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Trade
Finance 
Front-to-Back Trade Finance
Integrated Banking Solution
Challenge
Most banks providing trade services now recognize the need
to offer customers a best-of-breed trade finance front-end
system to supplement their existing trade finance back-office
infrastructure. The front-end system should be easy to use and
functionally rich, so that banks can increase customer satisfaction
and retention. Due to competitive pressures, such a system
often must be implemented in a matter of weeks in order to
demonstrate concrete results to banking customers.
To maximize use and efficiency of the customer front end, it
should be fully integrated with the bank’s back-office trade
finance system. However, establishing an end-to-end trade
finance solution – incorporating both customer front-end and
bank back-office systems – is a challenging task. Front-to-back
integration can prove difficult due to legacy back-office systems,
which often are incapable of receiving real-time feeds, mapping
data input by customers, and downloading required data to
the customer.
Success depends on establishing an innovative, world-class
front-to-back solution backed by quality customer service from
a vendor of repute.
Solution
Surecomp delivers an integrated end-to-end trade finance
solution comprised of best-of-class front-end and back-office
systems. Surecomp offers several back-office trade finance
systems, each targeted for different levels of usage, geographical
location and IT infrastructure. Regardless of your bank's location,
size, geographical spread of operations, or transaction volume,
Surecomp has a front-to-back trade finance solution that meets
your needs.
Surecomp offers a single, unified J2EE-compliant customer
front-end system that is fully integrated with all of Surecomp’s
back-office systems. Due to its highly open architecture, the
front-end trade finance system also easily integrates with third-party
or in-house back-office trade finance systems.
Implementation
Surecomp appreciates that full implementation of the back-office
system can take time, thereby delaying deployment of
a front-to-back solution. The bank, for example, may require
customization of the system. In addition, the system must be
installed, configured to the bank’s specific practices, interfaced
to multiple systems within the bank, tested, and moved to
production. As a result, implementation of Surecomp’s back-office
systems usually takes a number of months.
Yet not every bank is prepared to wait for the completion of
back-office implementation before launching its customer front-end
services.
That is why Surecomp also provides a stand-alone version of
its front-end system, which can be launched as an interim
solution in just a few weeks. Immediately following completion
of the back-office production run, the fully integrated solution
can be made available.
Surecomp’s end-to-end approach means that those banks
licensing any of the Company’s back-office systems together
with its front-end system face little-to-no integration challenges.
Benefits
Banks around the world that already have implemented
Surecomp’s front-to-back trade finance solution are now reaping
the benefits. They, along with their customers, are embracing
the integrated end-to-end solution with great enthusiasm.
Bank Perspective
- Rapid end-to-end implementation and integration
- Vastly reduced data input due to automatic data mapping
- Faster transaction turnaround – complex transactions completed in minutes
- Proven increase in business volume due to enhanced customer satisfaction
- Extremely short ROI – as low as 6 months
Customer Perspective
- 24 * 7 system usage – no downtime
- Extremely fast implementation of front-end system
- Availability over the Internet from any location – no software installation
- Customer initiation of any type of trade finance transaction
- Easy portfolio organization and management using multi-language help tool
Why Surecomp?
- Proven: Surecomp’s trade finance systems are already
implemented at almost 200 financial institutions worldwide,
including major domestic, regional and global banks
- Experienced: Surecomp has been active in the trade finance
banking industry since 1987 and has acquired vast knowledge
of regional and local practices
- State-of-the-Art:
Surecomp’s cutting-edge trade finance
solutions are developed in-house by teams of dedicated IT
and banking specialists
- Best-of-Breed: Surecomp’s back-office and front-end systems
are widely acknowledged as “best of breed” in their respective
areas
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