The first enhancement is an extended ibis s2 Trade Finance suite that encompasses the full range of trade finance services, including guarantees, letters of credit, reimbursements and collections. Through collaborative work carried out with French bank VTB, the system has been significantly upgraded to provide users with the highest level of straight-through processing dramatically reducing manual effort, while maintaining all data in real-time for maximum accuracy and efficiency.
The ibis s2 Treasury module is now a central part of the solution. By supporting the front, middle and back offices, this module enables banks to rapidly improve the quality and speed of information flowing between the departments.
ibis s2 Document Manager now seamlessly interacts with new modules such as Trade Finance and Commercial Lending, vastly reducing paperwork. This promotes the electronic storage of key documents such as contracts, shipping guarantees, and collateral documentation considerably decreasing transaction times while increasing visibility across the business. This in turn will generate improved efficiencies and reduced costs.
