Thanks to Finelia, your company benefits from a comprehensive overview of all of its international liabilities (client receivables, country receivables, bank receivables, total costs,…).
For example, a user can prepare his guarantee application, have it approved internally, and send it to the bank. He can monitor any amendments and deadlines by means of personalised alerts. A treasurer can consult releases deadlines and view his liabilities situation in just a few minutes; he can monitor total financing costs and see the state of progress of a guarantee.
Multi bank solution
Automated processing of messages transmitted from / to your banks (via Swiftnet, Ebics or email).
A single platform to communicate with all your banking partners.
The tool dashboards and the customised reports help you to optimise your credit line management (Monitoring dates of payment, credit limit, credit period; Monitoring credit lines by bank, by branch, by business unit,…), with a alerts system to warn you, for example, if authorised limits are exceeded.
Interface with information systems
Integration with ERP systems for automated processing of LC and guarantee applications.
Integration with your Treasury Management System to optimize cash flow forecasting, payments management and supply chain finance.
Managing the Guarantee Process
Finelia’s integrated features allow you to monitor the processing of the guarantee: monitoring of beneficiary modification requests, amendment requests, partial or total release requests,…
Centralisation of Liabilities Management
Finelia uses a collaborative platform to centralise your Letters of Credit, amendments, exchanges with banks, stakeholders, related documents…
Finelia Guarantee is a management tool which can be used by departments in Trade Finance, Treasury, Production, Logistics and Import-Export to organize and share information.
Production of Reports and Cost Management
The reporting module enables you to obtain personalised reports (e.g. liabilities by business unit, branch, …
outstanding bank payments, total financing costs, by counterparty, by bank, by time period,…).
Finelia enables you to monitor individual bank terms and conditions, in order to calculate bank charges automatically.
The software program offers reports showing the outstanding sums for each guarantee on different dates, consolidating it by contract or by client.
Finelia makes this centralised tool available to all business units, allowing information to be managed easily both locally and on a group level, and the consolidated creation of reports.
- Improve the visibility of liabilities
- Reduce financing costs
- Reduce operating costs
- Reduce counterparty risk