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essDOCS Bank Solutions

essDOCS enables banks to extend their corporate customers’ use of paperless trade for any financed transaction type. 

CargoDocs DocEx acts as a multi-bank platform, through which our Bank customers can use our ePresentation and BPO+ solutions. 

CargoDocs DocPrep+ can be combined with artificial intelligence via our ePres + AI solution, automating the digitalization of presented paper documents using OCR and machine learning.

Our Bank solutions are  used by 36 Global Banks, primarily in metals, agri, energy and chemicals trades ex-Americas and Asia.

Banks

Benefits for Banks

  • Streamline and automate document preparation processes via a centralized, collaborative platform
  • Provide your customers with the entire gamut of your trade finance products using eDocs
  • Optimise credit line utilization, improving cost/income ratio per customer
  • Eliminate risk of lost or fraudulent documents
  • Reduce risk when extending finance through greater control and visibility 
  • Save time and reduce operational risk associated with handling paper documents
  • Reduce DSO for your customers
  • Improve compliance, reducing reputational risk
  • Automate manual tasks such as running compliance checks
  • Future-proof your trade finance business  

All Bank Solutions

Digital Preparation

Digital Readiness Assessment (DRA)

Annual review to determine the progress of your trade digitization efforts

Analysis and advice on digitization, solution selection, change management and more, to ensure the success of your efforts

Digital Roadmap

ROI based roadmap prioritizing your digitization efforts quarter by quarter

Paperless Solutions

SCF Hub

Platform of third-party supply chain finance and/or eInvoicing platforms

Financial Messaging

Any-bank messaging for all import or export trade finance instruments via SWIFT or proprietary channel

Online application & 4-corner solution for BPO or combo of BPO plus eDocs; smart contract-enabled BPO+ manages eDoc auto-release and/or payment

Secure cloud-based solution allowing for the automated digitalization of presented paper documents using OCR and machine learning

Secure, cloud-based solution that enables the electronic signing and legal transfer of title (and supporting) documents

Secure cloud-based document preparation solution designed specifically for global trade

electronic Presentation of orginal eDocs under eUCP Documentary Credit (eUCP Presentation) and/or Documentary Collection (eDocumentary Collection)

eDocs enabled

Original liner (house or ocean) eB/L or bulk charterers straight negotiable eB/L built on the world’s largest eB/L network

Original negotiable or non-negotiable Warehouse Warrants or Warehouse Receipts

Electronic Insurance Certs (eIC)

Electronic application for an issuance of original, signed eIC

Add-ons

Integration/Single Signon

Add-on to any CargoDocs solution to allow for straight-through processing of data, eliminating data re-entry and multiple signons

Online/Onsite Training

Add-on to any CargoDocs solution for more personalized training

Network Development

Add-on assistance to build out your customer network on CargoDocs DocEx

DocPrep-as-a-Service

Add-on service to outsource the entire drafting work to essDOCS

Compliance Enablement

Add-on service providing per transaction compliance reporting for KYC, AML, sanction checks and more

Data Matching/Smart Contracts

Add-on to any CargoDocs solution to enable automation of key processes

Reporting

Add-on module to DocPrep and DocEx providing key trade KPIs