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
Overview
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.
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.
