iCashPro is a an efficient and dynamic cash management system for the banks and financial institutions.
iCashPro is fully web-based, J2EE compliant Cash Management software which covers all the facets of Cash Management. Collections, Payments, Liquidity, Post Dated Cheque, Financial supply chain, Dividend and Receivable matching modules are provided under a single system where users need to login just once to access multiple functions. Its architecture enables centralized hosting with access from branches or other operational centers of the Bank. Common master files across modules reduce operational workload and increases cross module data.
iCashPro consisting of Internet Banking Front-end and Banking Operations Back-end, which can function independently. iCashPro helps in processing large volume of transactions. It offers product customization using workflow - product designer along with multi-currency, multi-country, imaging and STP functionalities.
Internet Banking Front End
iCashPro provides a web-based front end which can be used by the corporate to initiate various transaction and view the consolidated reports/transactions on a real-time basis for all the services it opts for . This module has an interface with the Back end to provide access to all the cash management transactions such as Collections, Payments, Receivable, Payable and Liquidity Management under one Window.
Banking Operations Back End
Web based back end provides a closely woven suit of modules taking care of all the Cash Management functionalities of Collections, Payments, Liquidity Management and Financial supply chain. Each of the modules can function independently or in collaboration to the existing modules.
Conspicuous Modules
iCashPro web-based suite offers:
Payment Module
Payments Module handles the customer requests for single/bulk payments in Paper and Electronic Modes.
Dividend Processing
Dividend Processing helps banks to manage large volume payment of Dividend and Interest warrant for the Corporate and provides a complete picture of the dividend warrant account.
Collection Module
Collection Module handles the customer requests for collection of funds through electronic and paper based modes taking care of credit arrangements, funds and instruments tracking.
Post Dated Cheque Module
Post Dated Cheque Module has vaults and bins that physically maps the instruments taking care of special request like swaps, cancellation and loss of instruments providing a link with the collection system.
Receivable Management Module
Receivable Management module will track the receivables on real time basis and facilitates recon on receipt of funds and marks off outstanding.
Financial Supply Chain Management
Financial Supply Chain Management module will do the end-to-end management of the working capital. It represents the extension of information logistics beyond the physical supply chain into the financial supply chain by making possible exchange of electronic information, reducing the timelines for conducting business and facilitating the Bank to provide JIT finance to the suppliers or dealers
Liquidity Management Module
Liquidity management module will manage the corporate liquidity by offering various techniques as below:
A. Notional Pooling
Pooling involves the notional offsetting of debit and credit balances, without any movement of funds between accounts.
B. Sweeping (Cash Concentration/ Zero Balancing)
Sweeping involves automated movement of funds between two or more accounts based on pre-defined instructions (rules/parameters)
Financial Supply Chain Management
iCashPro can be easily configured to be used on an ASP basis. Also, due to its workflow based design it can be configured for a BPO model.
Business User
Operational User
Administration and Maintenance User
Compliance Perspective