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What is Newgen Trade Finance?

Optimize and unify standard trade finance processes, which include handling documentation for both imports and exports, managing negotiation procedures, creating quotations, and overseeing remittance tasks. Maintain adherence to service level agreements and regulatory requirements by implementing checklists, diligently tracking credit documents, and instituting strong internal controls. Furthermore, extend the availability of trade finance services to accommodate lower-volume branches, thereby expanding operational capacity. Enable transaction initiation through various channels, such as a web portal, mobile applications, or direct visits to branches. Streamline the collection and input of customer information from the core banking system to boost operational efficiency. Limit the checking of availability to pinpoint and reserve limits, while delivering transaction-specific limit utilization insights. This comprehensive approach will ultimately enhance liquidity by releasing cash that would typically be caught in a convoluted supply chain. Consequently, businesses can improve their operational efficiency and better adapt to changing market demands, fostering growth and resilience in an evolving economic landscape.

What is Comarch Trade Finance?

For years, trade finance products have relied on intricate processes grounded in physical documentation. It’s time for a transformation. Comarch Trade Finance simplifies the provision of financing and risk management solutions for banks, enabling them to better serve their clients. Through this platform, customers can conveniently apply for and oversee letters of credit, guarantees, and collections. The entire trade finance workflow can be streamlined and digitized within a single interface. It encompasses all trade finance offerings: letters of credit, collections, and guarantees, all easily accessible. Enhanced business management is achieved through a user-friendly information structure, which facilitates improved decision-making. Additionally, a contextual chat feature allows users to connect with an advisor while completing their application, ensuring support is readily available. This innovative approach not only boosts efficiency but also fosters stronger relationships between banks and their customers.

Media

Media

Integrations Supported

Additional information not provided

Integrations Supported

Additional information not provided

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Newgen Software

Date Founded

1992

Company Location

India

Company Website

newgensoft.com/solutions/industries/financial-institutions/trade-finance/

Company Facts

Organization Name

Comarch Financial Services

Date Founded

1993

Company Location

Poland

Company Website

www.comarch.com/finance/banking/trade-finance/

Categories and Features

Categories and Features

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