Trade Finance

Centralize and streamline Trade Finance processes

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  • Agile Business Process

    Design trade finance processes which are agile, accurate and help maximizing profits by bringing down transaction times and costs.

  • Secured Authentication

    Create paramount security for a smart trade finance solution.

  • High Operational Efficiency

    Create better operational efficiency by reducing the need for specialized human resources across functions.

Brochure: Redefining Trade Finance with Newgen

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Trade Finance Automation System by Newgen

Newgen’s Trade Finance Software facilitates the automation and centralization of standard processes such as Export, Import documentation, Negotiation, Quotation, and Remittances. As a result Trade Finance providers can offer improved customer services owing to timely decisions. Trade Finance offerings can be ably extended even to low volume branches leading to pooling of resources and reduced operational costs.

With the flexibility provided by the solution, processes can be structured according to changing market needs. The Solution with the help of checklists, efficient tracking of credit documents, and internal controls ensures adherence to the highest level of standards and compliance. Increased visibility on transaction details lead to mitigation of risks.

The solution ensures timely and accurate payments in trade business to the benefit of both buyers and sellers. Newgen ensures that leveraging its Trade Finance solution an organization is well positioned to increase efficiency, enhance productivity and create higher business volumes. The solution enables reduction of operational costs. Creating automated and well structured touch points, the solution leads to better customer engagements. Process improvement and reduction in transaction cycles support more efficient management of working capital, enabling the release of substantial volumes of cash which might otherwise be trapped in the supply chain.

Trade_Finance_Diagram

Key Benefits

  • Centralized trade operations with online trade finance processing at a central hub
  • No need of highly skilled staff at branches
  • Trade business can be extended even to low volume branches
  • With ease of implementing new products, new revenue generation opportunities are envisaged
  • Better reconciliation and effective financial control
  • Improved liquidity with the release of cash other wise caught up in complex supply chain
  • 360 degree business monitoring and tracking of loan requests

Request A Demo of Trade Finance Automation Software

The Trade Finance industry is process-oriented, document-intensive and highly skill demanding. Global trade finance processes have not been optimized sufficiently due to paper-based practices slowing down key processes such as discrepancies handling. Staff with the requisite skills may not be present at all branches, and hiring trade specialists for low volume branches may not always be economically viable. The process suffers due to delays in document movement from branches to centre, and the delay is aggravated in case of banks spread across large geographies. This necessitates centralization of Trade Finance operations.

Try Newgen Trade Finance Automation Solution for benefits such as:

  • Providing business agility by enabling frequent process changes
  • Reduced turn-around-time for LC/LG issuance
  • Availability of online images for verification
  • Improved exception handling and tracking
  • Enhanced compliance with complete accountability