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Proponix®
Proponix enables banks to buy trade and supply chain finance technology as a service on a “pay as you go basis.”
The integrated trade and supply chain finance Platform enables banks (and their customers) to utilize Proponix's suite of trade and supply chain finance systems to perform both front and back-office transaction processing. This service includes access to a trade portal, workflow and imaging, a back-office trade processing system, and a reporting system. The result is a cohesive, integrated technology platform, not a jumble of mismatched systems, processes and resources.
The integrated trade and supply chain finance Platform also allows banks to:
- Achieve overall processing efficiency and transaction cost reduction with projected savings of 30-50%
- Access a common global platform built uniquely for multi-bank, multi currency processing which allows banks to standardize their global technology platform and also to consolidate their operations
- Reduce technology ownership costs by leveraging a shared services infrastructure and development costs
- Focus on core competencies
- Access an innovative solution that is constantly evolving to meet the ever changing needs of the market without the ongoing capital expenditures required to stay competitive
The platform also enables banks to offer white-labeled insourcing business to other banks.
Proponix Technology Platform
Banks can start reaping the benefits of the Proponix service by simply accessing its integrated trade and supply chain finance platform. These benefits cannot be achieved through tinkering with existing systems, but only through the adoption of a single integrated platform. Additional features of the Proponix platform include:
- Ubiquitous access - Internet-based systems that can be accessed anywhere in the organization through a Web browser
- Component-based, object-oriented systems architecture that facilitates evolution and adaptabilty for future offerings
- Integrated imaging and workflow capabilities that provide a mechanism to automatically route, manage and allocate priorities to work assignments
- Dynamic functionality as a result of the flexible, data-driven architecture that regulates much of systems' behaviors
- Multi-lingual architecture that offers the ability to generate documents in multiple languages. The Proponix systems currently support both English and French documents; additional languages can be added as requested.
- Advanced reporting engine - Over 100 baseline reports incorporated with ad hoc reporting capabilities
- Standard interfaces in XML formats are available to exchange information between Proponix and its clients
- Message queuing via IBM WebSphere MQ is used to transport interface messages across the network. A complete audit trail is maintained for all exchanged messages, assuring “once-only” message delivery
- Real-time electronic delivery and inquiry of trade transaction data
- Centralized Data Center Operations built for high availability and maximum scalability
- 24x7 help desk, technology operations and applications support
- Highly secure applications and infrastructure architected for the rigid security requirements of banking clients
To date, over 200 man-years of research and development have been invested in the technology solutions that are comprised within Proponix's service offerings.
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