Trade Finance Software | 2023 Trade Finance Global Treasury Management Hub

Trade Finance Global
    • Themes

      • Trade

        Do you want to know how access to trade finance can increase your cross-border imports and exports? Explore our Trade Finance hub for practical tools.

        Treasury

        Are you a treasury or operations manager looking to mitigate the risks and efficiently manage your business’ cash flow? If so, check out our Treasury Management hub.

        Payments

        Whether you want updates from infrastructure support to cross-border transactions or clearing house operations to processing techniques, you can find all on our Payments hub.

        Letters of Credit

        Ready to to increase your imports / exports to guarantee the payment and delivery of goods? Find out more about LCs here.

        Shipping & Logistics

        Whether you’re transporting goods, or learning about supply chains, warehousing, transportation and packaging, we’ve got you covered.

        Incoterms

        Need to know which International Commerce Term is right for your needs? Explore our curated guides from shipping expert Bob Ronai.

        Sustainability

        Prioritising sustainable supply chains? Building inclusive trade? Working towards the UN’s 2030 SDGs? Read the latest on global sustainable standards vs green-washing here.

        Customs

        Heading into international markets? From the correct documentation to standardisation, here’s what you need to know for a streamlined customs clearance process.

        TradeTech

        TradeTech is rapidly evolving to help reduce some of the biggest challenges when it comes to trade. Keep up with these innovations here.

        View all

    •  

       

    • News & Insights

      • News

        The latest in Trade, Treasury & Payments - stay up to date on all the changes across the globe.

        Magazines

        The issues feature experts across the industry on the latest developments with specific themed and regional editions.

        Articles

        Insights by the industry, for the industry. These include thought leadership pieces, interview write ups and Q&As.

        Guides

        Working closely with industry experts and trade practitioners we provide inclusive educational guides to improve your technical knowledge and expertise in global trade.

        Research & Data

        We undertake qualitative and quantitative research across various verticals in trade, as well as create reports with industry association partners to provide in-depth analysis.

        Trade Finance Talks

        Subscribe to our market-leading updates on trade, treasury & payments. Join the TFG community of 160k+ monthly readers for unrivalled access in your inbox.

    • Media

      • Podcasts

        Welcome to Trade Finance Talks! On our series we hear from global experts in trade, treasury & payments.

        Shorts

        Enjoy our bite-sized video content for insights on-the-go with our short VoxPop & summary series.

        Webinars

        Experience the true nature of the TFG community through panel discussions on the latest developments - engage with questions.

        Videos

        Join us as we interview leaders in international trade, treasury, payments and more! Watch and learn.

    • Events

      • Partner Conferences

        We partner with industry conferences around the world to ensure that you don’t miss out on any event; in person or online, add to your calendar now.

        Women in Trade, Treasury & Payments

        Get involved in our most important campaign of the year, celebrating the achievements of women in our industry and promoting gender equity and equality.

        Awards

        Our excellence awards in trade, treasury, and payments are like no other. You can't sponsor them, and they're independently judged. They are the most sought-after industry accolades.

        Online Events

        Join our virtual webinars and community events. Catch up on-demand, right here on TFG.

    • Editions
    • Finance Products

      • Trade Finance

        Trade finance is a tool that can be used to unlock capital from a company’s existing stock, receivables, or purchase orders. Explore our hub for more.

        Invoice Finance

        A common form of business finance where funds are advanced against unpaid invoices prior to customer payment

        Supply Chain Finance

        Also known as SCF, this is a cash flow solution which helps businesses free up working capital trapped in global supply chains.

        Bills of Lading

        BoL, BL or B/L, is a legal document that provides multiple functions to make shipping more secure.

        Letters of Credit

        A payment instrument where the issuing bank guarantees payment to the seller on behalf of the buyer, provided the seller meets the specified terms and conditions.

        Stock Finance

        The release of working capital from stock, through lenders purchasing stock from a seller on behalf of the buyer.

        Factoring

        This allows a business to grow and unlock cash that is tied up in future income

        Receivables Finance

        A tool that businesses can use to free up working capital which is tied up in unpaid invoices.

        Purchase Order Finance

        This is commonly used for trading businesses that buy and sell; having suppliers and end buyers

        View all

    •  

       

    • Sectors
    • Case Studies

      • Informing today's market

        Financing tomorrow's trade

        Soft Commodities Trader

        Due to increased sales, a soft commodity trader required a receivables purchase facility for one of their large customers - purchased from Africa and sold to the US.

