TradeSun Introduces Version 3.0
New cloud-based version released with advanced AI capabilities
San Diego, CA – December 15, 2019 – TradeSun announces the introduction of its advanced cloud-based Version 3.0. This AI-rich automation solution adjudicates letters of credit and bills for collection processing, including error and discrepancy checking and compliance and fraud detection.
A recent on-site pilot using Version 3.0 with a US regional bank demonstrated the superior power of TradeSun in flagging document discrepancies in letters of credit and flagging potential compliance hits and fraud. Efficiency gains from the trial evidence a 261% productivity increase handling Letters of Credit. Additionally, the trial processed export bills for collection and once again demonstrated a 341% production increase in Bills for Collection processing time, including the flagging of potential compliance hits.
CEO of TradeSun Nigel Hook stated, “This cloud-based Version 3 offers banks and trading companies an outstanding ROI, ease of implementation and accelerated AI learning.” Hook added that TradeSun is in discussion with a number of banks and trading and shipping companies regarding various applications.