In the rapidly transforming business world of today, banking faces its biggest challenge yet - the challenge of constant change. With everyone seeming to offer everything, efficiency coupled with innovative value-added solutions have emerged as the key business differentiators affecting the bottom-lines of banks. Confronted with shrinking deposits / margins, rising customer expectations and intensifying competition, banks must at all times, strive to be a step ahead of industry standards.
At the same time, they cannot lose sight of credit risk, a natural byproduct of the increasingly complex relationships in today's extremely dynamic markets. From a product-centric approach, the focus for almost all banks today has shifted emphatically to the customer. And success today is all about bringing the maximum possible delivery channels to the prospect's doorstep. The mantra is simple “Address the customer's needs, both spoken and unspoken, now or never”.
For some time now, technology has been the key driving force behind virtually every human endeavor. And banking is no exception. Today, technology isn't just revolutionizing core competencies for banks, it is actually changing the way their customers do banking.
In such an environment, the ability to recognize and capture market share depends entirely on the bank's competence to evolve technically and offer the customer a seamless process flow.The objective of a cash management system is to improve revenue, maximize profits, minimize costs and establish efficient management systems to assist and accelerate growth. It is the closest a bank can come to being everywhere, all the time.
Cash Management Solution
Effective funds flow management isn't merely important; it's vital. Nucleus’ Cash Management Solution -Cash@Will™, built on new generation technologies of Oracle empowers banks to offer their corporate customers optimized cash management services, dramatically improving funds collection and inflow forecasting, payment dispatch and funds utilization. It provides anytime, anywhere access to quality real-time consolidated information and seamlessly supports multi-bank, multi-currency, multi-lingual transactions, ensuring smooth flow of information and cash.
Nucleus' BankONet™ is a powerful Internet banking platform, a 24x7 online bridge that helps boost a bank's relationship with customers.An independent product coupled with the Cash@Will™ it serves interface, enabling the bank to offer single point access to various value added products and services to its customers. All other parameters being equal, how well an organization manages its collections, payments and liquidity has a direct bearing on its status, against a competitive backdrop.
Functionality Modules:
| Collections |
Payments |
Liquidity Management |
Reporting |
Receipts management for paper based as well as electronic instruments for corporate customers of the bank.
more... |
Offers paper based and electronic payments processing for the corporate customers of the bank.
more... |
Enables the bank to provide cash concentration services, Notional Aggregation of funds and Netting services to its corporate customers.
more... |
Enables online reporting as well as scheduled reporting through the corporate customer front-end.
more... |
|
[Since 1986]
