PARTNER ASPECT

Provides financial institutions with full range of Open Account Services that offer rich functionalities from procurement to payment. It enables financial institutions help their customers better integrate their financial supply chain.

- Order Management
- Advance Shipment Notice
- Invoice and Payment
- Compliance Checking
- Bank-to-Bank Reimbursements
- PO Financing
- Payable Financing
- Invoice Discounting
- Receivable Financing

Partner Aspect & TSU – A Winning Strategy

• TSU Inside – Being TSU-centric, Partner Aspect brings TSU capabilities to your existing Open Account Services

• TSU Adapter – Partner Aspect expands the bank’s presence in the Open Accounts business by extending TSU facilities to non-TSU correspondents and their customers

• SME friendly – By minimizing efforts in system integration, Partner Aspect liberates banks to pursue Open Accounts business more aggressivel.

• Extend Reach – Partner Aspect extends the bank’s reach beyond its customers to their Trading Partners and their banks

·• Expand Offering – Partner Aspect readily supports the inevitable evolution and expansion of TSU in the Trade Value Chain (e.g. to carries, insurance companies, ECGD, FCIA, SGS, etc.)

 

Features & Benefits
Partner Aspect’s underlying framework fully endorses and adheres to SWIFTNet TSU (Trade Service Utility) standards.

• Streamline the trade finance processes that result in shorter order-to-cash cycle
• Brings financial supply chain closer to the physical supply chain and provide transaction visibility
• Links the Trading Partners with their banks and TSU – since TSU is strictly between banks (and does not extend to trading partners)
• Offers Cost-effective Access to Service across the Trade Value Chain
• Provides Common Platform for MNCs/SMEs for Open Accounts/SCM
• Enables Bank to extend Open Accounts Services to their Correspondents

Value Proposition