Portal for International Guarantees
ping is a web-based workflow system built for international corporations granting guarantees to their customers worldwide.
The major features are:
- Guarantee approval workflow engine
- Online request form with dynamic field help and data validation
- Automated generation of unique guarantee reference numbers
- Dynamic workflow with automatic alerts and notifications
- Guarantee text/draft contract library with search functionality
- Billing of internal services to divisions or business units
- Standard and dynamic reporting
- Credit risk report
- Exposure variance report
- etc
- Guidelines, procedures and notice boards
- System administration
- Dynamic handling of user roles and security
- Daily import of foreign exchange rates
- Archiving
Gaurantee types supported
- Bank Guarantee - Letter of Credit issued by a third party bank
- Surety Bonds issued by a third party insurance company
- Parent Company Guarantees issued by the head office
- Letters of Comfort issued by the head office
Your Return on Investment
- Higher efficiency through
- better quality data entry at the source therefore re-duced central data entry and correction work
- online help, therefore fewer enquiries
- clear procedures and workflows, therefore fewer ad-ministration errors and misunderstandings
- faster approval processes due to electronic document flow and mail alerts
- pre-approved guarantees are delivered on time to the beneficiary
- Online reporting for involved parties within minutes
- Internal billing and data reconciliation in much less time
- Proper utilization of the Credit Lines
- Compliance with contractual obligations and internal policies