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What is Oracle Banking Trade Finance?

Oracle Banking Trade Finance offers a comprehensive solution designed to efficiently oversee trade finance operations in a cohesive way. This robust platform includes thorough end-to-end capabilities for an array of trade financing products, such as documentary credits, guarantees, and documentary collections. By centralizing the processing of these various instruments, it ensures that transactions are managed seamlessly. With full compliance to UCP 600, ISP98, and URDG 758, the system features automated workflows that support auto accounting, settlement, messaging, taxation, brokerage, interest, charges, and commissions, leading to a standardized processing experience. Moreover, it facilitates effortless transitions across different channels and presents a user-friendly interface that can be tailored to specific needs, bolstered by a wide range of open APIs that promote flexibility and integration. This level of adaptability is essential for organizations aiming to enhance their trade finance operations effectively, allowing them to respond swiftly to market changes and customer demands. Overall, the solution not only streamlines processes but also empowers businesses to achieve higher efficiency and productivity in their trade finance activities.

What is MODIFI?

Collaborations in payment processes have become seamless for both buyers and sellers. Through the Hub, users can effectively manage, improve, and achieve their trade goals with minimal effort. You can easily collaborate with your customers and suppliers on all aspects related to trade activities. By confirming trades online in one centralized platform, you can streamline your operations, saving valuable time and energy. Staying updated ensures that you won’t miss any crucial notifications! MODIFI's advanced shipment tracking feature allows you to monitor all shipments directly from the Trade Hub. Every transaction, along with its important details, is readily available on a single page, keeping you informed at all times. This includes instant access to invoices, buyer details, shipment information, and key timestamps. The process of generating invoices for international transactions can often be cumbersome, especially when using generic tools like Excel or typical accounting software. Moving to a specialized platform not only improves your efficiency but also enhances the accuracy of your trade documentation management. Ultimately, embracing tailored solutions can lead to a more streamlined and effective trading experience.

Media

Media

Integrations Supported

RadiantOne
WinBill

Integrations Supported

RadiantOne
WinBill

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

Oracle

Date Founded

1979

Company Location

United States

Company Website

www.oracle.com/industries/financial-services/banking/trade-finance/

Company Facts

Organization Name

MODIFI

Date Founded

2018

Company Location

Netherlands

Company Website

www.modifi.com/us/trade-platform

Categories and Features

Categories and Features

Shipment Tracking

Alerts/Notifications
Delivery Estimate
For Freight
For eCommerce
Status Tracking
Website Integration

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