The CMStrade FiNance application is actually a set of applications serving different aspects of the financing of trades: credit line, letter of credit, bank guarantee, collateral, loan.
Most often these applications are only available as separate software, isolated from the company's other business data.
On the contrary, we have built FN into the CMStrade software, fully integrating and sharing the data of the other applications.
Consider the integrations of FN with the accounts receivable/payable and the general accounting:
■ their accounts serve as the basis for the various trade finance components, such as collateral given;
■ their relevant transactions, such as supplier’s invoice, your payment, etc., are immediately mirrored in credit lines and their respective LCs.
Similarly, the integration with the physical application - the reason for the financing - amalgamates their relevant data.
Some benefits of ending FN's isolation:
● many of the FN transactions are now in the other applications and so do not have to be found and again input;
● the FN situations are now always up-to-date and synchronised with the accounting events;
● it is also easy to present the current state of the contract/shipment financed, with the data/reports of the physical and cost accounting applications.
Your benefits thus range from timesaving to efficient control and use of funds, plus the advantages of using software to administer the applications.
For information on Operations, Output
and Transactions, please see Data.
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