Atlanta-based S1 Enterprise has announced the availability of S1 Enterprise Trade Finance.

The company says its new platform offers banks traditional and innovative functionality from letters of credit (L/Cs) and guarantees to open account transactions and purchase order processing.

Building on experience

S1 Enterprise Trade Finance integrates more than a decade of experience building trade finance systems with several US banks, says the company.

The new platform claims to allow banks easy integration into customer portals and cash management solutions as well as new trade finance initiatives coming into the marketplace.

Features

The new solution delivers a multicurrency and multilingual interface for international readiness and multi-bank features for white labelling services says the company.

It says that other new features include enhanced risk management tools, secure messaging enhancements and document imaging.

Capabilities

S1 Enterprise Trade Finance claims to be capable of handling several types of L/Cs, including standby and transfer L/Cs.

Other capabilities include open account, guarantees, purchase order processing, discrepancy notifications, documentary collections, assignments of proceeds and document imaging.

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