        Metals Trader

        Purchasing commodities from Africa, the US, and Europe and selling to Europe, a metals trader required a receivables finance facility for a book of their receivables/customers.

        Energy Trading Group

        An energy group, selling mainly into Europe, desired a receivables purchase facility to discount names, where they had increased sales and concentration.

        Clothing company

        Rather than waiting 90 days until payment was made, the company wanted to pay suppliers on the day that the title to goods transferred to them, meaning it could expand its range of suppliers and receive supplier discounts.

        View all

        Get Trade Finance

        Informing Today’s Market, Financing tomorrow’s Trade.

    • Get Trade Finance
  • About Us
  • Talk To Us
Australia France Germany Hong Kong India Ireland Japan Netherlands Singapore Spain United Arab Emirates United States United Kingdom
Trade Finance Global
Sign in Subscribe
Trade Finance Global
Australia France Germany Hong Kong India Ireland Japan Netherlands Singapore Spain United Arab Emirates United States United Kingdom

Trade Finance Software

Last updated on 28 Jul 2024
10 Sep 2018 . 1 min read

Basics Overview

Risk & Finance

Financial Analysis

Solutions

Robin Abrams
Robin Abrams is the COO of Trade Finance Global (TFG), the leading fintech platform for the trade and receivables finance industry. TFG focuses on cross-border trade, correspondent banking, and payments. Robin is also Chair of Banking & Finance Policy at the FSB, and sits on the Trade & Investment Taskforce for the B20.

Access trade, receivables and supply chain finance

We assist companies to access trade and receivables finance through our relationships with 270+ banks, funds and alternative finance houses.

Get Started

Content

    Trade Finance Software

    The use of trade finance within treasury management can help business to free up cash via factoring. These types of transactions have traditionally been difficult to manage due to the amount of paperwork required to carry them out. Fortunately, in the modern day, this is becoming much easier for businesses to accomplish due to the emergence of helpful trade finance software solutions.

     

    Trade finance software

    Advantages of Trade Finance Software

    Technology and software solutions are changing the nature of trade finance transactions across the world. There are many different types of trade finance banking solutions, each of which has been designed to help businesses manage all areas of their supply chain financing processes. Below are some of the advantages of different types of trade finance software

    • They can automate and centralise trade finance processes

    Many Trade Finance software solutions offer businesses automated processing of import and export documentation, remittances and negotiation.

    • They aid compliance

    Software packages include functions that ensure all transactions comply with SLAs

    • They allow for efficient document tracking and updates

    The use of digitised software aids transactions as all documents are easily tracked, and transactions happening over long distances are sped up.

    Commonly Used Trade Finance Software

    Below is a list of some of the most commonly used Trade finance software tools and their features.

    Finastra Transaction Banking Solutions

    Finastra is a big player in the banking world and its software offers business:

    • Secure exchanges of trade payment and information
    • Automation and Workflow orchestration
    • SWIFT connectivity for interbank communication

    ICS BANKS® Trade Finance System

    The ICS trade finance system is equipped to deal with a range of trade finance requirements, including:

    • Import and Export Letters of Credit
    • Guarantees for shipping
    • LTR (Loans against Trust Receipts)

    This ICS system also integrates with their BANKS BPM® software for effective workflow management.

    CREDOC Trade Finance system

    The CREDOC system helps business to streamline trade finance transactions and features:

    • Documentary credits processing capabilities
    • Guarantees, loans and fund transfer functions
    • Web-based in and out messaging capabilities for effective communication

    Trade Finance and Blockchain

    Blockchain is arguably one of the biggest advancements in trade finance technology to date. Although still in its infancy, interest in blockchain for processing trade finance transactions is growing.

    In 2016, Barclays became the first bank to utilise blockchain technology in trade finance and many major banks have since followed suit. You can read more about successful use cases here.

    Blockchain looks set to revolutionise the industry and allow business to process transactions with ease.‘Smart contracts’ – an innovation in blockchain technology – has allowed developers to build blockchain applications perfectly suited to trade finance processes which can help traders to ensure secure transaction with maximum transparency and high traceability.

    The system also allows for transactions to be processed internationally with the same ease and speed that a local transaction is processed and without the fees associated with transferring Fiat currencies across borders.

    One of the main benefits of blockchain technology is the speed at which transactions can be processed. This could be beneficial for treasury management as it can shorten the process of factoring to improve liquidity.

    Speak to our trade finance team



    Back to Top