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Trade Finance software by COMARCH

Comarch Banking Software clients

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.

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Comarch Trade Finance is a front-end platform that lets your customers apply for and manage guarantees, letters of credit, and collections.

trade finance system

What you get with Comarch Trade Finance

All in one, end-to-end: full automation and digitization of the entire trade finance process. No bank visits, less workload

Support for wide range of trade products: letters of credit, collections, guarantees – all in one place

Improved business management: intuitive information architecture leading to better decision-making

Problems we help fix

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

bank

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

customer

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

bank customer

Why we are unique

Built-in processes for product life-cycle (apply, amend, process, close)

Customer service application (banks can build process workflows and custom product application forms)

Contextual chat service: option to contact advisor while filling out application

Marketplace allowing organic growth of your offering. Display marketing content and bundled services to your trade finance customers

Online application forms compliant with ICC and SWIFT standards. State-of-the-art technology and UX ensured by over 20 years of experience in corporate banking

Flexibility guaranteed. Pick which product you need to digitize, go live first and build on what you have next

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

online application

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

approval

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.

reduce costs

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.

finance system safety

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.

finance market place

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.

finance system modules

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.

bank award

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.

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logo raiffeisen polbank

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