Get the most out of trade matching with Incentage flow manager for SWIFTNet TSU
The Issue
Trade matching is still as multifaceted as an Oriental market place. While such market places have a compelling attractiveness, they are far from being the ideal business model for efficient and world-wide trade matching processes. Standardization, automated message flows, high STP rates and realtime communication are the key issues for efficient handling of trade matching processes.
Solution
Incentage provides full TSU support for financial institutions which can also extend their STP to their corporate clients. A modular approach allows clients to purchase only those elements they require. The Incentage solution can then grow with this new business initiative from a manual process to a full STP process.
- With the support of the Incentage SWIFTNet TSU solution, banks can expand on the core functionality of the TSU to offer competitive services that will be complementary to their existing offerings to their corporate customers
- The Incentage flow manager for SWIFTNet TSU is able to handle the complexity of all ISO 20022 messages so far involved in SWIFT’s initiative.
Benefits
Building on Incentage’s architecture provides a wide range of benefits from Incentage’s flow manager for SWIFTNet TSU:
- Increased visibility along the supply chain
- Identification support for trigger points which help to identify specific content of messages or files that give risk or financing applications additional value during the cash flow processing – end to end from the initial order through reconciliation and to completion
- Staging of product portfolio development
- Ability to reuse data
- Risk reduction
- Low investment costs
- Respect of current corporate business practices
