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Trade Finance 
IBSnet
Windows-Based Trade Finance 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
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 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.
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