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Trade Finance Solutions

By Surecomp

Including allNETT®, IMEX®, allTRA® and IBSnet®.

Corporate Front End: allNETT®

allNETT® is a state-of-the-art Internet trade finance front-end system. Designed for use by the bank’s corporate customers and branch offices, allNETT® provides complete trade cycle support. The bank's customers can initiate the full range of trade finance transactions including letters of credit, standby L/Cs, guarantees, collections, remittances and stand-alone finance. allNETT® also enables a wide range of online inquiries and reports.

Complying with the latest industry standards and trends such as service-oriented architecture (SOA), user-friendly allNETT® requires no software installation at the bank's customer. With just a browser and Internet connection, the end-to-end Java system can be used from any location. allNETT® can be integrated with any Surecomp or third-party back-office trade finance system, or deployed as a stand-alone solution. With 24/7 accessibility, central application maintenance and rapid implementation, the field-proven allNETT® system has significantly increased revenues and decreased costs for financial institutions worldwide.

Advantages

  • Full trade functionality support – supports all relevant back-office trade transactions, new transaction issue requests, and amendment and settlement facilities
  • Cash management option – provides a fully integrated cash and trade solution
  • Transaction notification – supports attachment and viewing of files in allNETT®, enabling expanded communications with customers, faster document processing, and improved workflow
  • Imaging and attachments – supports attachment and viewing of files in allNETT®, enabling expanded communications with customers, faster document processing, and improved workflow
  • Secure system – runs under a bank’s security framework, enabling the implementation of single sign on and digital signature, as well as a full audit trail for all system actions
  • User-friendly operation – features multi-language capabilities as well as input efficiency options, including templates, cloning and phrase management

Benefits

  • Increase business throughput via extensive STP features
  • Expand customer activity with enhanced corporate image
  • Capture customer business flows by delivering comprehensive online service
  • Improve competitive edge by providing value-added services
  • Retain customers and meet competitive pressures by providing e-trade services
  • Improve bottom line by expanding business without increasing overhead
  • Provide all front-end, branch and middle-office requirements in a unified system
  • Deliver ROI competitive with any comparable IT project

Bank Back Office: IMEX®

IMEX® is the world's leading back-office trade finance solution designed for financial institutions with high volumes of trade activity. Serving as a real-time processing and decision-support system, IMEX® is a comprehensive back office solution that fully addresses the diverse needs of a financial institution's trade services department. IMEX® handles the entire range of trade finance transactions – including issued and received letters of credit, standbys, clean and documentary collections, clean payments, guarantees, reimbursements, syndications and participations – and supports both integrated and stand-alone financing, discounting and forfeiting.

Conforming to major international regulations – including UCP 500/600/522, URR 525 and ISP 98 – IMEX® is a SWIFTReady Gold-accredited. IMEX® helps banks meet evolving trends such as supply chain finance (SCF) and supports the SWIFTNet Trade Services Utility (TSU) initiative.

IMEX trade finance system provides all required modules in one open, integrated system, leading to seamless consolidation of data across various transaction types. Equipped with advanced monitoring and control tools, IMEX® is a thin-client system, requiring no software installation on user workstations other than a standard browser. Adopted by major banks worldwide, IMEX® vastly improves throughput, productivity and profitability.

Surecomp consistently devotes a high percentage of revenues to ongoing R&D, ensuring that IMEX® retains its position as the world's leading back-office trade finance system and that IMEX® clients can fully leverage their initial investment.

Benefits

  • Double transaction volume throughput without increasing headcount
  • Achieve industry-leading straight-through processing (STP) rate of over 92%
  • Reduce operating costs by 30% via increased efficiency
  • Limit operational risk via credit and operational control
  • Capture customer business flows by delivering end-to-end online service
  • Build competitive edge with innovative Web-based client access

Advantages

  • High STP level
    – enables automatic processing of several types of SWIFT messages and automatic data mapping of incoming messages and electronic banking transactions
  • User-friendly system
    – features a fully Web-enabled browser user interface (BUI), context-sensitive multi-language help facilities, and a system-wide "search and retrieve" function
  • Bank system interfaces
    – interface easily with all internal and external systems including communications, treasury, accounting, security and others
  • Multi-entity solution
    – supports multi-bank, multi-country, and multi-branch configurations
  • Workflow management system
    – supports domestic, regional or global hub-and-spoke operations
  • Fully integrated data warehouse
    – facilitates user creation of any ad hoc or scheduled report
  • Web-based front end
    – integrates seamlessly with allNETT®, Surecomp's Web-based customer front-end trade finance system and other industry-standard front-end products

allTRA®

allTRA® is Surecomp's latest back-office trade finance solution for financial institutions. Developed entirely in the advanced Java J2EE multi-platform environment, allTRA® meets the trade finance requirements of banks of all sizes. allTRA® enables streamlined processing of a wide array of trade finance transactions including commercial and standby letters of credit (L/Cs), industrial revenue bonds (IRBs), guarantees, collections, funds transfers, reimbursements and clean payments. allTRA® also provides enhanced support for all forms of financing such as acceptances, discounted paper and fixed/floating rate loans.

