London, UK – October 13, 2010 – Surecomp, a leading provider of global trade solutions for the financial services community, announced today that leading Dutch banking powerhouse ABN AMRO Bank NV has recently licensed allNETT, Surecomp’s web-based trade finance front-end solution for banks and their corporate customers.
allNETT is a Java J2EE web-based, 24/7 multi-customer, multi-entity solution for both initiating trade finance transactions and extracting wide-ranging inquiries and reports. allNETT makes the corporate processing of letters of credit (L/Cs) much more efficient by eliminating all manual activities previously associated with such transactions.
With allNETT, ABN AMRO will be able to react quickly to the evolving requirements of the fast- paced corporate world by offering an attractive, easy-to-learn and cost-saving solution. Acknowledged as a “green” solution, allNETT eliminates costs associated with the creation of L/Cs and guarantees and enhances the paperless office concept. The solution also speeds up critical business reporting that corporations require to remain competitive. ABN AMRO has licensed allNETT V4.0 which includes an intuitive Reporting Module, which can be used by both the Bank and their Corporate customers, an interface to the Global Filtering System (Fircosoft) and enhanced Guarantee functionality.
“In the banking industry, innovation is becoming increasingly critical for effectively responding to the needs of corporate customers in multiple locations in real time,” remarked Surecomp Chairman Joel Koschitzky. “allNETT joins the arsenal of innovative solutions at the disposal of ABN AMRO as it seeks to enhance its recognized brand name and enable its corporate customers to stake leadership positions in their respective markets.”
About allNETT allNETT, installed at more than 45 global locations, is a web-based trade finance system designed for use by a bank’s corporate and commercial customers, and optionally by a bank’s branches. allNETT allows the user, via a standard browser, to initiate transactions – including letters of credit, standby letters of credit, amendments, payments and acceptances, guarantees, clean payments and export collections – and extract a wide range of inquiries and reports. allNETT is fully interfaced with Surecomp’s IMEX, allTRA, IBSnet and DOKA solutions, as well as various third- party back-office trade finance systems. allNETT also can be operated as a stand-alone system.
Surecomp is a leading provider of global trade solutions for the financial services community. Established in 1987, Surecomp is a market pioneer with a proven track record delivering innovative solutions to major banks and financial services providers worldwide. With a global network of regional offices and state-of-the-art development centers, Surecomp successfully supports hundreds of installations in over 70 countries. Surecomp’s integrated portfolio of trade finance, supply chain solutions and treasury confirmation matching solutions streamlines the transaction lifecycle to minimize costs and maximize profits. For additional information, visit www.surecomp.com.
Surecomp’s full-range of award-winning solutions will be showcased later this year at Sibos 2010, which is to be held in the Netherlands on October 25-29, 2010, at the Amsterdam RAI convention center. 2010 will mark the 20th consecutive year that Surecomp has exhibited at the annual Sibos event. Guests at Sibos 2010 are invited to visit Surecomp at booth A239.