Datamatics Trade Finance Description
Global trade dynamics are changing rapidly. The banks are focusing more on scaling up trade finance operations and improving their participation in the financial supply chain. Standing-alone manual systems can impede seamless operations and pose risks in terms of compliance and control. In a paper-driven environment, strict banking regulations require continuous manual monitoring and intervention at all stages. Datamatics' Trade Finance Solution, which can be hosted both on-cloud and on-premises, is a business accelerator. It automates all aspects of trade and seamlessly integrates with clients' core trade finance and banking systems. Datamatics' Trade Finance solution uses IBM Cloud Pak to Business Automation (CP4BA). It employs cutting-edge technologies such as Intelligent Data Capture, Artificial Intelligence/Machine Learning and Robotic Process Automation (RPA).
Datamatics Trade Finance Alternatives
BankTrade
Since 1978, BankTrade® has been our back-office solution. It is currently being used by more than 100 Trade Finance Banks around world. BankTrade®, functionally caters for all traditional Trade Finance products, while adhering to the highest industry standards and Global Best Practices. BankTrade®, a Web-enabled back office solution that is SWIFT certified and the industry's leading, has been designed to automate the Trade Finance operations of financial institutions. BankTrade®, a true global leader, supports both corporate clients of banks and all active Financial Supply Chain participants. We are able to keep our current customers happy with BankTrade®, with the average customer using BankTrade® for more than 10 years. This is due to platform independence. BankTrade®, currently in production on all major operating systems in market.
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IGNITE CTRM/ETRM
IGNITE is an award-winning Commodity and Energy Trading and Risk Management platform (ETRM / CTRM). It specializes in the buying and selling commodities and associated logistics and risk management activities. IGNITE's CTRM technology supports: pre-deal and contract management, trade finance (physical and derivatives), risk measurement & monitor, inventory and operations management & operations, processing and actualization, settlement. To provide an advanced multi-commodity Software-as-a-Service (SaaS) delivered, CTRM platform that gives our clients the confidence to work with speed and efficiency across front, middle and back office business - and at a fraction of the cost of our competitors! Our platform is an essential part of risk management, transactional strategies, and administration pertaining commodity trading, risk, accounting, and related activities.
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Kachasi
Kachasi, a comprehensive solution for trade finance, automates all aspects of the banks' trade financing operations. It combines traditional features of trade finance with flexibility to meet local processing requirements.
The following are some examples of
Kachasi contains essential modules, such as Import-Export Letters of credit, Inward and outward collections, Bank Finance and Reconciliation. It also covers Interest Distribution, Unutilized balance, and Offshore charges.
Kachasi offers a number of modules for Indigenous Trade, including Document Handling, Funding Instruments and Custom Duties/Regulatory Collections. It also provides Operational and Regulation Reports as well as a BI Dashboard and Guarantees Issued & Received.
Kachasi also offers modules such as Supply Chain Finance, Discounting/Factoring of Invoices, Forfaiting/Bank payment obligation, and Pre-shipment Finance.
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Apruve
Make offering trade credit as easy as accepting a credit card. Apruve is technology at the intersection of B2B trade credit and A/R automation. Apruve enables global enterprises to transform their trade credit, accounts receivable, and collections processes with automation and guaranteed payments.
Apruve works with a global credit network to guarantee next-day financing on all open invoices while automating the procure-to-pay process and decreasing risk. Our solutions are customized for your markets, customers, and goals, enabling you to simplify and accelerate the procure-to-pay process.
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Company Details
Company:
Datamatics
Year Founded:
1975
Headquarters:
India
Website:
www.datamatics.com/solution/trade-finance
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