Surecomp Earns 2012 SWIFTReady for Corporates Trade and Supply Chain Finance Label
Surecomp Services, Inc.
2 Hudson Pl., 4th Fl.
Hoboken, NJ, 07030
Press release date: September 5, 2012
Basingstoke, UK - Surecomp®, a leading provider of global trade solutions for banks and corporations, announced today that COR-TF®, its multi-bank corporate trade finance solution, has been awarded the SWIFTReady for Corporates Trade and Supply Chain Finance application label.
Recognized as the premium trade finance solution for diversified enterprises, COR-TF is ideally suited for multinational corporations working with a large number of international banks. COR-TF enables large enterprises to achieve a single view of the volume and structure of their trade finance operations, and to streamline their electronic communications with banks on a global scale. COR-TF is capable of adapting its configuration to meet even the most complex of corporate setups.
COR-TF supports the automated handling of import and export L/Cs, outward and inward collections, and guarantees. Offering real-time information management at freely selectable aggregation levels across the corporation, COR-TF significantly reduces operational risk and accelerates business processing.
"Working with the leading industry vendors, SWIFT grants SWIFTReady certification to solutions that adhere to SWIFT's messaging standards in trade and supply chain finance," said André Casterman, Head of Banking and Trade Solutions at SWIFT. "By certifying advanced solutions such as Surecomp's COR-TF, we help our customers - namely banks and their corporate clients - optimise their solution selection process."
"We feel honored to receive this award, which recognizes how Surecomp successfully implemented an integrated design approach to make COR-TF more convenient than ever for large diversified corporations," said Joel Koschitzky, Surecomp Chairman. "COR-TF is a scalable and versatile information management platform that easily automates corporations' trade finance processes to drive business transformation."
COR-TF is the premium solution for the management and handling of L/Cs, collections and bank/parent/group guarantees for corporations. Optimized for diversified corporations, COR-TF supports centralized and decentralized business processes, communicates with a global network of banks, offers powerful credit line management, and automates document compilation.
SWIFT is a member-owned cooperative that provides the communications platform, products and services to connect more than 10,000 financial institutions and corporations in 212 countries and territories. SWIFT enables its users to exchange automated, standardised financial information securely and reliably, thereby lowering costs, reducing operational risk and eliminating operational inefficiencies. SWIFT also brings the financial community together to work collaboratively to shape market practice, define standards and debate issues of mutual interest. For more information, refer to www.swift.com.
Surecomp is a leading provider of global trade solutions for banks and corporations. Established in 1987, Surecomp is a market pioneer with a proven track record delivering innovative solutions worldwide. With a global network of regional offices and six state-of-the-art development centers, Surecomp successfully supports hundreds of installations in over 80 countries. Surecomp's integrated portfolio of trade finance, supply chain and treasury confirmation matching solutions streamlines the transaction lifecycle to minimize costs and maximize profits. For additional information, visit www.surecomp.com.
Surecomp's full range of award-winning solutions including COR-TF will be showcased at Sibos 2012, which is to be held October 29-November 1 at the INTEX International Exhibition Center in Osaka, Japan. 2012 will mark the 22nd consecutive year that Surecomp has exhibited at the annual Sibos event. Delegates are invited to visit Surecomp at booth 4B13 (Hall 4).
Marketing Communications Manager