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:

Core Banking Systems Integration

Centralized trade operations to minimize date entry duplication and guarantee integrity.

Compliance and Regulatory Transparency

Automatically monitor all document access and transaction processing by tracking fraud and compliance issues in real time.

Built-in Workflow

Reduce turnaround time and to handle faster trade request processing.

The Maker Checker Concept

Better reconciliation and effective financial control in case management when authorized data is entered at the regional branch office.

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.

Let Sumerge enhance your daily operations with our automated process solutions.

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