Trade Finance requires financial institutions to effortlessly address the various challenges involved in each of the trade finance lifecycle stages, simultaneously complying with pertinent regulatory processing standards such as UCPDC – 500 and URC-525. Hexaware’s Trade Finance solutions aim to eliminate manual processes for faster and secure exchange of documents. Our solutions reduce operational expenses and allow banks better risk management, ensuring better service to clients through faster/safer transfer of money/documents.
Solutions
Our Trade Finance practice offers the following solutions
Solution Framework
- L/C Management: Facilitates opening of an L/C and processing it on a web-based application in accordance with Government rules & regulations addressing all the terms & conditions agreed by buyers/sellers
- Payments/Collections: Ensures proper and safer presentation of invoices/documents and facilitates proper payments and collections under international regulation
- Trade Document Management: Builds document inventory and efficiently manages operations like document production, storage and distribution in a central secure location
- Imp/Exp Finance: Empowers banks operations to execute finance operations for importers and exporters
- Trade Financing: Provides collaborative platform for banks, buyers and sellers and facilitates arrangement of trade financing
- Arbitration: Manages issues related to discrepancies leading to arbitration under International Chamber of Commerce (ICC)
- Document Examination: Verifies terms and conditions mentioned on Letters of Credit and other trade-related documents by electronic check of documents
Value Proposition
- Performance: Our solutions provide faster transactions of documents/money reducing transaction time and hence improving a system’s overall performance
- Product Competencies: We offer end-to-end services for implementing the leading trade finance products
- Provide Best Technology and Practice: We possess strong domain knowledge in Trade Finance areas and offer best technology and practices to enhance trade financing systems
- Low Cost of Ownership: Hexaware reduces overall cost of implementation and maintenance to achieve high returns on investments
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