Processing of Bank Facilities

The system also has a number reports based on both current and history data to help management in Bank Facility Management serves as decision making tool for higher management for their groups’ financial activities. This also takes care of the complete treasury activities of a company.

After processing the data the system generates report like the current facilities available for companies in different banks, utilization of facilities by companies from several banks, consolidated statements of financial commitments in a particular period for a particular division or company towards a bank or beneficiary, group wise or company wise collection forecast, etc.

It also includes the processing of bank facilities like, LC, LG, TR, Short term loan, Long term loan, etc. after calculating the cost involved in each activity. You will be to make apt decision which facility you may have to plan for your future commitments taking care of its cost and availability. It shall help you to take the decision to meet the future financial commitments after optimization of the companies’ existing financial resources and facilities.

It has interfaces to capture data with minimum effort which will be integrated with the existing financial and inventory system for the required planning/arranging funds and in decision making.

Facilities Types Covered In BFM

  • LC (Letter of credit)
  • LBD (Local bill discounting)
  • CD (Cheque discounting)
  • OD (Over draft)
  • TR (Trust Receipts)
  • Term Loans

Key Features of BFM System

  • Users Management
  • Roles and Access Rights
  • Facilities Limits
  • Facility Issuance Transactions

Bank Facility Management

  • Intercompany Transactions
  • Bank Charges Tracking
  • Letter of Credit
  • Trust Receipts
  • Bill Discounting
  • Cheque discounting
  • Over Draft
  • Terms Loan
  • Financial Reporting

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