Orchestrate Global Trade Finance With Unmatched Flexibility And Control
Banks use Veefin's Trade Finance platform to dramatically reduce the expense of running global trade operations.
Veefin Trade Finance at a glance
Why Veefin For Trade Finance
Complete Trade Module Coverage
Handle the full spectrum of trade finance instruments seamlessly in import and export scenarios.
Import & Export Letters of Credit
Import & Export Collections and Bills under LC
Guarantees, SBLCs, and Shipping Guarantees
Comprehensive Reimbursement Management
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Personalized Dashboards & User Experience
Our next-generation portal delivers personalized experiences for different personas from CFOs to daily operators allowing them to customize their own dashboards with our extensive widget repository.
Repository of drag-and-drop widgets users can arrange based on preference
Role-mapped interface that automatically adapts to user needs
Dynamic journeys that guide users through processes intuitively
Dramatic reduction in training time and support requirements
Platform Capabilities
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Fee Management
Configure transaction fees with support for percentage, flat, tier, or slab-based structures plus waivers and discounts.
Role-Based Access Control
Our multi-dimensional access control ensures the right people have the right permissions based on roles, hierarchies, and business rules.
Notifications and Alerts
Our multi-dimensional access control ensures the right people have the right permissions based on roles, hierarchies, and business rules.
Search Engine
Quickly locate payments, collections, or transactions with an intuitive search engine, reducing navigation time and improving operational efficiency.
Integration with other systems
Connect your entire trade finance ecosystem with our integration framework that supports both legacy and modern systems.
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Comprehensive Module Coverage
Our platform offers end-to-end support for all trade finance instruments and processes, eliminating the need for multiple disconnected systems.
Letters of Credit
Import LC
- Issuance
- Cancellation
- Reinstatement
- Closure
- Payment
- Risk Participation
- Reimbursement
- Back to Back
Export LC
- Advising
- Confirmation
- Cancellation
- Reinstatement
- Assignment
- Transfer
- ReimburRisk Participationsement
- Back to Back
Bills Under LC & Collections
Import Bills/Collections
- Lodgement
- Amendment
- Accept/Co-Accept
- Realization/Payment
- Closure
- Availisation
- Advance Payment
- Crystallise/Delink
Export Bills/Collections
- Lodgement
- Amendment
- Accept/Co-Accept
- Realization
- Closure
- Bill Purchase/Discounting
Bills Under LC & Collections
Inward Guarantee/SBLC
- Advising
- Amendment
- Bene Consent to Amend
- Cancel
- Bene Consent to Cancel
- Claims Management
- Internal Adjustment
- Renew
- Process Acknowledgement
Outward Guarantee/SBLC
- Issuance
- Amendment
- Bene Consent to Amend
- Cancel
- Bene Consent to Cancel
- Claims Management
- Internal Adjustment
- Renew
- Process Acknowledgement
Shipping Guarantee
- Issuance
- Amendment
- Claims Management
- Internal Adjustment
- Close
- Process Acknowledgement
- Deliver
Financing
- Export/Import Finance
- Buyers Credit
- Suppliers Credit
- Export Post Ship Finance
- Export Pre Ship Finance
Reimbursements
- Create RA
- Amend RA
- Update RA
- Cancel RA
- Create RC
- Amend RC
- Update RC
- Payment RC
- Create RU
- Amend RU
- Update RU
- Cancel RU
- Close RU
Experience the Veefin Difference
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Frequently Asked Questions
How does Veefin's Trade Finance platform compare to legacy system?
Unlike legacy systems built on outdated architectures that require extensive customization, Veefin's platform is designed from the ground up with modern microservices architecture, API-first approach, and composable components. This provides significantly greater flexibility, faster implementation, and reduced total cost of ownership. Our multi-entity and multi-lingual capabilities are built-in rather than bolted on, eliminating the performance and maintenance issues common with patched legacy systems.
What makes Veefin's user experience different from other trade finance solutions?
Our platform features persona-driven, journey-based interfaces that adapt to different user roles instead of the traditional field-based forms found in legacy systems. Users can customize their experience with widget-based dashboards, while our repository of widgets allows for mix-and-match configurations based on individual preferences. This approach dramatically improves user adoption and productivity while reducing training requirements.
How does Veefin support banks' digital transformation initiatives?
Veefin's Trade Finance platform serves as a catalyst for digital transformation by providing a modern, flexible foundation that can evolve with changing business needs. Our API-first architecture enables seamless integration with fintech innovations, marketplace participation, and open banking initiatives. The composable nature of our platform allows banks to modernize incrementally, replacing specific components while maintaining business continuity.
How long does implementation typically take?
Implementation timelines vary based on scope, but our modular approach allows for phased deployments that deliver value quickly. Typical implementations range from 6-18 months depending on the number of modules and complexity of integrations. Our multi-entity capability allows global banks to deploy a single instance across multiple countries, significantly reducing the time and cost compared to traditional country-by-country implementations.
How does Veefin's platform help banks reduce operational costs?
Our multi-entity architecture allows banks to consolidate multiple country operations on a single platform, reducing infrastructure, maintenance, and support costs. The persona-driven self-service capabilities reduce dependency on relationship managers and customer support staff. Additionally, our low-code customization toolkit minimizes reliance on expensive third-party vendors for customizations and enhancements.
What security measures does Veefin implement to protect sensitive trade data?
Veefin's Trade Finance platform employs bank-grade security including end-to-end encryption, multi-dimensional access controls, comprehensive audit logging, and secure document management. Our role-based access ensures users can only view and modify information relevant to their job functions, while our centralized multi-entity architecture allows for unified security governance across global operations.