Oracle Banking Trade Finance Description
Oracle Banking Trade Finance provides a complete trade finance solution that allows you to manage trade finance operations in one place. The solution provides end-to-end capabilities to manage a wide range of trade financing products and instruments, including documentary credits, guarantees, or documentary collections. End-to-end central processing capabilities for a wide range of trade financing instruments in documentary credits and guarantees. Fully compliant with UCP 600-, URDG 758-, and ISP98-. Automated workflows, settlement, tax, brokerage and interest charges. You can seamlessly transition from one channel into another. The customizable user experience is possible with the support of many open APIs.
Oracle Banking Trade Finance Alternatives
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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Comarch Trade Finance
Trade finance products have been part and parcel of detailed and thorough process flows that are based on hardcopy documentation for many years. It is high time to change it. Comarch Trade Finance makes it easy for your bank to offer financing and risk mitigation services to your customers. Comarch Trade Finance allows your customers to apply for and manage letters of credit, guarantees, and collections. The entire trade finance process can be automated and digitalized in one place. All trade products supported: letters of credit and collections, guarantees, all in one place. Improved business management through intuitive information architecture that leads to better decision-making. Contextual chat service: Option to contact an advisor while filling out the application.
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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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ApPello
ApPello Trade Finance System supports all events related to export or import letters credit, letters guarantee, and documentary and clean collection. It also offers E2E workflow to all parties and departments. ApPello's system supports both front-end and backend processes simultaneously. Workflows can manage the entire transaction lifecycle, with advanced analytic options. Our solution provides every opportunity to optimize and improve trade finance processes. ApPello Trade Financing system is compatible with all SWIFT messages formats, including letters of credit, guarantees and documentary collections. All SWIFT messages that arrive are processed immediately upon arrival. As part of the transaction workflow, details of the message are displayed on the bank user’s dashboard. The system generates outgoing SWIFT messages automatically.
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Company Details
Company:
Oracle
Year Founded:
1979
Headquarters:
United States
Website:
www.oracle.com/industries/financial-services/banking/trade-finance/
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Product Details
Platforms
SaaS
Type of Training
Documentation
Videos
Customer Support
Phone Support
Online
Oracle Banking Trade Finance Features and Options
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