Fourteen Stages. One Accountable Procurement Process.
From your initial requirement to final delivery, SWIFT coordinates the critical stages of your cross-border procurement — giving you visibility, verification and accountability throughout the transaction.
From Requirement to Delivery.
Every SWIFT procurement engagement follows a structured fourteen-stage process designed to reduce uncertainty, optimize commercial outcomes and keep execution accountable.
Requirement
We capture exactly what you need to procure — specifications, quantity, destination, commercial objectives, timeline and sourcing preferences.
Market Research
We assess relevant supply markets, availability and commercial conditions to frame the right sourcing approach for your requirement.
Supplier Identification
We shortlist suitable suppliers and counterparties through our global network, market intelligence and established relationships.
Verification
We verify business credentials, physical presence, trade history, licenses, banking details and capacity — with on-ground verification where required.
RFQ
We issue a structured request for quotation and gather comparable commercial offers from the shortlisted counterparties.
Negotiation
We negotiate price and terms and evaluate the Total Procurement / Landed Cost — not the headline quotation — before proceeding.
Inspection
We coordinate supplier, factory or warehouse inspection against your requirement where the transaction calls for it.
Samples
We arrange product samples where the specification needs to be confirmed physically before commitment.
Sample Approval
You review and approve the samples against the agreed specification before production or shipment proceeds.
Contract
We formalize the agreed scope, specifications and commercial terms in a clear contract between the parties.
Payment Term Finalization
We finalize secure, transaction-appropriate payment terms and instruments with the counterparty.
Freight
We arrange freight and shipping, coordinated for cost, transit time and reliability to your destination.
Customs
We coordinate export and import clearance, duties, taxes and documentation across borders.
Delivery
We track the shipment through to final delivery and close out the transaction documentation.
Engage SWIFT the way your transaction needs.
Take the entire procurement transaction off your plate, or plug SWIFT into the single stage where you need capability.
End-to-End Procurement
SWIFT coordinates your complete transaction — from requirement to delivery — as your single accountable partner.
Submit a requirement →Targeted Support
Engage SWIFT for the entire procurement transaction, or for a specific stage where you need capability — verification, negotiation, inspection or logistics.
Discuss your stage →Supplier Verification
On-ground checks of identity, physical presence, capability and track record before a counterparty enters your transaction.
How we verify →Quality & Inspection
Samples, testing and pre-shipment inspection coordinated against your agreed specifications.
Inspection scope →Import & Export Execution
Contracts, payment terms, freight, customs and documentation coordinated through to final delivery.
Trade execution →SWIFT's commercial model is transaction-specific and may involve a service or procurement fee, commission or trading margin, depending on the engagement.
One Procurement Team. Multiple Capabilities.
A single accountable partner, coordinating the capabilities your transaction needs — from requirement through delivery.
Procurement Lead
Understands your requirement and manages the engagement.
Sourcing & Verification
Identifies and validates suitable counterparties.
Quality & Inspection
Coordinates samples, inspections and quality verification.
Trade & Logistics
Coordinates payment, freight, customs, documentation and delivery.
A designated SWIFT representative coordinates the engagement and remains your primary point of contact.
Every Critical Document, Accounted For.
The transaction generates the paperwork that protects it. We coordinate the documents that matter across the procurement lifecycle.
Commercial Documents
Quotation · Proforma Invoice
Quality Documents
Inspection · Testing Reports
Trade Documents
Commercial Invoice · Packing List
Logistics Documents
Bill of Lading · Air Waybill
Customs Documents
Import · Export Documentation
Transaction Records
Relevant payment and delivery documentation
Documentation is maintained and shared according to the transaction structure and applicable regulatory requirements.
How We Work, Answered.
How does SWIFT verify suppliers?
Can you source from a country specified by the buyer?
Can you manage the entire procurement transaction?
How do you optimize total landed cost?
Can you arrange physical supplier or product inspection?
Can SWIFT import/export on our behalf?
How are commercial terms structured?
What types of businesses do you work with?
Can you source products outside your listed categories?
Which countries and markets do you currently cover?
Ready to Procure Smarter?
Tell us what you need to source. We'll assess the requirement, relevant markets and potential procurement approach.
For established businesses with serious procurement requirements.