Trade automation to transform service - Operational excellence in trade finance
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FusionBanking Trade Innovation
Software overview
Operational excellence
in trade finance
Trade automation
to transform service
“To ensure continued success in Asia and to support our domestic clients more effectively we needed greater collaboration, automation and operational consistency across our trade finance business. The implementation approach allowed us to get up and running on the platform very quickly across our Asian business and is enabling National Australia Bank to have a standard operating model across the region and for the global business. We are constantly looking to improve the way we deliver new products and services to our clients. Misys gives us the flexibility to do this.” Mark Borton Head, Product Management Asia, Global Transaction Banking, National Australia Bank
Translate efficiency into growth
FusionBanking Trade Innovation promises more
than efficiency gains. It combines centralised
control and straight-through processing (STP) for
trade and supply chain finance to deliver superior
service level agreement (SLA) management. It can
help you transform trade operations to improve
margin, win on client service, and capture new
opportunities in working capital finance.
New trade dynamics, capital and Trade banks with multi-regional
funding pressures, and evolving processing requirements can relocate
corporate supply chains are redefining operations to lower cost centres to
trade finance. How can you deliver a achieve cost reduction and economies
new operating model to improve margin of scale. The system’s customisation
and capture new global opportunities? toolkit allows local adaptations to be
made to augment and extend
FusionBanking Trade Innovation
preconfigured and centrally
supports the broadest range of
managed workflows.
traditional trade and supply chain
finance instruments, on a single The solution is fully integrated with the
platform for business transformation. trade and supply chain finance modules
More than 200 banks use it to of Misys FusionBanking Corporate
reduce costs, increase productivity, Channels to achieve complete STP
broaden their product range, and from front-end online and mobile
improve client retention. channels, to back-office operations.
With FusionBanking Trade Innovation Many users have increased trade
you can achieve a single, global view of volumes by more than 50% and
all customer dealings with the bank and reduced costs by 80% across their
use this insight to offer best-in-class trade finance operations. Misys
service and risk management. With reduces time to market and project
improved automation and transparency risk with its proven model bank
you can define SLAs for individual implementation methodology and
clients to gain a competitive advantage. trade finance expertise.
Misys FusionBanking Trade Innovation | Software overview 3FusionBanking Trade Innovation in action
Tier-one bank transforms front-to-back trade
operations across 26 countries
“The unique model bank A global bank wanted to centralise To accelerate results, the bank adopted
methodology allowed Misys to governance of its trade finance business, the Misys model bank implementation
relocate processing to lower cost hubs approach. The system went live at the
demonstrate a structured best
and reduce IT and staff overheads. It Asian hub within a year.
practice approach to the was struggling to meet client SLAs and
As the bank deploys the solution
automation of bank trade needed to find a proven solution that
across multiple geographies, IT costs
finance business.” had sufficient flexibility to meet local
are projected to be cut by 25%,
requirements and the scalability to
Global Head Trade and Working Capital along with an 80% reduction in
support its expansion into Asia.
Solutions, Tier-one European bank operational overheads.
The bank chose FusionBanking Trade
Innovation, along with the trade module
of FusionBanking Corporate Channels.
4 Misys FusionBanking Trade Innovation | Software overviewFusionBanking Trade Innovation
Advanced workflow management
Software development kit Global/regional processing
› Workflow orchestration › 24/7 processing
› Extended customisation › Team reallocation
› Screen tailoring › SLA Dashboard FusionBanking
Corporate
Channels
Trade and Financial Supply Chain Management
FusionFabric Connect
Trade services
Cash
Financial supply
Traditional trade management
chain management
FX/Treasury
FusionCapital
services
› Letters of credit › Approved payables finance
› Collections › Invoice discounting
Mobile banking
› Standbys and guarantees › Clean payments
› Participations › Open Account/
› Shipping guarantees Bank Payment Obligation
› Cash letters
› Reimbursements
Core platform
› Reporting › Fees/charging › Imaging › Archiving › Accounting
› Interfaces: SWIFT, watchlist checking etc
The bank’s business case for Trade Finance transformation
Improved efficiency Global processing Systems consolidation
and operational drives labour relocation leading to IT costs
margin by and cost savings of reduction of
20-30% 80% 25%
Source: In-house cost-benefit analysis – European tier-one bank
Misys FusionBanking Trade Innovation | Software overview 5The FusionBanking Trade Innovation advantage
Misys FusionBanking Trade Innovation transforms
trade operations to drive growth in domestic and
cross-border trade and supply chain finance.
