VTransact DigiTB – Collection
Effective cash flow management is pivotal for sustaining business operations, particularly in scenarios where businesses operate across international borders, exacerbating the complexities of liquidity management. VTransact DigiTB -Collections addresses these challenges comprehensively by providing corporates with a robust solution to efficiently handle cash and cheque collections from both banks and vendors.
This platform serves as a centralized hub, facilitating streamlined management of receivables and ensuring timely collection processes. The platform extends its benefits beyond internal operations, offering seamless integration with external partners and vendors, fostering stronger business relationships and enhancing collaborative efforts in financial management.
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Key Capabilities
Flexible, Customized Collection Products
- Flexible, customized collection products: cash, cheque, mandates, electronic fund transfer.
- Supports collections via branch banking, PG, POS, ATM/CDM, kiosk, and third-party cash pickup.
- Manage arrangement-based collections, funding, and credit arrangement.
- End-to-end physical collection management including scanning, data entry, and monitoring & clearance.
- Advanced virtual account capabilities with hierarchy support and budget management.
- Rule-based receivables matching for high reconciliation accuracy.
- Platform to manage corporate business partners and vendors.
- Electronic collections via direct debit, including QR-based mandates.
- Remote cheque deposit with OCR technology.
- Doorstep banking with cash delivery and exchange services.
