Organization worldwide uses Transaction processing systems with direct client interface to manage receivables. Industries like Telecom and other similar industries with large client bases, offer their client multiple payment options through various channels. These payments flow into the accounts held in various banks. Multiple payment options is a convenience demanded by the customers and more flexible the payment options are, the prospects of retaining the customer and realizing the funds becomes easier, smoothening the overall business cycle.
Features
Features
- Flexible, scalable that can be tailor made across verticals. Very useful in Telecom/ Insurance/ Banks & Businesses with large client bases.
- Can handle data from disparate systems and bank statements in multiple formats. Data can be brought in from Payment Gateways/ Collection accounts/ Pooled accounts/ Current accounts, deposit accounts and from ERP systems.
- Ability to reconcile reconciliation in a multi-pronged manner – Between two systems or multiple systems.
- Auto match/ Manual/ Force Matching
- Matching of Single Entry/ Multiple Entries.
- Speedy implementation
- Speedy Implementation.
- Scalable and can be customized to suit the business model of any organization.
- Exhaustive MIS facilities.
- Will lead to better utilization of funds and customer service