TRADE ASPECT

Implements full functionality of conventional trade services for the financial institutions

* Documentary Letters of Credit
* Standby LC and Bank Guarantees
* Collections
* Shipping Guarantees
* Bank-to-Bank Reimbursements
* Bills Financing

Potential customers or customers who have chosen our leading edge Partner Aspect may wish to refresh their legacy trade services application with Trade Aspect due to its superior Business Process Management capability and state-of-art Service-Oriented Architecture in order to increase productivity and drive down operating cost.

Benefit

• Expand Trade Service Market Leadership – by offering complete Trade Services that includes Open Account Service. Trade Aspect is seamlessly integrated with Partner Aspect provides end-to-end trade solution.

• Streamline Trade Services Processes across different applications is made easy with its process-oriented architecture. “Business Process Personalization” is another powerful feature where bank can offer different business processes to different customers (or Partners) to meet their needs.

• Lower Cost of Total Ownership under several means:

-New Global Business Models offer Banks resource optimization that greatly lowers the operating cost.

-Adoption of BPEL and Web Services technologies to further reduce the cost of overall management, modification, extension, and integration.

-Properly-layered SOA with the ability to plug in country specific features to greatly reduce enhancement and opportunity costs.

• Increase Revenue by reaching new demographics – By helping your customers to connect with their trading partners, it brings revenue opportunity by new lead generation as well as selling of cross-border services.

• Increase Business Agility - establishes an environment which responds to business requirements with unprecedented agility and allows the business model itself to evolve in more service-centric directions

Solution Highlights

• Service Request & Work Orders
Branch initiates service request, authenticate scanned document images.
Processing Center processes work order created from service request
Separate process flow

• ASP model with BPO support
Site owner, legal entities, booking units locations and sub locations.
White labeling with services entitlement

• Single system supports both Front-End and Back-End processing

• Extends business process management to bank’s customers

• Integration with TSU processing

• True Enterprise solution that integrates with bank’s infrastructure services such as Enterprise Content Management, Common Access Control, and Business Process Management.

• Service request enable service representative record the customer request and scanning of attached document, authenticate the image scanned before it can release to processing center for data entry and further processing.

• Electronic folder provides the easy path on the investigation process

• Enterprise Application Portal enables bank to streamline business processes and integrate user interfaces from different applications under a single window.

• Powerful document engine automates generation of all correspondence that include SWIFT, Telex, Email and PDF document.

• Multi-cultural to cater to regional needs