An innovative back-office trade finance system, allTRA® significantly improves global processing power for multi-entity, multi-national institutions while providing branch-specific, rules-based processing capabilities. Leveraging service-oriented architecture (SOA), the system's cutting-edge design and virtually unlimited flexibility allow each entity or region to configure business rules based on local requirements and workflow.

Fully SWIFT- and UCP 600-compliant, the entire back-office trade finance system is configurable via a standard browser, and provides easily customizable workflow and transaction routing. allTRA® fully integrates with allNETT®, Surecomp’s Internet-based remote customer front-end system.

Benefits

  • Double transaction volume throughput without increasing headcount
  • Achieve industry-leading straight-through processing (STP) rate of over 92%
  • Reduce operating costs by 30% via increased efficiency
  • Limit operational risk via credit and operational control
  • Capture customer business flows by delivering end-to-end online service
  • Build competitive edge with innovative Web-based client access

Advantages

  • Flexible configuration – supports large global multi-entity, multi-branch, multi-language and multi-national installations, as well as hub/spoke and centralized processing configurations
  • Versatile infrastructure – enables easy browser-based creation and maintenance of additional screen fields, list-box values, negotiation workflow, tax and interest rates, fee calculations, validations and rules for bank-specific usage
  • Automated workflow – provides an automated workbasket for pending/flagged transactions that allows “at-a-glance” viewing of all work in progress
  • Image routing – routes images internally within the bank and externally to customers and other entities in the trade finance value chain
  • Versatile printing – supports printing of any customer or bank output, including images, tables, custom fonts, bar codes and rich-text formatting
  • Integrated messaging – provides electronic messaging via SWIFT, email, fax, telex and printed output
  • State-of-the-art reporting – enables viewing of online reports in PDF format via the application browser at the touch of a button, and utilizes intuitive open schema for custom reporting

IBSnet®

IBSnet® is the leading Windows-based back-office trade finance solution for financial institutions. IBSnet® enables users to process a full complement of trade finance transactions including commercial and standby letters of credit (L/Cs), collections, payments, guarantees and all means of financing.

A SWIFTReady Gold-accredited system, IBSnet® enables feature enhancements and modifications at unparalleled speed. Its multi-tier, service-oriented architecture (SOA) also ensures maximum security and scalability while providing optimal performance. IBSnet® back-office trade finance system is a totally configurable application that reduces turnaround time for transaction processing, leading to dramatic productivity gains.

Benefits

  • Double transaction volume throughput without increasing headcount
  • Achieve industry-leading straight-through processing (STP) rate of over 92%
  • Reduce operating costs by 30% via increased efficiency
  • Limit operational risk via credit and operational control
  • Capture customer business flows by delivering end-to-end online service
  • Build competitive edge with innovative Web-based client access

Advantages

  • Multi-branch platform – enables several branches to share the same database located at a central point, while viewing, processing and reporting only their own transactions
  • Flexible configuration – offers unrivaled flexible configuration capabilities such as enabling a bank to add an unlimited number of extra fields and split existing transactions into any number of subtypes
  • Rich database resource – utilizes leading industry databases and the most widely used SQL report writers
  • Comprehensive reporting facilities – offers a range of comprehensive reporting facilities including pre-defined production reports, reports on demand, and automated batch mode supporting daily, weekly, monthly, quarterly or annual intervals
  • Productivity/workflow capabilities – supports transaction routing and provides comprehensive workflow statistics that allow for the easy creation of reports on worker productivity, bottlenecks and work in progress
  • Straight-through processing (STP) – enables STP via production of all outgoing trade- and payment-related SWIFT messages, and mapping of all such incoming messages that arrive via SWIFT Alliance or similar systems
  • Transaction accounting/payments – offers complete multi-currency/Euro accounting within each module, allowing for automated payments under any transaction or via the stand-alone payments system
  • Web-based front end – integrates seamlessly with allNETT®, Surecomp's Web-based customer front-end trade finance system and other industry-standard front-end products