Corporate Payments
VTransact DigiTB – Collect
VTransact DigiTB – Collect is a one-stop, end-to-end solution with core banking functions. In today’s disruptive times, it offers a heady mix of technology and business solution. It acts as a one-stop middleware platform integrating all the bank payment and receivable digital channels with Core banking. The workflow is driven by technology and surpasses the traditional modes of debt collection. The lifecycle management is easily handled by the API and Web design services provided.
The range of solutions also includes various adaptors that act as an interface and communicate between the applications, enabling banks to interact with corporate business systems.
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Solution Highlights:
- Comprehensive suite comprising a heady mix of technology and business solution.
- Acts as a one stop middleware platform integrating all the bank payment and receivable digital channels with Core banking.
- Workflow designed and curated on basis of modern tenets of banking.
- Supersedes traditional modes of debt collection in terms of lifecycle management and time optimization.
- Effective lifecycle management through API and Web design services.
Features:
- Virtual Account Management (VAM) with multitier functions
- Electronic Invoice Presentment with a dashboard to give a graphical representation of all the data transactions, invoices, and settlements
- The collection on behalf to centralizing collection initiation of receivables on behalf of other entities and reconciles centrally
- digital mode of communication to engage with the line of consumers
- Enable diverse and flexible payment plans with Request to Pay (RtP)
