Product Profile

CargoDocs

essDOCS

First Release Date: 10.03.2010

Current Version: C15.5

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Language Support:

United KingdomUnited States

Technology Category: Transaction Banking Trade Finance Guaranties Letters of Credit Collections Supply Chain Finance Factoring Open Account Platform Technology

Product/Service Description

essDOCS' flaghsip offering - CargoDocs - provides a holistic paperless trade solution enabling the creation and management of original electronic Bills of Lading & supporting documents, speeding up processes such as presentation to banks under trade finance instruments including eUCP Letters of Credit, Documentary Collections and Bank Payment Obligations. Proven to deliver significant value to the entire supply chain, CargoDocs enables importers, exporters, traders, ship operators and banks to streamline processes, reduce working capital needs and risk, while improving collaboration, compliance and visibility across organisations.

CargoDocs is trusted by a rapidly expanding network of over 3,700+ customers ranging from Fortune Global 500 companies to innovative SMEs spanning across 72 countries.

Customer Overview

Total Number of customers 3,700+

Customer Size Large Enterprise , Medium , SMB

Customer Type Commercial Banks , Corporates

Target Market Global

Specific georgaphical coverage United Kingdom of Great Britain and Northern Ireland

Pricing Model SaaS Pricing Model

Demo & Case Study Urls http://www.essdocs.com/resources/case-studies

Features

Enables Paperless Trade & Finance
Secure, web-based solution
DocPrep allows creation, review and approval of documents
DocEx allows transfer of eDocs to other users, including banks
Can be used for Shipments (i.e. electronic Bills of Lading) or Warehouses (i.e. eWarrants)
eTrade Finance via eUCP Presentation, eDocumentary Collection & BPO+
Users can integrate at various points to facilitate automation and STP (Straight-Through-Processing)

Benefits

Automated and streamlined solution
Less risky, structured lending
Save time spent distributing, signing, couriering, storing and retrieving documents
Amendments within hours
Reduced DSO (Days Sales Outstanding), faster payment
Eliminate risk of lost or fraudulent documents
STP / automation (SWIFT-compatible)
Improved transparency and compliance

Platform & Workflow

Server OS undisclosed

Workstation OS Windows , Linux , Mac

Programming Language and API Java

SetUp and Installation Options No installation, web-based solution

Deployment Period undisclosed

Reporting Capabilities Built-in application level reports and logs

Security Options -Multi-tiered application environment. Anti-virus, managed firewalls, secure VPN, network and host based intrusion detection. Hardened operating system. HTTPS 128bit SSL

The product/service compliant with the following regulatory standards ISO 20022 , ISO 27001