Hamburg, Germany– September 28, 2014 – Surecomp®, the leading global provider of trade finance solutions for banks and corporations, announced today that SCF-PRO®, its innovative supply chain finance solution for banks and corporations, has been awarded the “SWIFT Certified Application – Supply Chain Finance” label.
The SWIFT Certified program provides accreditation to companies that provide various SWIFT-related services and solutions to end customers. SWIFT checks compliance with relevant quality criteria and standards, and awards SWIFT Certified labels for qualifying applications and specialists. SWIFT is the Society for Worldwide Interbank Financial Telecommunication, a member-owned cooperative through which the financial world conducts its business operations with speed, certainty and confidence.
“We are delighted that SCF-PRO has earned SWIFT accreditation. This endorsement reaffirms Surecomp’s commitment to providing best-in-class trade finance solutions to banks and corporates worldwide,” said Joel Koschitzky, Surecomp Chairman. “Based on Surecomp’s in-depth knowledge and understanding of BPO and the evolving supply chain finance and open account requirements, Surecomp’s SCF-PRO solution is extremely flexible and completely independent. It is this approach which not only allows banks and corporations to protect their investments in existing solutions, but also enables them to quickly respond to changing customer demands and market conditions.”
Equipped with pro-forma invoice, accounts payable management, and finance capabilities, SCF-PRO is supported by an array of standard features including a complete BPO module, imaging, notifications and workflow. SCF-PRO has full back and front office component and is easily integrated with existing back- and front-office environments encompassing all main SCF players. By optimizing working capital, improving cash flow management and strengthening trade relationships, SCF-PRO benefits buyers, suppliers and the banks that serve them.
SWIFT is a member-owned cooperative that provides the communications platform, products and services to connect more than 10,500 banking organisations, securities institutions and corporate customers in 215 countries and territories. SWIFT enables its users to exchange automated, standardised financial information securely and reliably, thereby lowering costs, reducing operational risk and eliminating operational inefficiencies. SWIFT also brings the financial community together to work collaboratively to shape market practice, define standards and debate issues of mutual interest. For additional information, visit www.swift.com.
Surecomp is the leading global provider of trade finance solutions for banks and corporations. A market pioneer for over 25 years, Surecomp maintains a proven track record delivering innovative solutions worldwide. With a global network of regional offices and six state-of-the-art development centers, Surecomp successfully supports hundreds of installations in over 80 countries. Surecomp's integrated portfolio of trade finance and supply chain finance solutions streamlines the transaction lifecycle to minimize costs and maximize profits. For additional information, visit www.surecomp.com.
Surecomp’s full-range of award-winning solutions will be showcased later this year at Sibos 2014, which is to be held in Boston at the Boston Convention & Exhibition Center from September 29 to October 2. Delegates to Sibos 2014 are invited to contact Surecomp and arrange a meeting.