CGI Trade360® delivers all of the software, infrastructure and support resources necessary to power a bank’s global trade business. Delivered as a software as a service (SaaS), CGI Trade360 enables banks to provide the full range of traditional trade, payables, receivables and cash management services to their customers anywhere, anytime on a single, integrated and global platform. It also drives significant savings by reducing internal operating costs and allows banks to focus on growing their business.
Comprehensive and highly customizable, CGI Trade360 is a proven global platform that currently supports bank trade services in 80+ countries and 130+ locations across Asia, Europe, North America and Oceania, with more than 30,000 portal users.
The CGI Trade360 platform is comprised of a corporate portal, an efficient back-office trade processing system with sophisticated imaging and workflow, an advanced reporting utility, and an XML-based integration architecture.
CGI Trade360’s traditional trade functionality, including letter of credit and collections, represents experience gained from nearly 30 years of supporting more than 40 major banks globally.
Its open account functionality includes payables functionality that enables buyers to facilitate bank-assisted open account processing (with or without matching), end-to-end approved payables financing (reverse factoring) and payment, trade loans, invoice payments, and extended financing.
Integrated payables was delivered in 2014 and will be supported by purchase order or invoice host-to-host integration and portal uploads.
CGI Trade360’s open account functionality also includes receivables functionality for sellers to facilitate pre-shipment financing, receivables financing, integrated receivables (payment/invoice matching and financing), trade loans, and rollover financing. These are supported by invoice host-to-host integration and portal uploads.
The solution’s cash management capabilities enable banks to provide their customers with online account query and transfers between accounts, as well as manage single and bulk domestic and international payments.
- Robust platform: CGI Trade360 offers a global, end-to-end and truly integrated platform built uniquely for multi-bank, multi-currency and multi-time zone processing to run a bank’s global transaction business on a single instance supported by a single database, with standardized technology and customized operations models.
- Cloud based: Available 24/7, CGI Trade360 is delivered from a secure private/community cloud that offers maximum flexibility to support your current and evolving operating models and eliminates technology constraints that often prevent banks from entering new markets and offering new services.
- Continuous innovation: CGI Trade360 increases your bottom line by providing the technology to power your business growth through new and constantly evolving offerings and solutions that build deeper and more embedded relationships with your customers. Because the CGI portal is always synchronized with the bank-side CGI transaction processing system, it provides your customers with a seamless and world-class customer experience.
- Shared services infrastructure: CGI Trade360 reduces technology ownership costs by leveraging a shared services infrastructure and development costs.
- Cost savings: CGI Trade360 clients benefit from significant efficiency gains and savings of at least 30% by leveraging efficient workflows, processing rules, scalable operations and low-cost locations.
- Time to market: With CGI Trade360, functionality is automatically upgraded, avoiding costly upgrade projects and enabling banks to speed up time-to-market to meet evolving customer needs. New releases are instantly available across your trade business globally.
- Superior reporting: CGI Trade360 offers comprehensive and real-time reporting, including standard, customized and ad hoc reports.
CGI Trade360 is based on CGI’s decades of experience in financial services, enabling us to offer deep, industry-specific expertise and world-leading, business-enabling technology. We’re committed to building long-term relationships with our clients based on a true partnership philosophy that focuses on delivering the best overall solutions to achieve their objectives of growing revenue, reducing costs and operating as one business.