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FITAS -- The ultimate solution for Trade finance  
 

ecSolutions has been providing FITAS, Trade Finance solutions for more than 2 decades, and is one of the best solutions in this industry. The power of FITAS comes from its architecture and rich functionalities, which were accumulated over the past years. FITAS, like most of the solutions offered by ecSolutions, is of 3- tier distributed software architecture, multi-lingual, multi-currency, and operates on almost all of the commercially available platforms such as Microsoft/Windows 2000, UNIX, Tandem's Guardian, OS/390 and OS/400.

FITAS grows with the technology. It now offers different user interfaces such as Windows GUI and Browser-based GUI; it offers multi-channel services, from EDI to XML-based service channels; and multi-type architecture from central mode to 3-tier architecture.

 
Multi-channel service delivery
FITAS offers numerous ways for banks to provide Trade services to their clients, whether it is through Internet, Extranet, Telex, Fax, Emails, Flat files, XML and other traditional channels such as through physical branch office counters.
 
System access

Bank staffs access FITAS through an easy-to-use GUI running on Microsoft/Windows 98, NT, 2000, and connect to FITAS via LAN, Intranet or Extranet. Banks have a choice of interfaces either browser-based or windows based. FITAS employs the most user-friendly means to improve the use of the system such as Pop-ups, radios, calendars, etc.

 
Different modes of operation

FITAS supports a variety of operation setups such as Hubs-and-Spokes, Multi-Bank, Regional Hub, Multi-Branches and Globally Centralized Architecture. FITAS operates on any combination of organization structures. This will provide banks an unmatched level of adaptability for trade finance system considering possible operation consolidation after merge and acquisitions, and the growing geographical locations as businesses become more and more globalized.

 
Rich functions and features

FITAS consists of basic bills processing such as Inward Bills, Outward Bills with interface to Telex, MERVA, ST200, ST400 and SWIFT. Inward Bills includes letter of credit (LC), inward bills under LC, shipping guarantee, import loans, inward collection bills, and letter of guarantee. Outward Bills is composed of LC negotiation, Outward bills under LC, Outward bills purchased/ collected, LC transfer, LC advising and confirmation, LC reimbursement, and export loans.

 
Internet enabled

Loans module of ecMARKfin, ecSolutions' Internet banking solution, provides a seamless integration to ecLOANS on providing a secured end-to-end Internet delivery channel. Customer can enquire the transaction history, application for revising payment terms and the due date of the coming loan payment, etc.

By complementing the basic bills processing functions with ecSolutions's Customer Information System, Central liability System, and General Ledger System, FITAS turns into a customer centric system that allows banks to handle financial reporting and managing the authority of all FITAS users, a total solution for the bank. Its modular design is not only capable to interface to ecSolutions' banking solutions, but also provides customizable interfaces for third party Customer Relationship Management and General Ledge System.

 
Workflow automation and Imaging

With ecWIS, ecSolutions' workflow and imaging solution, FITAS helps the banks to remove the paperwork tension from the intensive trade finance operation. FITAS seamlessly integrates to ecWIS providing an easy-to-use GUI, allowing users to define the workflow with the support of exception handling, routing by conditions, etc. The management can monitor the distribution of the workloads, service indicators, and the performance of the processing staff. ecWIS supports a variety of scanners that is complied with the standard of TWAIN and ISIS, and provides multiple levels of indexing for imaged documents and a high-speed search engine for retrieving the image from the databases.

 
Rationales - Functions & Features

Platform Supported: Windows NT/2000, TANDEM, HP-UNIX, SCO-UNIX, RS/6000, AS/400, ES/9000
Database Supported: MS SQL 7.0, MS SQL 2000, ORACLE, DB2, Sybase, Informix, Compaq NonStop SQL/MP

 
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