The system is designed with the working capital
needs of buyers and suppliers in mind so you can
lead the competition with service quality, focus on
relevant and timely product delivery, and gain a
single management view of your entire trade
finance business.
Reduce operational cost Optimise your operating model
Eliminate operational risks and reduce Alter workflows quickly and easily to
the costs of manual processes with route transactions efficiently at each
centralised resources and processing to stage of the lifecycle. You can reallocate
increase operating margin. work across geographical locations to
cover peak times, and implement “follow
Customer service excellence
the sun” processing to increase
Win and retain trade finance business
productivity and deliver the individual
with a reputation for service excellence.
processing requirements of your clients.
Deliver best-in-class SLAs on a client-
by-client basis, manage these across Scalable working capital finance
your entire business, from a central programmes
location, and become more responsive Support the liquidity and working
to clients with total workflow control. capital needs of exporters and
importers. Alongside traditional trade,
you can offer pre-shipment finance
services to innovate in product delivery
and deliver scalable supply chain
finance programmes that are managed
alongside your trade operations.
6 Misys FusionBanking Trade Innovation | Software overviewGlobal visibility, and risk oversight “We chose Misys because its
Manage risk across your entire trade offering combines the strength
finance business. Centralised trade
of the back-office processing
operations combined with credit risk,
limits tools and watchlist integration system, FusionBanking Trade
delivers a single platform to view and Innovation, with the online
manage risk. delivery console provided by
Front to back integration FusionBanking Corporate
FusionBanking Trade Innovation routes Channels trade portal. The
messages from customer channels into
integrated system will
back office workflows with full STP. The
system can be deployed in unison with contribute greatly to the
the FusionBanking Corporate Channels efficiency of our operation and
trade portal solution, or any other assist us in maintaining the
in-house or third party system.
level of customer satisfaction
Reduce time to market on which we pride ourselves.”
Benefit from our experience, with a
proven implementation approach that Tarja Pitkänen
includes off-the-shelf business Head of cash management, Pohjola Bank
workflows for trade, reflecting 20 years
of successful trade services
implementations. You can use standard
business processes as a baseline, and
our customisation toolkit to adapt as
business priorities evolve. This also
promotes a “build once, deploy many
times” approach for more rapid multi-
branch roll-out.
Misys FusionBanking Trade Innovation | Software overview 7Product capabilities
FusionBanking Trade Innovation is designed to
scale with your trade finance business and puts the
needs of your corporate clients at the heart of your
operating model. A comprehensive set of trade
finance and supply chain finance applications
support traditional trade finance, open account
and supply chain finance services.
Core processing Global/regional processing
The core back office system delivers This delivers the standardised
accounting, fees and charges, risk and processing and customisation needed
limits management, custom reporting, to deliver best-in-class multi-region
archiving, imaging, SWIFT payments, trade services, all with a single view of
batch uploads (automatic or manual) global operations. It ensures service
and interfaces to business applications consistency across countries, and
and processing modules. allows local compliance or legal
requirements to be met, while
Traditional trade finance
keeping costs under control.
FusionBanking Trade Innovation
supports the most comprehensive set SLA dashboard
of traditional trade instruments with an Customisable and interactive
intuitive interface for the management dashboards allow you to take control
of letters of credit, standbys and of the SLA management process across
guarantees, collections, participations, the entire business and to monitor
reimbursements, cash letters and client programmes or transactions.
bankers’ acceptances.
Risk management
Working capital finance With dedicated credit risk management
With a consolidated view of your tools for trade finance you can automate
trade finance business you can also credit approvals and flag violations.
implement pre-packaged and Real-time services also allow integration
configurable workflows for buyer and with credit limit systems, such as
supplier centric supply chain finance FusionRisk Credit and specialist systems
programmes, covering approved such as FusionBanking Loan IQ for
payables, invoice discounting and pool advanced collateral management.
based factoring.
