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IBSnet

Mid-Volume Back-Office Trade Finance System


Benefits
  • Double transaction volume throughput without increasing headcount
  • Achieve industry-leading straight-through processing (STP) rate of over 90%
  • Reduce operating costs by 30% via increased efficiency
  • Limit operational risk via credit and operational control
  • Capture customer business flows by delivering end-to-end online service
  • Build competitive edge with innovative Web-based client access

Overview
IBSnet® is the leading Windows-based back-office trade finance solution for banks. IBSnet enables users to process a full complement of trade finance transactions including commercial and standby letters of credit (L/Cs), collections, payments, guarantees and all means of financing.

Enabling feature enhancements and modifications at unparalleled speed, IBSnet ensures maximum security and scalability while providing optimal performance. IBSnet is a totally configurable application that reduces turnaround time for transaction processing, leading to dramatic productivity gains.

Conforming to major international regulations – including UCP600, URR525 and ISP98 – IBSnet helps banks meet evolving trends such as supply chain finance (SCF). IBSnet fully integrates with allNETT, Surecomp's Web-based remote customer front-end system.

Advantages

  • Multi-branch platform – enables several branches to share the same database located at a central point, while viewing, processing and reporting only their own transactions
  • Flexible configuration – offers unrivaled flexible configuration capabilities such as enabling a bank to add an unlimited number of extra fields and split existing transactions into any number of subtypes
  • Comprehensive reporting facilities – offers a range of comprehensive reports including pre-defined production reports, reports on demand, and automated batch mode reports supporting daily, weekly, monthly, quarterly or annual intervals
  • Productivity/workflow capabilities – supports transaction routing and provides comprehensive workflow statistics that allow for the easy creation of reports on worker productivity, bottlenecks and work in progress
  • Straight-through processing (STP) – enables STP via production of all outgoing trade- and payment-related SWIFT messages, and mapping of all such incoming messages that arrive via SWIFT Alliance or similar systems
  • Transaction accounting/payments – offers complete multi-currency accounting within each module, allowing for automated payments under any transaction or via a stand-alone payments system
  • Rich database resource – utilizes leading industry databases and the most widely used SQL report writers
  • Web-based front end – integrates seamlessly with allNETT, Surecomp's Web-based customer front-end trade finance system