Cash Management Platform (iCashPro)
Enable your corporate customers to manage their receivables and payables most efficiently.
Aurionpro’s iCashPro product suite is a fully integrated, web-based, end-to-end Cash Management Solution for banks. Covering all facets of Cash Management including collections, payments, liquidity, post dated cheque, financial supply chain, dividend, and receivable matching, the solution enables banks’ corporate customers to manage their payables and receivables most effectively.
iCashPro consists of an independently functioning Internet Banking Front-End and Banking Operations Back-End, the architecture of which enables centralized hosting with access from branches or other operational centers. Common master files across modules reduce operational workload and increase cross-module interactions. The enterprise-scale platform enables the processing of large volumes of transactions as well as multi-currency, multi-country, imaging and Straight-through-processing (STP) capabilities.
Benefits of the system include:
- Improving collection times and enabling just in time payments
- Optimizing idle float and reducing borrowing cost
- Improving relationships with banks’ corporate suppliers and dealers
- Processing large transaction volumes
- Enabling solution customization through Workflow and Product Designer features
- Supporting multi-currency, multi-country, imaging, and STP features
iCashPro’s Collections module enables complete control of the process of collecting funds through electronic and paper-based modes, taking care of all credit arrangements and funds and instruments tracking. Post Dated Cheque features include vaults and bins that physically map the instruments, handling all special conditions including swaps, cancellations, and loss of instruments. The solution also tracks receivables on a real-time basis and facilitates reconciliation upon receiving funds.
The Liquidity Management module enables the management of all of a bank’s positions while permitting the collection of funds from decentralized entities. The module supports all types of sweeping and pooling mechanism by defining Concentration Account as Zero Balance, Target Balance, and Range Balance.
Mandate Management Module
This module provides a flexible and extremely automated system that enables the processing of direct debit transactions along with mandating validations.
iCashPro’s powerful payments hub handles all types of paper based instruments including Banker’s and Customer Cheques, as well as modern electronic instruments including IFT, UAEFTS, WPS, RTGS, SWIFT, and SARIE. The module helps banks manage large volume payments of dividend and interest warrants and helps to prevent fraud by providing a single window to reconcile all payments transactions.
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