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Wednesday, July 21, 2010

What is Eximbills Enterprise

Eximbills Enterprise is an integrated system that audits and automates the complete cycle of trade finance and payment  transactions, in real time and in accordance with SWIFT and UCP standards. This allows for a rapid yet comprehensive installation for banks wishing to implement on a strict time scale.The system significantly reduces the processing cost per transaction by automatically creating records from incoming SWIFT messages, passing accounting entries, producing customer advices, and making payments with little or no user intervention.

This system enables an institution to analyse overall exposure,productivity and profitability. Data verification and transactional status control, which occur throughout the transaction’s life cycle,help increase accuracy, productivity and reduce the risk of processing errors, as Eximbills Enterprise is able to automatically
calculate commissions, foreign exchange equivalents and liabilities. Turn around time for an Import Letter of Credit can be reduced by over 40%, with institutions seeing productivity gains of 200%. Management also benefits due to the reduction in  paperwork and the provision of accurate and timely reporting.

Designed using J2EE technology (Java 2 Platform Enterprise Edition) for building Web-based enterprise applications, Eximbills  Enterprise runs on a very robust technological platform that allows  banks to take their destiny into their own hands and quickly adapt  to the market’s changing business needs. This solution allows  banks to be completely independent from any application vendor, thereby giving them a higher degree of control over future cost  involved in the rollout of business functionality via the web.

This innovative and flexible, robust and reliable system ensures consistent and rapid exchange of internal and
external data while maintaining the highest level of security and accountability. With its thin-client processing that is completely cross-platform, Eximbills Enterprise allows banks and other parties to access services such as trade finance, through Web server technology provided via Internet, Intranet, or Extranet configurations and utilizes all the facilities and standards that  J2EE provides.

Source :- http://www.chinasystems.com/solutions

1 comment:

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