Transparent

Efficient

Audit-proof

The challenges of Foreign Trade business

Transparency throughout the whole process is the key to successful documentary business. For corporates who deliver or receive products internationally, complex and risky commercial transactions are a part of regular daily business. In order to provide proof of proper and timely delivery of the products, and to secure payment, a number of documents are required.

Process letters of credit and guarantees and manage the required documents centrally with Foreign Trade for MultiCash

Process Letters of Credit and Guarantees transparently and efficiently with Foreign Trade

The MultiCash® add-on “Foreign Trade” provides a suite of applications for documentary business, allowing you to manage the necessary documents efficiently and centrally. The solution consists of modules for import-side and export-side letters of credit as well as for guarantees, which you can mix and match to meet your requirements.

The functional scope of Foreign Trade for MultiCash

Main functions include the creation of documentary credit instructions, initiating and managing changes and monitoring the history of the transaction. Users particularly value the options to define and re-use templates and the diary management. Even if your bank is not yet able to support this type of business electronically, the MultiCash add-on ensures that the internal efficiency levels will increase. In addition, the open interfaces allow details to be transferred directly to and from the ERP system.

The functional scope of Foreign Trade for documentary business at a glance

Full transparency for your Foreign Trade business

All steps within the workflow are documented transparently, so that you have an overview of the status of all your transactions at all times. In addition, the exact chronological development of each transaction can be traced using the history function. Since reporting is of particular importance in foreign trade, a range of predefined reports are available, which can be adapted to each corporate’s requirements.

Benefits of Foreign Trade

Support of the formats for trade business according to the SWIFT-based standards of the German Banking community

Automates the exchange of documentary transactions with banks, reducing the number of paper-based processes

Increases the level of control by means of internal electronic data storage

Ensures that transaction information is always up-to-date

Supports tracking and monitoring via a detailed history function

Improves efficiency and transparency due to standardization and flexible reports

Provides audit-proof traceability, including document copies for internal use

Overview of the status of all your documentary transactions