Receivable Finance Management System allows corporates to better manage its sale of receivable by bringing in all its customers, banks and business units under one umbrella. The system creates an electronic communication bridge under which the stakeholders can send / receive invoice discounting request via SWIFT or specific XML formats.
Benefits for Corporates
- Real-time monitoring of bank, country and counter-party exposure
- Allow sending digital invoice data and therefore eliminate paperwork
- Automatically select the lowest price by comparing discounting arrangement with multiple financing companies
- Allow receiving invoice settlement data and therefore reduces time and cost involved in payment monitoring
Benefits for Financial Institutions
- SWIFT messaging for seamless integration with back-office systems
- Cost savings due to digital processing of transactions
- Improved efficiency in communication with corporate clients
- Ability to offer innovative trade services on top of a multi-bank trade finance platform
- Access to a targeted community to sell trade finance products and services
