Banking with Libree - WordPress.com...2015/01/31 · Libree® – Documentary Operations © 2015 BINETIX LLC. All rights reserved. Visit us at AGENDA 1) The …

Banking with LibreeBanking with Libree ®®

Enterprise Documentary OperationsEnterprise Documentary Operations

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www.binetix.euwww.binetix.eu

http://www.binetix.eu/

LibreeLibree®® – Documentary Operations – Documentary Operations

© 2015 BINETIX LLC. All rights reserved. Visit us at www.binetix.eu

AGENDA

1) The company at a glance

2) The business case

3) Bank Guarantees

4) Letters of Credit

5) Documentary Collections

Read more at www.binetix.eu about:

✔ Corporate governance

✔ Services and solutions

✔ Enterprise technologies

✔ Success stories

✔ Contact information

KEY PRESENTATION FIGURES

➔ Overview of the documentary workflow with Libree

➔ Advantages of using documentary operations

➔ Case study of real applications

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Company at a GlanceCompany at a Glance


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Communication & EmbeddedGrid computing, Positioning,Call Centers, Voice over IP

1992

2005

2007

2009BINETIX LLCBINETIX LLCB e S u c c e s s f u l To g e t h e r ™B e S u c c e s s f u l To g e t h e r ™

Established as anEngineering andDevelopment Entity

Enterprise AutomationBanking payments,

Accounting, Warehouses

Professional ServicesProgram/Project Management

Business DevelopmentTechnical Support

Outsourcing

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Binetix TodayBinetix Today


Today Binetix is a technological, projectized and service oriented organization focused on helping its partners and customers to design and implement complete enterprise solutions for their particular business needs and demands.

Expertise in BI services, collaborative and massive computations, grid and cloud technologies.

Binetix is providing services and products for five major industries:✔ Enterprise Automation✔ Banking & Financials✔ Telecommunications✔ Government✔ Healthcare✔ Home Automation

SET OF SERVICES

➔ Program and Project Management➔ Application Management➔ Data Management➔ Outsourcing Services➔ Business Consulting➔ Professional Training

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FEATURED PRODUCTS

➔ Libree® – Enterprise-class grid solution for managing and sharing documents, commencing documentary operations, gathering data from different sources and external systems, organizing daily activities and group schedules, collecting and sharing HR information, performing telecommunication calls and meetings.➔ PTM – Transaction management hub designed to secure, manage, track, analyze, and report financial data in help of investment (banks, brokerage houses), depository (credit unions, trust, mortgage loan entities), and contractual institutions (insurance, pension funds).

KEY TECHNOLOGIES

➔ AGE™ – "The Advanced Grid Environment" is powerful computational and data grid, specially designed for multi-plaform, embedded, and mobile applications.➔ InfoDigger™ – Full-text search engine capable to instantly dig in terabytes of unstructured information, databases and other external sources.

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LibreeLibree®® – Trade Settlements at Risk – Trade Settlements at Risk


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Letters of Credit

Guarantees

Collections

Pre-payment

Differed Payment

Buyer(importer)

Seller(exporter)

Associated risks of seller and buyer

Bank GuaranteesGuarantees are an irrevocable obligation of the bank to paya specified amount of money if the party for which the bank is giving the guarantee does not fulfil its contractual obligations.

Letters of Credit (LoC)Documentary letters of credit are the safest means for internationaltrade settlement both for importers and exporters of goods.

CollectionsDocumentary collection is a method of executing trade transactionswhen two parties conclude an agreement quite trust each otherand are ready to waive safety proposed by letter of credit or guarantee,but still would not like to make deliveries on an open account.

Key Issues:

➔ Huge amount of documentation; Complex communication between all parties;➔ Lack of integrated time, scope, and cost risk management;➔ Missed milestones; Late payments; Delayed replies.

Manageable Documentary Operations

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Why the Documentary Operations need strong automation?


LibreeLibree®® – One Professional Solution – One Professional Solution


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Business Automation

Full coverage of the documentary workflow for Letters of Credit (LoC), Bank Collections, and Guarantees;

Complete solution for managing large, complex, and long-term contracts between Sellers and Buyers;

Exhaustive Profile and Risk Management.

Planning

Integrated planner for visual control of upcoming deadlines or events;

Groupware for simultaneous tracking and managing of multiple documentary profiles, including contracts, amendments, incoming and outgoing SWIFT messages, external documents, scanned forms, notes, e-mails, calls, etc.

Monitoring and Control

Sharp and powerful notification system for upcoming deadlines, or KPIs;

Simple and intuitive self-control system;

Document team management;

Documentary profiling, and multichannel tracking.

Integration

Rapid integration with the core banking system, and security;

No system replacements – only functional enhancements;

Ability to work with the Bankning VoIP telecommunication infrastructure.


LibreeLibree®® – One Professional Solution – One Professional Solution


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Instant access to all Import/Export Registers Straightforward profile management and planning Unified and accessible modern design


LibreeLibree®® – Letters of Credit (LoC) – Letters of Credit (LoC)


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Issuing Bank- registers LoC application- issuing MT700 / MT710 (automatic / manual)- extended planning (dead lines, post events)- manages applications and attachments- manages MT707, MT742, MT754, MT799

Advising Bank- imports the incoming SWIFT to core banking- approving LoC with MT730- rejecting LoC with MT734- manages MT707, MT742, MT754, MT799- extended planning (dead lines, post events)- manages applications and attachments- forwarding / advising the Exporter

Manage Letters of Credit with Binetix Libree®

Buyer Issuing Bank

Seller Advising Bank

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isp

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2. Application for issuingLetter of Credit

