FinnAxia Global Receivables Management provides a comprehensive set of features geared to manage bank’s corporate customers’ receivables needs. Global Receivables solution facilitates banks in defining flexible collection products based on corporate banking operating model, thereby, ensuring optimum fund consolidation viz; Cheques, Cash, I-ARMS, Invoices Matching, E-Receipts, Virtual Accounts and Direct Debits (Physical & Electronic). The solution is based on Java J2EE with web services to connect to multiple host systems for a seamless and integrated view.
Cheque Collections - With CDC-PDC management and Arrangement based credit for customer
Credit Line Monitoring through Risk Manager
Report scheduling (Incremental and consolidated) with password configuration options
Rich MIS for various business groups like profitability, volume, pricing, collection reports