Neomalogic, a provider of internet-based trade finance solutions for the financial services industry, has announced that the Société Générale Group has signed a software licence agreement to use the Global Trade Portal platform to offer online trade services to its customers.
Looking extensively for an integrated electronic banking trade finance solution for its international operations, Société Générale has selected Neomalogic’s Global Trade Portal to offer its corporate customers a full-featured internet-based console for the online management of letters of credit, guarantees, and forfaiting requests.
The state-of-the-art technology in the solution combined with its comprehensive set of features, the capability to interface with the bank’s existing core systems and the clients’ ERP systems as well as the proven track record of deployment of Global Trade Portal globally were all decisive in the bank’s choice.
“Our goal is to offer our corporate customers, importers and exporters, a technologically advanced solution allowing them to initiate and manage the complete life cycle of their trade finance transactions,” explains Daniel Le Strat, in charge of the project at Société Générale. “We have selected Neomalogic’s software because it fully addresses our functional requirements and our stringent technical criteria.”
Olivier Berthier, managing director of Neomalogic, “we are delighted to have been chosen by Société Générale after their thorough selection process. This new project with an international scope provides additional evidence of our solution’s appeal for top tier financial institutions and we now look forward to a successful conclusion of the implementation phase.”
NEOMAlogic (www.neomalogic.com) is an electronic solutions provider acting primarily in the field of international trade finance. An in-depth technical experience and functional expertise in the field of documentary credit contribute to the design and implementation of best of breed e-commerce solutions for its banking customers. The company’s core product, Global Trade Portal, also counts leading international banks such as BNP Paribas, Credit Lyonnais and Natexis Banques Populaires among its references.