Automating Trade Finance Processes
Global commercial trade has grown exponentially. Banks and financial institutions offer high-performance solutions to their business clients to make their services stand out in a crowded market, as these financial organizations also look for ways to cut down on their operational costs. Here at Sumerge, we offer our Trade Finance Automation solution to streamline traditional and sophisticated trade finance processes so banks can become more productive and competitive.
With this trade process management automation, banks and financial institutions gain end-to-end solutions to handle a range of bank trade finance tasks, including managing Letters of Credit (LCs), Guarantees (LGs) and Documentary Collections (DC). Increase productivity, reliability and performance with trade automation solutions from Sumerge.
Gain Market Leadership by Overcoming Emerging Trade Challenges
The Trade Finance Automation Solution provides better trade process management to make operations scalable for the changing market environment. Our solution provides:
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Core Banking Systems Integration
Centralized trade operations to minimize date entry duplication and guarantee integrity.
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Compliance and Regulatory Transparency
Automatically monitor all document access and transaction processing by tracking fraud and compliance issues in real time.
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Built-in Workflow
Reduce turnaround time and to handle faster trade request processing.
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The Maker Checker Concept
Better reconciliation and effective financial control in case management when authorized data is entered at the regional branch office.
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Real-time and on-Demand customer communications
More personalized customer experience using the client’s information.
Tailor-made solutions based on your processes and customer needs
Workflow Automation
Placing documents into a single centralized and secure repository to reduce data entry errors and duplication.
Secure Case Management
TF officers can automatically assign cases for resolution, as this solution also handles less structured processes/ad-hoc tasks.
Regulatory Compliance Features
Seamless document auditing as it automatically checks document compliance and applies retention polices.
Reporting and Dashboards
Perform KPIs and performance analysis for TF processes. Also generate reports on missing documents across branches.
Core Banking Integration
Links information to core banking while providing integration with Swift messaging and with collection teams.
Multichannel and Minimal Data Entry
Fast and secure access to documents through an online application. You can capture and digitalize documents.
What our customers say
Sumerge is one of the best companies I have dealt with. The team is very professional, respectful, punctual and committed to delivering the contracted project on time
Sahar Salah,
Vice President, Head of IT, Bank ABCSumerge helped us to seamlessly implement a daily vouchers solution where the team provided an exceptional effort to solve any migration issues and finish the implementation with zero data loss or security issues
Shaarawy Mohamed,
IT Infrastructure services Manager, FABWe used Sumerge’s consultancy and experience to implement our Self-Service Portal as they are the best team in the region to implement and use IBM Technology
Ahmed Abd El Hady,
IT Division Manager, TE-DataThankfully with Sumerge’s ECM solution we now rely on our electronic documents and moved our physical collateral documents to a safe fireproof warehouse, as we no longer need the documents onsite anymore
Tamer Emam,
Head of IT, EMRCWith Sumerge we seamlessly implemented automation for our loan appraisal process along with enterprise content management which empowered us to help more citizens find affordable housing more quickly
