-
100%
Improvement in trade documents management
-
90%
Reduction of discrepant documents on 1st presentation under export LCs
-
70%
Improvement in the payment TAT
CLIENT CHALLENGES
- Inefficiencies in preparation and verification of trade documents
- Lack of visibility and control over trade transactions dealing with multiple banks due to increasing trade volumes
- Complexities in understanding and adhering to international trade rules and compliance regulations.
- Limited knowledge about the various trade finance products and their impact on the underlying trade transaction
OUR APPROACH
- Reviewed and analyzed the existing trade finance setup in its entirety and product wise handling capabilities to understand the gaps and risks in the process
- Deployed a pyramid-based offshore team of SMEs, based on the complexity of work, to design end-to-end process mas effectively
- Created standard operating procedures for various tasks and processes inline with internal policies and regulatory requirements
- Team has been assigned with clear delegation of authority to handle various tasks for clear visibility and control over each transaction.
- Initiated support for documents preparation and then scaled up to effectively examining trade documents.
IMPACT DELIVERED
- 100% improvement in effectively managing trade documents for various trade products
- 95% reduction in discrepant documents on 1st presentation for export LCs
- 85% improvement in payment turnaround time by eliminating documentation related issues
- 100% compliance with international trade regulations and rules due to effective quality controls and measures in place
Thank you for sharing your details
Your file will start downloading automatically
If it does not download within 1 minute,
Share this on
