Process and manage import and export LCs, documents, discrepancies, payments, payment discounting, fees, debit advice, and the complete life-cycle of commercial LCs with direct SWIFT communication.
Process and manage outgoing and incoming standby LCs, payments, fees, debit advice, and the complete life-cycle of LCs, with customizable templates and SWIFT integration.
Process and manage outgoing and incoming Documentary Collections, auto-generate cover letters, manage fees, and the complete life-cycle of Collections, with customizable templates.
Be a lead bank or participate in other banks' LCs, project fees, and manage payables/receivables under participations.
Offer an intuitive and elegant online portal to submit a new application, copy an existing application, and request amendment, and do more digitally without having to mail or fax the papers.
View the incoming documents and upload the necessary documents related to LC or Collections.
View, approve, reject discrepancies and manage payments.
Let your customer self-administer their users, manage limits, entitlements and other security controls.
Create multiple pricing tiers for one-time and recurring fees; capture, review, modify or approve fees; and amortize fees using configurable options.
Manage templates for different types of customers and beneficiaries in MS Word; create draft documents; accept, upload, review, approve, or manage discrepancies in trade documents.
Manage discrepancies, send discrepancies for customer approval, process approved discrepancies, electronically communicate with the counterparty bank via SWIFT and maintain a complete audit trail.
Process payments with maker/checker function, discount payments, manage standing settlement instructions and the complete payment life cycle.
GAAP and IFRS compliant accounting module can be used as either sub-ledger or a main ledger. It generates mark-to-market and accrual accounting entries.
Complete the DDA/GL postings, amortize fees, revalue foreign currency balances, generate statements, send tracers, create numerous reports and execute many other custom jobs in a fully automated or manually controlled EOD process.
Our technology advantage prepares you to give the world-class features and best-in-class user experience.
Scale on demand in SSAE-16 certified cloud platform that is monitored in real-time
Shift the workload off the core, and migrate all payment processes to Finzly. Finzly integrates with the core for key account functions such as balance check using a quick and seamless integration.
Our managed service platform and processes are ISO 27001 certified and we make compliance reviews with your vendor management team a breeze.
Finzly’s EXIM STAR platform has allowed us to streamline and automate our Letter Credit processing. The customer portal has digitized our application process, and the back-office system has given us the tools to process the LCs efficiently. The simplicity of the system has allowed our staff and customers to learn and use the platform faster.
Through the implementation of Finzly’s user-friendly platform, our bank has been able to achieve better standard functionality across the board - from improved customer experience, auto pricing and confirming trades, to upgrades in investigation and reconciliation capabilities.
