Key features of Verasis Trade Finance

The system runs on a very robust and modern technological platform (.Net and Relational Database). This allows financial institutions to take their destiny into their own hands, quickly adapting to the market’s changing business needs.

It also enables them to be completely independent of any application vendor, thereby giving them a higher degree of control over future costs involved in the rollout of business functionality.

Standard Verasis Trade Finance functionality includes:

• Calculation of charges, liabilities, margins, fees and foreign exchange equivalents
• Complete accounting function
• Workflow management
• Credit calculation, management and authorisation
• Automated production of documents, letters, advices, and SWIFT messages
• Reporting to management and customers
• Follow-up processing, such as amendments and tracers
• Fast inquiry into transaction status
• Automatic settlement of principal, interest, commission and fees in any currency
• Tracers and reminders generated based on ad hoc or predefined criteria
• Multi-branch processing allowing different fee calculations, format for documents, advices and different base currencies
• MS Word Integration and Crystal reporting for the highest quality correspondence generation
• Fully integrated Warehouse Database to facilitate user creation of ad hoc or scheduled reports of any kind
• Integration with Excel for data extraction
• Bespoke report writer
• Built-in calculation for rate type conversion and interpolation
• Diary functionality for fast, recorded internal communication on transactions and issues