S1 System Automates Order Processing
S1 Trade Finance Purchase Order Processing System performs global trade-related purchase order processing and tracking for a bank's trade finance customer base.Financial service software provider S1 Corp. announced Monday a new system to help financial institutions automate their order processing. The S1 Trade Finance Purchase Order Processing Systemor POPSis jointly developed with Bank of America, which is also installing the system. What POPS provides is a single system that performs global trade-related purchase order processing and tracking for a banks trade finance customer base.
The POPS system is for both smaller customers that use S1s trade finance client-access system and large customers that interact with the bank via EDI (electronic data interchange).