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 - optimize 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."