction limits its flexibility and responsiveness in implementing new business strategies. With a centralized mainframe or minicomputer system, upgrades to accommodate increasing transaction volumes are costly and decentralizing to allow regional bank offices or branches to process some or all Trade Finance Module transactions involves the expense of online communication links. ITS Trade Finance Module frees you from these constraints. Adding extra processing power is simply a matter of connecting additional workstations to your network, allowing your bank to start small and to scale up as needed. Should your bank decide to decentralize its business, it can use regional or branch office Trade Finance Module workstations, which only require a communications link to the central database server.

With our approach, the possibilities are endless. Your bank can be more responsive to the needs of clients, providing more professional and quality service.

Short Learning Curve

Immediate Access

Seamless Efficiency