IBSFINtech’s Innovative Trade Finance™ solution facilitates transparent solution for all accounting complexities and helps in minimizing risk in volatile business environment both for importers as well as exporters.
Some glitches faced in Trade Finance management:
Export fluctuations’ resulting in huge impact on organizationImport issues creating accounting nightmaresBullion benchmarks resulting in daily headaches
IBSFINtech’s Innovative Trade Finance™ solution simplifies trade finance management and constantly supports the accounting department with
Implementation of complex algorithms and multi-user control mechanismsIntegration with external packages using APIsImplementation of Audit Trails and Mail MessagingSecurity features such as implementation of control measures with scheduled backups
The product seamlessly integrates with third party packages such as SAP, Tally Accounting system and other similar accounting software. And it caters to exporters dealing in diamonds, gold, cashew nuts, steel, and garments among other items as well as importers across industry verticals.
Along with rising complexities, a surge in the volume of business transactions, volatility of exchange rates and risk factors in emerging business environments make constant tracking a critical necessity. Modules which strengthen and empower Trade Finance software solution are:
The Exports Module is designed to support preparing & printing of invoices, GR1 forms for non-SEZ zones, Packing list, Bond statement for private bonded warehouse, bank covering letters for collection, PSCFC & Rupee advance, party intimation letter, bank certificates for exports, bank certificates for realizations, labels and any other documents.
The Imports module helps in Cargo arrival notice, clearance of goods, advance remittance towards capital goods, and linking advance payments while finalizing import entry. The Banking – Imports module includes access to remittance history, stock maintenance, and generates registers.
Banking – Exports Module
The Banking – Exports module helps in monitoring bill due-date, availability of credit facilities, enhancements, overdue analysis, interest calculations, interest payment history, bank commission payment history, generating outstanding position – party wise/bank-wise and managing post-shipment and pre-shipment loan requests.
Fixed Deposits Module
Fixed Deposits module helps in managing fixed deposits for investments, TDS history, TDS certificates, history of interest earnings and monitoring FD maturities.
Letter of Credits Module
The Letter of Credit, as name suggests, facilitates LC management. It helps in monitoring sanction limit, purchase vs LC linking, analysis of margin, and credit enhancements.
Buyer’s Credit Module
The Buyer’s Credit Module helps in monitoring buyer’s credit, outstanding values, and net status on maturity related information.
Gold Loan Module
The gold loan module allows calculation of margin analysis for outstanding gold loans on MTM basis. It also facilitates price fluctuation analysis, price fixation, hedging of gold loans, and history of export invoices.
The licensing module facilitates application for imprest, advance or EPCG licenses. It also helps in monitoring allocation of exports or imports w.r.t. licenses.
The reports module is included in all the above mentioned modules and helps in generation of reports from dashboards for review and monitoring purpose.
Apart from the above mentioned characteristics and capabilities of each module of Trade Finance Solution, here is the list of differentiators, why you should chose IBSFIntech’s Innovative Trade Finance™ solution over other similar solutions available in the market:
Different layers governed by need based access controls.
Controls implementation even in a multi-user networked environment enables the man agement to view & monitor online events at any desired level of the package.
Controls configured in the package enable automatic triggering of the alerts through SMS / mails on policy violations.
Audit trails to ensure accountability.
Solution is built on n-tier architecture, with object-oriented design on the latest version of Visual studio and Oracle, which enables periodic storing and restoring of data securely, easily and automatically.
Provisions to support legacy systems by providing interfaces with other packages like ‘Tally’ SAP, etc., with industry standard interface protocols.
‘Digital Dash-Board’ – to aid decision makers monitor multi-office functioning.
Dynamic reports enabled in order to curtail users’ dependence on the vendor.
Complex and customer specific algorithms required by the customer.
Talk to IBSFINtech’s Trade Finance Expert today to schedule a demo and leverage the benefits of a holistic, reliable, robust and expert Trade Finance solution.