| April, 2008. Romania’s leading bank Banca Comerciala Romana (BCR) have signed a purchasing agreement with China Systems, the world’s top trade services solutions vendor, for their Eximbills Enterprise J2EE Factoring solution.
Eximbills Enterprise ™ is an established global standard installed by many international banks to meet their trade services processing requirements. It combines a Rapid Application Development toolkit with a flexible base business model, providing support for Traditional Trade, Open Account, Supply Chain Finance, and Payments operations.
Following an extensive review of the Factoring solution market, BCR decided to select China Systems’ solution for its high flexibility, powerful functionality and cross-platform capabilities.
Elena Dinu, Executive Manager Factoring and Trade Division for BCR, said, “We have chosen China Systems’ solution for their top market position in software solutions in the trade finance area, its adaptability to Romanian market needs, extended capacity for further developments, user friendly characteristics, quick time response and efficiency / cost ratio.”
Angus Sutherland, Sales Manager for China Systems, added, “We are delighted to add BCR to our growing list of clients. The leading position BCR enjoys in the market and the detailed process involved in their selection make this an important win for our J2EE Factoring solution.”
About BCR
BCR, a member of Erste Bank Group, is the leading bank in Romania, with 25% of the market and managing assets of over EUR 17.5 billion. The bank has 473 branches and agencies throughout the country, with outlets in most towns and cities with over 10,000 inhabitants.
BCR is currently the most important Romanian financial group, with diversified domestic and international activities through its subsidiaries and agencies, being an outstanding player of the capital, leasing, insurance and asset management markets through the specialized companies of the BCR Group.
About China Systems
Established in 1983, China Systems is today's largest trade services solutions vendor in the world, with offices throughout Europe, North America, Asia, and the Middle East. Eximbills, our world-renowned back office trade finance system and China Systems' flagship product, is used by more than 250 customers in more than 75 countries worldwide.
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