Toronto, Canada, 11 March 2020 – Surecomp®, the leading provider of global trade finance solutions for banks and corporates, today announced that it is uniquely positioned to help minimise the risk of COVID-19 exposure and transmission. By allowing remote access to both banking and corporate digital trade finance systems and through the elimination of paper-based transactions, Surecomp’s users are safer and better equipped to continue operating in the current climate. Enabling real-time contactless processing of bank guarantees, letters of credit and collections, Surecomp’s corporate customers can remotely apply, process, track and execute secure trade finance transactions without the need to physically leave their premises.
Surecomp’s fully integrated back and front-end trade finance portfolio adheres to the highest security, data integration and storage standards across the whole transaction lifecycle. The digital archiving of any supporting documentation such as trade contracts, invoices, certificates, bills of lading, shipping guarantees and import bills, means that customers have remote access to historical data along with real-time status updates on current applications. In addition to COVID-19 exposure, automating trade finance operations helps mitigate other risks associated with physical processing such as human error, fraud, loss, operational inefficiency and unnecessary cost.
“In light of the Coronavirus pandemic, digitizing your trade finance operations has never been so relevant,” explains Surecomp President Guy Perry. “Now more than ever, having a powerful automated solution makes sense; not only through guaranteed levels of business continuity and disaster recovery but through allowing our customers to continue offering an uninterrupted, paperless service to their clients at a time when the world is focused on sustaining operations within a safe environment.”