Alcatel-Lucent implemented Surecomp's COR-TF multi-bank corporate trade finance platform, in December 2011, to:
- automated communications to all their banks
- set up a repository for all their trade finance products and guarantees
- obtain real-time status updates of their portfolio to improve their tracking of exposures and credit lines, and to enhance their reporting capabilities.
Alcatel-Lucent are now considering implementing COR-TF's line of credit (L/C) administration.
The management of trade finance and guarantees will become a bigger problem as companies will have to use an increasing of sources of finance. Some form of the multi-bank corporate trade finance platform will become essential to keep tabs on it all.
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