Trade Secret - Trade A Plane

TradeDoX's Documentary Credit Collaboration module re-engineers the process of applying for a documentary credit

. It enables the Importer to collaborate with the exporter on the terms of the Documentary Credit, ensuring that the details are agreed before the Importer opens the LC through its Bank.

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Allows the Importer to collaborate in a structured way based on the exact Codes used by banks to open a LC.

Generates the LC application AND the SWIFT file that the bank can use to open the LC with the exact terms that the importer and exporter have agreed upon.

Virtually eliminates the need for amendments and allows exporter to ship goods a lot faster.

TradeDoX's- Benefits for Exporters

Enables Exporters to get paid quickly by delivering trade finance documents that are conformant with the bank's terms Accelerates advice of LCs and amendments and virtually eliminates discrepancies.

Major benefits of TradeDoX 360 include:

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Reduces Errors - Minimizes costly data entry errors and discrepancies that can delay payments. (Single data entry for consistency in documents)

Accuracy - Save templates to reuse data on consignees, trading partners, product line items, Schedule B coding, etc.

Collaborate Electronically - you can email the documents directly to your freight forwarders, customs brokers or customers so they can start the clearance process a lot faster.

Saves Time - Using the TradeDoX 360 document generation engine, the program automatically populates data on the documents you select, speeding up your document preparation process by as much as 90%.

Save Money - Avoids expense and alignment problems of preprinted forms, especially stocking many variations of export forms as documents can be printed together with your logo on any paper from any printer or you can print them on your existing letterheads.

Easy-to-Use - Wizard based interface. Enter and edit complete, detailed information about individual shipments and LCs You can duplicate similar shipments and save them as templates to decrease data entry and store a master list of products and shipping entities to ensure quick and exact entry.

Faster processing - Avoid the usual mail and courier pick-up delays: Send shipping documents to your partners and logistics service providers with a few simple mouse clicks.

In today's ever-changing commercial world, conventional means of business communication are not only time consuming; but also hindering to an organization's competitiveness. The electronic transmission of documents therefore is increasingly necessary for efficient cross-border trade.

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Trade Secret - Trade A Plane

By: Jiasey Roxay

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