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Manage critical Trade finance functions with ease
Trade finance is a key component in today's global economy that is crucial to multiple business functions and should always be handled thoroughly and quickly.
With how extensive and intricate letters of credit can be, shouldn't there be a solution that simplifies the process?
Our web based services will give you complete control over your most integral processes
Our products are flexible and made for the intricate processes of trade finance transactions and will allow you to excel in the global marketplace.
Synergy Trade Finance Software Solutions
Trade Finance Products Overview:
Products
• Digitize all related transactions and documents including financing
Guarantees & Standbys
• Improved efficiency for all guarantee activities
• Complete control over documents from multiple sources
• Total management of any and all trade interactions
• Manage collections, deposits, and securities via a dashboard with daily & monthly summary information
General Features
• Edit & finalize a wide variety of business documents
• Allows for seamless & efficient interaction with multiple financial institutions (C2B & B2C)
• Fully automated instruction and information exchange
• Digitize all trade finance transactions & documents
• Fast deal entry/auto-fill options allows for increased remediation and faster processing
• Seamless interaction with outside systems such as SWIFT and various accounting systems
• Generate and review all necessary SWIFT messages
• Functionality to set deposits to lend/for call/overnight/term periods
• Email notifications to defined users providing real time tracking and status updates
• Allocation of interest rate margins among multiple profit centers
• Updated yearly to ensure SWIFT, UCP & ISO compliance
• Innovative protection against internal and external risks
Letters of Credit & Standbys
Effective management with an all in one system to maximize performance
• Apply for, issue and amend Import & Standy LCs
• Timely updates regarding acceptance, presentation, drawings, payments, under LCs
• Export, Standby and subsequent LCs are advised to you through the system
• Confirmations and advises can be transmitted through the system
Guarantees & standbys
• Manage & transmit all guarantee or standby activity, either on your behalf (corporate side) or in your favor (banking side)
• Receive up to date responses from financial institutions
• Repetitive text and templates are automatically stored to streamline your workflow and process
• Set automatic amendments or perform them on demand
Establish uniformity quickly and easily to expedite data entry, saving time and money
Collections
• Prioritize import collection documents from various sources
• Exchange collections instructions
• Maintain up to date statuses across multiple systems
• Multiple methods to handle various documents such as amendments, payments & export collections
Faster, more efficient remediation
to lower costs and maximize performance
Presentations and Payments
• Supports Letters of Credit and documentary collections
• Automation in every step of the trade finance process • Improved transaction planning • Enhanced management monitoring and workflow control, including risk factors • Allows for transaction capturing, verification, document acceptance, acceptance with discrepancies, correspondence, accounting and payments
In today's global market, customers are demanding more from their banks. These requests include greater availability of data with more trade information as well as real time synchronization for more dynamic business management
Limits & Facilities
• Easily view a customer's limits, positions, and available amounts in real time
• Allows credit & account managers the ability to manage and control entire customer relationships across multiple option facilities, limits, draw-downs & repayments
• Flat fees & rate based fees are easily entered and automatically billed and settled
• Allows for output to Excel for further analysis
• Allows for participations, syndications, and Lead Bank processing
Effective management of your overall institution's risks in real time with a state of the art tracking
Documents
Document processing for today,
with the needs of tomorrow in mind
Flexibility and complete customization
to suit any documentation needs.
• Create documents such as
collection letters, invoices, packing & weight lists
• Manage document defects and track corrections
with a dedicated dashboard
• Finalize documents through common software integration
with Microsoft & Adobe products (Microsoft Word, Excel, PDF)
• Full customization of document outputs and layouts
including custom letter heads as well as watermarking
Security
Safeguard features that are intuitive just as they are strong, so you can have peace of mind that your data is secure 24/7
• Access via a SSL encrypted website
• Two step entry/verification for all transactions
• User & password protected access with enforced rules
• Dynamic menu options based on user access credentials
• Offsite Hosting provides state of the art data and hardware protection as well as uninterrupted business resumption capabilities
Commerzbank AG will be using our Synergy Trade Finance platform, an intuitive and robust back-office system, that will support branch operations in Europe & Asia!