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Working Capital Management

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9.2 million+ transactions processed daily on our systems

Working Capital Management

For corporates, multiple systems, banking relationships and processes tend to introduce higher costs, lack of visibility into cash flows, complex approval processes, operational risks, reporting challenges and a general lack of standardisation.

The best practices that are emerging includes having a single bank account for the entire group operated by in-House Banks or Shared services centres which maintain internal accounts/virtual accounts of the entities. Such structures provides better negotiations with bank for over-all financing needs of the group as well as minimizes the funds tied to multiple accounts thereby optimizing the working capital cost of the group while supporting monitoring of various divisions, units, project performance separately through virtual account maintenance which records transactions by such corporate in-house entities/nodal units.

POBO (Pay on behalf of)-ROBO (Receipt on behalf of)

POBO & ROBO features of FinnAxia and BIB supports maintenance of Virtual Accounts of the entities where accounting entries for incoming and outgoing funds information can be maintained helping the cause of maintenance of separate book positions. Such structures provides for better negotiations with bank for over-all financing needs of the group as well as minimizes the funds tied to multiple accounts thereby optimizing the working capital cost of the group.


Features:

  • Flexible and parameterized solution for tailor-made offerings
  • Account Statements via integration with CBS system or MT 940 uploads
  • Reports available to client via email, host-to-host or on demand through front end
  • Configurable reports from BIB allowing customer to select fields and maintain preference
  • N x N authorization matrix with a separate Maker, Verifier, Authorizer and Releaser functionality
  • Seamless Integration with downstream systems
  • Central information management for visibility, analytics and performance metrics
  • Cash flow forecasting tool with 'What if' scenario forecasting

Business Benefits

  • Reduced Operating Costs and enhanced operational efficiency
  • 360 degree account position view and balance consolidation
  • Reduce Business Risk
  • High business opportunity
  • Reduce risk from multiple decentralized processes
  • Supports customer to take decisions to unlock trapped cash and reduce interest costs

FinnAxia

FinnAxia Global Liquidity Management helps banks enable complete visibility into cash positions for their corporate customers. This results in better utilization of available funds and reduced interest costs through short-term bank borrowings. Liquidity Management helps the bank setup and manage complex cash concentration and pooling structures for automated fund transfer and consolidation within the group.

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