ENTERPRISE SOFTWARE SOLUTIONS
USING THE LATEST TECHNOLOGIES
CorrTec is a leader in providing Trade Finance Risk Management solutions that have earned a market-leading position. Since the 1990s CorrTec has been leveraging the latest technologies to provide our clients with powerful enterprise-wide software solutions.
Our experience, solution development expertise, technical skills pool, and proven methodology has enabled us to provide our clients with high quality, reliable and cost effective solution development services including:
- Project Management
- Enterprise Software Development
- Software Testing and Quality Assurance (QA)
- Data Conversion / Integration
- Consulting
We have successfully implemented the following enterprise software solutions for well-reputed financial institutions:
Trade Limits & Asset Risk Management (CorrRisk) Solution:
This solution enables financial institutions to monitor, manage, and report on the Trade Finance (FI) Risk taken on their Counterparties/Correspondent Banks and Countries, maximize their profitability, and minimize risk exposure through Trade Finance Asset Distributions (Insurance/Unfunded or Funded Risk Participation/Guarantee) in the secondary market while managing and tracking profitability associated with the Trade Finance Assets being distributed.
This solution is implemented at various Tier 1 Banks having a global footprint.
Export Bills Payment Collection Solution:
This solution enables the financial institution to offer their services to other financial institutions for the collection of export bills proceeds. With this application the customer financial institutions can lodge their Claims under an LC online and collect the proceeds in shorter time frame.
This solution was implemented at a Tier 1 Bank having a global footprint.
Payment of Claims under a LC Solution:
This solution permits the financial institution to honor and pay the Export Bills Reimbursement claims to a third financial institution who negotiated the export bills under the letter of credit (LC) of the customer financial institution, by ensuring that claims are within the validity and balance amount of LC.
This solution was implemented at a Tier 1 Bank having a global footprint.
Nostro Reconciliation Solution:
The Nostro Reconciliation solution helps the financial institution to efficiently and effectively reconcile their Nostro accounts activity.
This solution was implemented at various Tier 1 Banks having a global footprint.
Solutions currently being offered…
Trade Limits & Asset Risk Management (CorrRisk) Solution
CorrRisk is an enterprise software solution that enables financial institutions to monitor, manage, and distribute exposures for direct/indirect Trade Credit Risk.
Business Intelligence (BI) Solution
The Business Intelligence (BI) Solution provides a real dashboard representation overview of current and historical data on a run-time basis and based on various selected dimensions using powerful data analytics and visualization tools for providing critical top-level views of your business into compelling dashboards.