Union Systems Launches Trade Finance Portal - SME Finance

Union Systems Launches Trade Finance Portal

Union Systems Limited, a leading financial technology company, has announced the launch of its new product, Optimus, the first multibank international trade finance portal in Nigeria. Optimus enables corporates to initiate, process, and manage all international trade transactions across their banks from a single portal.

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Optimus allows corporates to engage their supplier online real-time at the draft creation stage of Letters of Credit process. It is very secure and ensures interoperability between the corporates and their banks. Optimus is a cloud-based application.

With Optimus, corporates can process and manage all CBN forms without visiting the bank and have a single view of their overall credit line utilization at a group level, promoting transparency and efficient management of their bank credit lines. They can pay and print payment receipts of custom duties and NESS fees and manage all trade payment obligations across domiciled banks. Corporates can also track their shipment from any country of supply to Nigeria and easily know the expected arrival date of their goods ahead of time.

Union Systems Limited (USL), the maker of Optimus software, is an Information Technology Company that provides financial software solutions and professional services to major banks in Africa. The company provides software solutions to financial institutions to enhance their software capabilities, effectively scale processes, improve compliance and drive operational efficiencies.

Chuks Onyebuchi, Chief Executive Officer, Union Systems Limited stated that “We are very excited to introduce Optimus to the African market starting with Nigeria. Optimus has finally given corporates the control they have always demanded from their banks. It promotes collaboration on trade instruments among stakeholders unhindered by time zones, personal contact and channel. The product is intuitive making business users far less reliant on technical support from their IT staff and bank account managers.”

Optimus is the new trade finance superpower for corporates. With Optimus, corporates are in charge. To see how Optimus works, request a demo at www.optimus-mb.com

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