Global receivables management ensures effective management of debtors to eliminate risk of returns and losses caused by defaulters and delayed payments.
Cheque collection services are extended to include postdated cheque management supported with features of cheque discounting and in vault/warehouse operations
Virtual Accounts received along E-Receipts combined with ROBO structures further enhance the invoice matching and reconciliation process with remitter info identification to manage outstanding receivables more efficiently with exhaustive MIS.
Direct Debit being one of the safest and most reassuring ways of making payments, takes away much of the hassle associated with paying bills and putting an end to queuing at the bank and filling out cheques. Direct Debits are highly beneficial when it comes to collecting recurring revenues which further help maintaining and controlling positive cash flow.
It is considered as a trusted and secure method of payment
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.
FinnAxia Mobile Transaction Banking (mTB) is an offering for Additive (existing bank customers) and Transformational (new bank customers) transaction banking services. This banking software offers a wide range of mobile banking services with out of the box features across Payments, Receivables, Liquidity Management and Account services encompassing multi entity, multi-currency transactional banking solution.
FinnAxia Business Internet Banking is a delivery channel for bank's customers, offering convenience to bank anytime and anywhere. It allows banks to provide easy access to information from multiple back-end systems as relevant data into a single customer view.