• OpenTrade is an internet based collaborative platform to streamline the financial supply chain.

• Open Trade provides the following:
  • Workflow
  • Collaboration
  • Document Management
  • Compliance
  • Reconciliation
  • Settlement

• The Financial Supply Chain refers to the end-to-end trade processes and information that drive a company’s cash, accounts, and working capital. From a buyer’s perspective, this involves the full procurement-to-payment process. For the seller, it is the order-to-cash cycle. The financial supply chain, which drives financial settlement, takes over where the physical supply chain ends.

The objective of the Financial Supply Chain is to optimize:

• Accounts payable and receivable
• Cash management
• Working capital
• Transaction costs
• Risk
• Administration

The main advantage is To make the Bank, the most Valuable link in the Supply Chain, the Strongest link



How does OpenTrade Work?

• OpenTrade is based on CSI/TRADEPAQ’s EDM (Enterprise Document Management) Platform

• EDM provides a foundation for many solutions based upon its core components

• EDM is Java based platform using industry standards such as XML, XSL to deliver EAI, Workflow, Collaboration, Document Management, Compliance and Reconciliation

• OpenTrade links, gathers, distributes the information required for the transaction across the Trade Chain in the format/s required by each trading partner.

Banks and OpenTrade

Banks can play a more active role in the Financial Supply Chain by providing solutions that allow for:

• Reduction of the time required to create, transfer and process paper documentation

• Reduction of the cost and errors associated with manual creation and reconciliation of documentation

• Provide transparency in inventory and cash positions when goods are in the supply chain

• Reduce the number of disputes arising from inaccurate or missing data