8 Misys FusionBanking Trade Innovation | Software overviewTechnical highlights
FusionBanking Trade Innovation is delivered on the
latest technology and with a modern customisation
toolkit to give you the control and accessibility you
need across your evolving trade finance business.
Software Development Kit (SDK) Access anywhere
FusionBanking Trade Innovation allows Benefit from a platform independent
you to customise workflow JEE-based architecture with a web-
orchestration, for example to integrate based user interface. This allows both
with external workflow engines and local and remote access and supports
watch lists, and include Know Your the hubbed approach, where hardware
Customer and facilities checking. You and operational support are centralised
can augment the platform with system but end users are geographically
tailoring tools to meet your precise spread across branches, regions or
local and regional client and continents.
compliance requirements.
Fusion Banking Trade Innovation
modules are fully integrated with
the trade and supply chain finance
applications in FusionBanking
Corporate Channels, the client
facing online and mobile platform.
Misys FusionBanking Trade Innovation | Software overview 9Professional services and customer support
An industry proven best practice approach – that’s
the guiding principle of our professional services and
support model. Misys clients benefit from our long
track record of successful implementations.
“We appreciated the SAG Best-practice delivery Customer support
service that provides a direct The delivery of FusionBanking Trade Misys clients benefit from the expert
Innovation is supported by the Misys knowledge of 1000+ resources
and effective communication
model bank approach which allows you worldwide whose primary function
channel between banks and to leverage best practice workflows in is to provide professional, scalable
the system vendor (Misys).” the design, development and quality software support and maintenance.
assurance of your trade solution. While
Mr. Tang Yong Feng Deep domain expertise: Our technical
we acknowledge that one size doesn’t
Team leader, Treasury Systems – and application support people have
fit all, we know that a delivery approach
China Minsheng Banking Corporation strong industry and product knowledge
that focuses on industry proven best
with continuous technical and industry
practice process models helps our
training programs to ensure that Misys
clients to save costs and benefit from
support teams can meet your evolving
the institutional knowledge Misys has
business needs.
developed across thousands of
successful implementations. It means: Scalable support model: As a Misys
client, you can choose from a standard,
••Faster implementation: Repeatable
professionalised support model or a
delivery means projects are shorter
specialised, premium support package
and more predictable.
depending on your needs. Because
••Reduced TCO: Clear focus avoids
Misys support has a broad, global
unnecessary expenditure.
footprint that operates in all time
••Less risk: A standard, proven
zones and regions, Misys teams can
approach means many risks have
scale to your requirements.
already been mitigated.
Valuable advisory services: Our
Systems Advisory Group (SAG)
Centre of excellence
provides system reviews to help clients
Co-located with our development
understand how to use their Misys
teams, the 200-strong Misys Service
systems more effectively and derive
Delivery Centre ensures that we share
maximum value from their applications.
best practice both internally and with
partners. It enables us to refine
implementations offsite before
taking them back to the client.
SAG reviews have helped more than 80% of
participating customers to identify ways to
utilise their Misys software more effectively
and use more system functionality.
10 Misys FusionBanking Trade Innovation | Software overviewProven award winning solutions
Global Trade Review 2013
Winner: Best Trade Finance Software
Euromoney Trade Finance Awards for Excellence
Winner: Best trade finance tech-solutions company
Trade and Forfaiting Review Gold Medal:
Winner: Best trade finance software vendor
Banking Technology Awards 2013
Winner: Best Payments Product or ServiceAbout Misys
Misys is at the forefront of the financial software industry, providing the broadest portfolio of banking, Corporate headquarters
capital markets, investment management and risk solutions available on the market. With more than One Kingdom Street
2,000 customers in 130 countries our team of domain experts, combined with our partner eco-system, Paddington
have an unparalleled ability to address industry requirements at both a global and local level. We connect London W2 6B
systems, collect data and create intelligent information to drive smarter business decisions. To learn United Kingdom
more about how our Fusion software portfolio can deliver a holistic view of your operations, and help
T +44 20 3320 5000
you to solve your most complex challenges, please visit misys.com and follow us @MisysFS on Twitter.
Misys and the Misys ‘globe’ mark are trade marks of the Misys group companies.
© 2014 Misys. All rights reserved.
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