The CGI Trade360 SaaS Platform enables banks to take the complexity out of payables processing for their customers with streamlined and straight-through processing, a range of payables solutions, and a variety of financing capabilities.

Banks now have a significant opportunity to move beyond simple payment processing by becoming more deeply involved in the customers’ financial supply chain. As a result of the shift to open account, complexities have significantly increased for the buyer. Where traditional trade had previously been used, the associated bank services are no longer being provided. Plus, adoption of supplier finance programs requires bank involvement to keep buyers at an arm’s length, in order to protect their balance sheets. Buyers are also able to take advantage of dynamic and other forms of discounting, however those processes need to be managed.

Benefits

Customer (buyer)

  • Access to proven products for Open Account (OA) or Supply Chain Financing (SCF)
  • Decrease cost of goods purchased
  • Reduce working capital requirements
  • Achieve more financial stability in the supply chain
  • Strengthen relationships with suppliers
  • Improve visibility across the financial supply chain

Key Functionality

  • Portfolio based straight-through processing
  • Processes all approved payables
  • Buyer API driven integration
  • Buyer-Discounted Payment Program
  • Approved Payables Finance Program
  • Invoice Payment Program
  • Common Functions
    • Aggregated payments
    • Extended Buyer Finance