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Trade services provider China Systems has won SwiftNet TSU Gold Label accreditation for its SOA compliant, J2EE-based trade finance system, Eximbills Enterprise. It is the first back-office solution to win this award.


The system provides support for open account, supply chain finance, factoring and payments operations, as well as covering traditional import and export trade services.


With SWIFTNet TSU, banks can improve their risk mitigation services through having sufficient visibility on transactional events from purchase order to payment and parties involved. Banks are also able to use the SwiftNet TSU system to offer extra services to clients. As they already handle payments traffic, banks can also offer documentation preparation and reconciliation services on account payables and receivables.


China Systems” solutions director Joel Schrevens comments: “With our Eximbills Enterprise solution, we are proud to be the first software provider, as recognized by Swift, to have integrated the TSU capabilities into a trade and payments back office solution. He adds: “We are convinced that integration with existing back office capabilities and open account finance offerings will provide our customers with the competitive edge necessary to retain existing and win new business customers. Corporate customers focus on payables and receivables, regardless whether they are processed on an open account, LC, or collection basis, so a banking back office solution must reflect this with an integrated design to support an integrated global customer approach and consistent service offering.”