Kichigin by Shutterstock, trade finance and guarantee management, a forest

Trade Finance

Efficiency in managing Bank and Corporate guarantees

Corporations selling high-value goods or projects are typically required to provide guarantees to their customers, to financially protect the fulfillment of the contract. The guarantee liabilities impose an off-balance sheet risk for the corporation, and therefore the process relies heavily on tightly defined structure and involvement of individuals with appropriate authorization.

Guarantee issuance is one of the deal-breaking final stages for closing a business assignment, and trade finance as a supporting organization must be able to process the issuance without unnecessary delay. Without a centralized solution, the management and tracking of the liabilities generated in different parts of the corporation is a tedious task. A fully electronic guarantee management process also offers continuous visibility into the guarantee statuses and supports the timely release of guarantees to avoid unnecessary bank fees.

Your benefits with Analyste Guarantees

three screws in different sizes

Application, handling and storage all in one place

a computer screen with four star rated lines

Always know the number and total amount of issued guarantees and limits used

saving with a piggy bank, putting dollars into it

Less manual input, material distribution and errors

a spreadsheet with a cross over it

Delight your auditors by getting rid of spreadsheet

Key features of Analyste Guarantees

Both bank and corporate guarantees supported

Both bank and corporate guarantees supported

Business units can apply for bank and corporate guarantees from regional or global Trade Finance departments and follow the application status online.

Application process

Application process

Users fill in and submit the application form online to treasury, who can then process and issue the guarantee.

Centralized or decentralized guarantee management models

Centralized or decentralized guarantee management models

The solution supports both a centralized model, in which units apply for guarantees from the treasury, and a decentralized model, in which units report existing guarantees into the database.

Flexible authorizations options

Flexible authorizations options

Before handling, the guarantees can be required to be authorized by a selected number of control users.

Online storage of attachment documents

Online storage of attachment documents

Users can attach related documents to guarantee applications and reported guarantees.

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