Comarch Trade Finance is a digital trade finance software designed to automate and streamline complex trade processes for banks and their corporate clients. This comprehensive front-end platform digitizes the management of letters of credit, guarantees, and collections, significantly reducing processing time from days to hours.
Our solution can be used by:
Banks and other financial institutions
All online, in a breeze
For years, if not centuries (!), trade finance products have been part of meticulous and exhaustive process flows based on hardcopy documentation. It’s high time to change it.
Make your bank ready to provide financing and risk mitigation to your business customers – entirely online – with the Comarch Trade Finance system.
Comarch Trade Finance is a front-end platform that lets your customers apply for and manage guarantees, letters of credit, and collections.
What problems does Comarch Trade Finance software solve?
BANK
PROBLEM: barrage of operational tasks, complexity of paper forms, keeping customers updated on product statuses via snail mail, email, and phone
FIX: online product applications and status checks: fewer tasks and customer questions, less paper. As a result, reduction of operating costs
CUSTOMER
PROBLEM: troublesome product application process, no status updates, lack of one consistent information stream
FIX: end-to-end management of trade finance online, transparent and easy-to-follow application forms, advisors available via chat, always up-to-date product information, no need for a branch visit
BOTH
PROBLEM: heaps of paper, no efficient way to keep track of all the statuses, information gaps
FIX: document and application management online, comprehensive product details
What features we put first in Comarch Trade Finance
Online Applications & Operations
With us, your customers can:
- Apply for L/C, collection, or guarantee – all online
- Issue payment request, accept/reject discrepancies, or access overview of credit limits for trade finance transactions
- Request financing or discounting
- Enjoy simplicity and clear information architecture
Progress Tracking
Let your customers:
- Have 24/7 access to information about the product
- See all actions related to an application (who & when: applied, modified, authorized)
- Save time on visits to the branch
What you can achieve with us?
Optimize costs and get an online distribution channel
Increase profit margins by optimizing operating costs and enhancing distribution. Comarch Trade Finance software allows you to digitize your entire front office operations. You can reduce costs of branch services, paper archives, or trade advisory. Plus, improve your business processes to save operating time.
Make a quick start and add things as you go
Comarch Trade Finance software ensures flexibility and quick time-to-market, thanks to modular architecture. This means you don’t need to implement some huge monolithic structure to start doing business online. With us, it’s possible to pick which trade finance products are to be digitized first and take it from there. For instance, if your biggest transaction volume comes from the exporter side, it’s possible to implement Export Letters of Credit and Export Collections only.
Become a mature digital organization
Provide a secure digital environment for your customers. With the Comarch Trade Finance system you not only go digital, but also get top-notch technology, cyber security and compliance with the newest ICC regulations and SWIFT standards.
Open up and provide more
With our Marketplace solution in the Trade Finance system, you can extend your offer by any trade-related products and services. Grow organically and build scale via digital channels. Display marketing content and bundled services creating a one-stop shop for your trade customers.
What we are proud of?
Award granted as part of "Best Corporate/Institutional Digital Banks In Central & Eastern Europe 2018" contest – to ING Bank Śląski for exceptional trade finance IT tools developed by Comarch.
Comarch Trade Finance software customer stories
Comarch Trade Finance at Raiffeisen
Raiffeisen Bank Polska required a modern solution to manage a growing number of trade finance products as well as an overwhelming amount of related paperwork. As processing these products in the old way of exchanging e-mails or sending faxes, delivering documents in hard copies, and signing issuance orders in pen could no longer cut the mustard, the bank has come forward with a concept of digitizing the process. That's where Comarch stepped in.
