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Bank of Jiangsu goes live with Phase Two of Eximbills Enterprise implementation

December 2010. World leading trade finance solutions vendor China Systems announced that Bank of Jiangsu has gone live with the second phase of their implementation of Eximbills Enterprise, China Systems' core trade finance product.

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.

The first phase of the project was successfully carried out from October 2008 to November 2009, marking the first independent implementation of the standard version of Eximbills Enterprise in China. As Bank of Jiangsu had just then been formed from a merger of ten city commercial banks a year earlier, completing the first phase of the project within a little over a year was a major achievement that involved the integration of business services and all peripheral systems from three legacy systems. The integration also included the bank's SWIFT Message Management System.

Bank of Jiangsu is the largest city commercial bank in China. It was restructured from a cluster of ten city commercial banks in East China's Jiangsu Province in 2007. These ten banks operated in the cities of Wuxi, Suzhou, Changzhou, Zhenjiang, Yancheng, Yangzhou, Nantong, Lianyungang, Huai'an and Xuzhou. Bank of Jiangsu has more than 420 service outlets, covering all prefecture-level cities in Jiangsu and branches in Shanghai and Shenzhen, and will open more branches in developed areas.

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 150 customers in more than 75 countries worldwide.