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DATAMATICS TRADE FINANCE SOLUTIONS

Smart Business Accelerator For Trade Finance

 

SMART BUSINESS ACCELERATOR FOR TRADE FINANCE

The dynamics of global trade are changing every day. Banks are increasingly focusing on scaling-up their trade finance operations and improving their presence in the financial supply chain. Standalone manual systems hinder seamless operations and also pose risks related to compliance and control. In addition, in an extensively paper-driven environment, strict banking regulations mandate continuous manual monitoring and intervention at different stages.

Datamatics’ Trade Finance Solution is a business accelerator, which can be hosted on-cloud as well as on-premises. It automates the entire trade lifecycle and seamlessly integrates with the client’s core trade finance and banking systems. The solution is powered by IBM Business Automation Workflow and provides a fully automated, paperless, and electronically driven workflow environment.

It caters to all kinds of transactions in the Trade Finance domain, namely

Letter of credit (Import & Export) I Guarantees (Inward & Outward) I Loans I Collections (Import & Export) I Shipping guarantee I Reimbursement

ADVANTAGES

33%

Increase in processing time

40%

Increase in data entry speed

65%

Reduction in missing documents

65%

Reduction in to-and-fro interactions between branch and head office


TRADE FINANCE FEATURES

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Smart Inbox

Smart load-balancing, priority-based task sorting and quick-view of potential defaulters

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Cognitive Controls

Real-time screening, secure processing, and anti-money laundering (AML) monitoring

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Automated Diagnostics

Global and branch level performance tracking for identifying bottlenecks

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Seamless Collaboration

Electronic status updates to customers, partners, banks, agencies and internal departments

TRADE FINANCE OFFERINGS

Smart UI

  • Smart inbox with auto indicators
  • Promotes VIP tasks
  • Notifies SLA breach
  • Detects  inactivity
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Banking System Integration

  • Core trade finance solution
  • Core banking solution
  • Swift
  • Firco
  • Safewatch
  • Bank’s black list

 

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Automated Decisions

  • Auto Compliance
  • Auto Field Validations
  • Auto Document Classification
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Workflows In All Major Trade Products

  • Letter of Credit
  • Collections
  • Shipping Guarantee
  • Guarantees
  • Loans
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Multiple Transaction Initiation Modes

  • Form based
  • Email
  • Mobile
  • External Triggers
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Covers All Roles At Branch & Back Office

  • Branch office (Maker/ Checker)
  • Scan operator
  • Approvers (Maker/ Checker)
  • Document Examiner (Maker/ Checker)
  • Record  Keeper (Archive physical documents)
  • Dispatcher
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FEATURED NEWS

Datamatics recognized as the Best Cognitive Technology Provider by Computer Society of India, Mumbai

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Datamatics wins 2019 IBM Asia Pacific Excellence Award for Top Transformation Business Partner

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Datamatics wins INDIA’S BEST COMPANY OF THE YEAR Awards 2018, by Berkshire Media

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