Banca Comerciala Romana (BCR) has signed a purchasing agreement with China Systems, a trade services solutions provider, for their Eximbills Enterprise J2EE factoring solution.
Eximbills Enterprise is a well-known back-office trade finance system, and China Systems flagship product. It combines a rapid application development toolkit with a flexible base business model, providing support for traditional trade, open account, supply chain finance and payments operations.
Commenting on their decision to adopt China System's factoring solution, Elena Dinu, executive manager, factoring and trade division for BCR, remarks: "We have chosen China Systems' solution for their top market position in software solutions in the trade finance area, its adaptability to Romanian market needs, extended capacity for further developments, user friendly characteristics, quick time response and efficiency/cost ratio.”
BCR is a member of the Erste Bank Group in Romania, which has a 25% market share and managing assets of over €17.5bn.
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