Case Study

SUPPORTING TRADE FINANCE PRODUCTS AT RAIFFEISEN BANK POLSKA S.A.

SUPPORTING TRADE FINANCE PRODUCTS AT RAIFFEISEN BANK POLSKA S.A.

Pages 6 Pages

SUPPORTING TRADE FINANCE PRODUCTS AT RAIFFEISEN BANK POLSKA S.A. CASE STUDYPROJECT OBJECTIVES Back in 2009 Raiffeisen Bank Polska required a mod- ern solution to manage a growing number of Trade finance products as well as an overwhelming amount of related paperwork. At that time the bank had been issuing around 300 guarantees a month, delivered to destinations across the country and abroad. As the process was highly for- malized, requiring a series of official approvals before the submission of each issuance order to the bank, it consumed a great deal of time and effort. While waiting for green lights to move forward with not only guarantees but letters of credit as well, both the bank and the corporates it catered to kept being flooded with a torrent of paper documents, whi

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