10. Forwarding documentsto the Customer

3. Is

suin

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ette

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it

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4. Advising of LoC

6. Forwarding documents

9. Making payment

Associated Documents- Mutual Agreement (Contract)- Application for the Issue of the Letter of Credit- Export Letter of Credit Accompanying Letter- Application for the Amendments to the Terms of the Letter of Credit- Application for the Transfer of the Letter of Credit

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LibreeLibree®® – Documentary Collections – Documentary Collections


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Collecting Bank- Receiving the associated documents- Notifying and forwarding docs to the Buyer- Receiving payments or acceptance of draft- issuing payments to the Remitting Bank

Remitting Bank- registers application for collection- manages the associated documents- importing SWIFT for collections- making payments to the Seller

Manage Documentary Collections with Binetix Libree®

Associated Documents- Mutual Agreement (Contract)- Application for Collection

Buyer Collecting Bank

Seller Remitting Bank

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3. Forwarding documentsand set of instructions

8. Making payment

9. Forwarding documentsto the Customer

6. Payment or accept of draft

5. Notifying on receipt of docs10. Receipt of Goods

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LibreeLibree®® – Bank Guarantees – Bank Guarantees


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Applicant Issuing Bank

Beneficiery Advising Bank

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2. Application Formfor issuing Guarantee

4. Advising of the Guarantee

3.1. Is

suin

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uarante

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in a p

aper form

MT760 (create)- register application form (start the process)- import from core banking (or manual create)- issuing the Guarantee via SWIFT- issuing the Guarantee in a paper form- extended planning (dead lines, post events)- manage applications and attachments

MT760 (import)- import the incoming SWIFT to core banking- manual import of Guarantee- duplicate from template- extended planning (dead lines, post events)- manage applications and attachments- forward / advise the Beneficiary

Manage Bank Guarantees with Binetix Libree®

Associated Documents- Mutual Agreement (Contract)- Application for the Issue of the Guarantee

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LibreeLibree®® – Unified Documentary Profile – Unified Documentary Profile


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The Unified Documentary Profile (UDP) contains:

All documentary operations and activities related to particular customer, contract or agreement; All associated documents, SWIFT messages, payments, and other attachments or transactions; Embedded version control and history change management; Contact information and capabilities for multichannel communication – notes, e-mails, phones calls; Modification and active validation of the profile data consistency; Real-time notification for upcoming events and deadlines; Integrated planner; E-mail client and phone dialer.

One Approach for allDocumentary Operations !


LibreeLibree®® – Modify & Verify Profiles – Modify & Verify Profiles


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New check-list for continuous verificationof the documentary profile's consistency

Quick Access to the fields within the Unified Documentary Profile

Clear interface Active content verification Pre-validation


LibreeLibree®® – Monitoring & Control – Monitoring & Control


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Flexible and Adjustable Documentary Flow Control

The flow-control covers:

All fundamental business processes related to Bank Guarantees, Letters of Credit, and Collections; Automatically or manually receive or send of SWIFT messages; Integrated internal document control; Integration with the core banking system; Capabilities to adjust the embedded workflow to the Bank's particular needs, demands, and rules.


LibreeLibree®® – Profile Datamining – Profile Datamining


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Fully Customizable and Real-time Grouping and Filtering

With each Documentary Register for Letters of Credit, Collections, or Guarantees YOU CAN:

Visually group the unified documentary profiles by customizable set of fields; Sort and Resort the content of the profiles in the groups, and within the profile itself; Create in real-time multi dimensional data intersections;

Simply DO your job.

Visual data-mining withsimple drag-n-drop


LibreeLibree®® – Documents Management – Documents Management


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Full Set of Document Templates and SWIFT Forms

You can extend the system and profiles with: More templates for LoCs, Collections, and Guarantees; External forms from your organization; Duplicated, scanned or brand new documents.


LibreeLibree®® – Professional SWIFT Exchanger – Professional SWIFT Exchanger


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Integrated parser and generator of SWIFT messages

You CAN receive and read the content of SWIFT messages, orYou CAN create and send SWIFT messages directly from the screen.


LibreeLibree®® – Contact the Customers – Contact the Customers


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Quick and Easy Communication

1-Click to the Profile's KPIs for your particular business needs

Automatic and manual support of exhaustive address books foryour bank offices, customers, and other financial institutions


LibreeLibree®® – Documentary Planner – Documentary Planner


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Visual control of Letters of Credit, Bank Guarantees, and Collections

Visually you CAN:

Monitor unfinished Letters of Credit, Collections, and Guarantees; Monitor deadlines of contracts and amendments; Create custom events to organize your work; Share events with your team; Send notifications and reminders to your customers right away.


Important Note !Important Note !


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AT TENTION

The screen-shots published in this material contain example and random dataused only for the purpose of the current presentation.

Any coincidence with real names, dates, amounts or other information is accidentallyand is NOT intended to refer in any possible way to the potentially affected party.


BINETIX LLCBINETIX LLC


CONTACT INFORMATION

You can reach us using one of the following ways:

Contact Form

Service Desk

[email protected]

Fax: +359 2 8659135

FIVE VIABLE REASONS TO TRUST US

1) Bank expert in payments automation, documentary operations, financial risk management, mobile and core banking integration.

2) Complete portfolio of services in BI, P&PM, application and data management, outsourcing, and professional training.

3) Advanced know-how in building support infrastructure and security, including hardware, software, and support services. With our expertise Binetix can provide integrity, confidentiality and security of your BI applications.

4) Dedicated 24/7 support availability.

5) Ability to define and implement complete BI infrastructure. Binetix is offering also continuous support and improvement of the existing eBiz solutions.

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http://www.binetix.eu/index.php/about/contact

https://support.binetix.eu/

mailto:[email protected]