Technology Evaluation and Integration Services

The technology underlying today’s Trade Banking is complex by necessity to support a complex and rapidly changing business. Going forward, the trend is towards even greater integration with customer front ends, back-office systems, imaging and workflow, customers, 3rd party service providers, and outsourcers/insourcers. Often the specialized knowledge and skills to perform these integration projects is not readily available in-house. TradeEvolution can augment your staff, or take full charge of integration projects, to insure that the bank achieves its underlying business objectives.

The following are some of our key System's Evaluation and Integration Services offered by TradeEvolution:

4 Customer Front End

4 Back-Office Systems

4 Imaging and Workflow

4 Customer Integration

4 3rd Party System's Integration (New Offerings)

4 Outsource/Insource Integration

Customer Front End

The primary goal of a customer front-end is to increase customer satisfaction. The features and capabilities for which the specific front-end was selected, will only deliver the promised improvements if the integration to the back office is designed and executed properly. TradeEvolution consultants have experience in building and implementing numerous customer front-end solutions. And more often the case these days, is the requirement to integrate new service offerings such as document preparation and purchase order management to existing front end solutions. From this we bring deep experience and knowledge in internet technologies, security, middleware, and back-office trade systems to realize the expected value from your investment.

Back-Office-Systems 

Whether you are implementing a new back-office system, or adding new interfaces, TradeEvolution consultants are experts in this area. Our founders have been developing industry leading back-office systems for over twenty years and have deep expertise in all facets of development and integration to external bank systems. Whether it is building or implementing a new purchase order module, adding in a receivables financing solution or building an imaging and workflow solution, we have the experience required to support your project at any level of detail required.

Just a few of the interfaces we have had experience integrating with include:

• SWIFT In/Out

• General ledger

• Limit systems

• Payment systems

• Customer file

• MIS systems

• Account systems

• Nostro systems

• Funds control systems

• Compliance systems

• FX Systems

• Account analysis systems

• Accounts receivable

• Loans systems

Imaging and Workflow

Workflow and imaging can enable a more flexible approach to the bank’s operations model, allowing for a separation of customer facing units and back-office processing units. And having the ability to share imaged documents with your export and import customers can further enhance your service capabilities to them. TradeEvolution consultants have extensive experience in building and integrating embedded imaging and workflow in a global trade finance platform, allowing front-offices around the globe to be processed centrally in one back-office hub. In fact, many of the top trade bank existing imaging and workflow solutions have been developed by TradeEvolution resources. 

Customer Integration

Increasingly customers are requiring their banks to provide or receive data in an electronic format. Letter of Credit advisement data is routinely desired for document preparation by the exporter. Importers want to send the bank purchase orders electronically for inclusion in the letter of credit application. These are but two examples of many. There are various means to accomplish these interfaces. TradeEvolution has extensive experience with customer interfaces to help you determine the best method for your situation and implement it.

3rd Party Integration (New Offerings)

There are many services that are now being offered by banks that do not fall within the bank’s core competencies, but provide high value to its customers when integrated with banks systems. Typically these are obtained from a 3rd party solution provider specializing in that product. Examples are:

• Document Preparation

• PO Management

• Cross Border Compliance Checking

• Receivables Financing

• Open Account Solutions

Integrating these services so that overall processes are streamlined and the customer and the banks receives high value depends on a thorough understanding of both the customer and bank processes. TradeEvolution has the experience and knowledge from integrating supply chain solutions to help you capture the highest value from your investment.

Outsource/Insource Integration

Insourcing can be a highly complex process with many components to oversee (legal, technology, operations, business). The process requires strong engagement management ideally from experts that have been through the process before. How will the banks existing systems be integrated? Are your prospective clients willing to go forward with a standard solution or are there customizations that have to be made? How do you manage this integration process and project without using so much internal capacity that you cannot bring on other banks in a timely manner? TradeEvolution can help banks bring on insourcing clients more quickly and provide an independent presence to help mitigate issues that can often develop with any complex in/outsourcing initiative.  

Whether you are outsourcing or insourcing, there will be interfaces to build, customizations to be made and data centers to securely connect together. TradeEvolution consultant’s have decades of experience in trade systems integration. In addition, TradeEvolution has extensive experience with the communications, middleware, and accompanying technologies to implement these interfaces between the banks. See Back-Office Integration above for further details regarding integration within the outsourcing banks back-office.