Hamburg, Germany – June 1, 2015 – Surecomp®, the leading global provider of trade finance solutions for banks and corporations, announced today that SCF-PRO®, its innovative supply chain finance solution for banks and corporations, has been awarded the “SWIFT Certified Application – Supply Chain Finance” label. SCF-PRO has earned this SWIFT accreditation for two years running.
The SWIFT Certified Application program certifies selected third-party applications to ensure that they meet well-defined requirements related to SWIFT standards, messaging and connectivity. Reevaluated each year to ensure alignment with evolving customer needs, certification requirements validate the ability of a product or application to provide automation in a SWIFT environment. SWIFT is the Society for Worldwide Interbank Financial Telecommunication, a member-owned cooperative through which the financial world conducts its business operations with speed, certainty and confidence.
“We are proud that SCF-PRO has earned SWIFT accreditation once again. Enhancing cash flow management and reinforcing trade relationships, SCF-PRO delivers real value to both corporations and their trade finance banks,” said Joel Koschitzky, Surecomp Chairman. “This recognition by SWIFT is yet another vote of confidence in our cutting-edge SCF-PRO solution, which helps banks and corporations redefine and better leverage their roles in the supply chain finance cycle.”
Equipped with pro-forma invoice, accounts payable management, and finance capabilities, SCF-PRO is supported by an array of standard features including a complete BPO module, imaging, notifications and workflow. With full back- and front-office components, SCF-PRO integrates easily with existing back- and front-office environments of all main SCF players. By optimizing working capital, improving cash flow management and strengthening trade relationships, SCF-PRO benefits buyers, suppliers and the banks that serve them.
SWIFT is a member-owned cooperative that provides the communications platform, products and services to connect more than 10,800 banking organizations, securities institutions and corporate customers in over 200 countries and territories. SWIFT enables its users to exchange automated, standardized financial information securely and reliably, thereby lowering costs, reducing operational risk and eliminating operational inefficiencies. SWIFT also brings the financial community together to work collaboratively to shape market practice, define standards and debate issues of mutual interest. For more information, visit www.swift.com.
Surecomp is the leading global provider of trade finance solutions for banks and corporations. A market pioneer for over 25 years, Surecomp maintains a proven track record delivering innovative solutions worldwide. With a global network of regional offices and six state-of-the-art development centers, Surecomp successfully supports hundreds of installations in over 80 countries. Surecomp's integrated portfolio of trade finance and supply chain finance solutions streamlines the transaction lifecycle to minimize costs and maximize profits. For additional information, visit www.surecomp.com.