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Misys named as Best Trade Finance Software Provider in GTR awards

Misys, the global leader in financial services software, has been voted as “Best Trade Finance Software Provider” for the second time in three years in Global Trade Review’s GTR Leaders in Trade 2013, voted for by a panel of senior trade finance professionals and industry experts.

The award further confirms Misys’ leadership position in trade and supply chain finance, with the firm’s continued investment in its integrated front-to-back trade finance solution setting the company apart from its rivals. The latest version of the system has been developed in collaboration with Misys customers. It has recently been selected by four global tier one banks for its unique capabilities in global processing, its cross functional online portal offering and powerful functionality in tailoring systems to the needs of the user.

As banks look to take advantage of new global trade flows and seek margin improvements in their existing business, a recent survey of transaction banking participants showed that 56 per cent believe that streamlining their operational processes around trade finance is key to future growth.

“As the Trade Finance market has evolved, banks are seeking a return on their existing investment in new trade and supply chain finance products,” commented Enrico Camerinelli, Senior Analyst, Aite Group. “We see them turning to partners who have the reach, technology and the experience to help unleash the nascent potential in their trade finance business. In a mature sector there is potential to maximise the return from existing services by finding better channels to market, serving new corporate segments and streamlining international back-office processes.”

David Hennah, head of product management, trade and supply chain finance, Misys, adds. “We are honoured to be awarded this by GTR and its distinguished editorial panel. We are delighted to continue our leadership position by taking a forward-thinking and collaborative approach to our roadmap development, in partnership with our strategic users.”

This year there were changes to the way GTR judged its “Leaders in Trade” winners. The magazine’s global and regional editorial boards, including many tier-one banking organisations, were asked to vote in favour of the leading banks, software providers and other organisations in the trade finance market.