ProductseBFSI
 
Banking Finance
eCommodity Based
Financing
eChannel Financing
eElectronic Inventory
Funding System
eBusiness Correspondent
Solutions
 
Travel Technology
Agri-Warehousing
Compliance
Management
Geology and Mining
eSchool 3C
 
 
Puratech has developed and implemented an integrated solution for a leading commercial bank in India that has national prominence and international presence. With a focus on commodity finance, the solution encompasses various modules of commercial operations right from sourcing of the account, operations, monitoring and control, recovery management, audit and closure through repayment.
 
 
Functionalities
Robust, Secure, Integrated and Completely Browser Based Application
Hubs and spokes configuration. Flexibility to link various branches/locations/units by simple user configuration
Integration with Core Banking System
Unit/branch data review at corporate level on real time basis
Integrated Roles and Rights management allows user defined access to the system
Activity Tracker for user level completed and pending activities on real time basis
Maker- Reviewer-Checker protocol defined for each process
Central Repository of Documents allows scan, upload and retrieval of documents. Unit level maintenance of Inward, Outward and Pending Report of documents.
De-dupe checks at the Service Provider, Customer and Security document levels. RBI/global defaulter list can be imported.
Insurance tracking at multiple levels- at the Warehouse Level, Service Provider Level, Borrower Level and at the tranche level
Commodity Setup and Margin Set up modules facilitate national and state level exposure caps for facility, warehouse and commodity both for value and quantity
Provision for substitution(replacement) of commodity
Multiple Repayment options- full, part and specific payments towards charges, insurance, penal interest and margins
Integrated margin call system - facility to upload data from various sources and run call margin on daily basis and generation of call margin alert letters and tracers
Inspection schedule configuration- warehouse/commodities
VaR Calculation for portfolio analysis
Complete Credit file maintenance
Multi user access
Audit trail log maintained for every activity
File upload facility for accounting transactions
Configurable to suit specific customization requirements
 
Security
User identification through User ID/password combination
Adoption of Static Password definable as per bank's Security policy
Password creation and maintenance is in compliance with bank specific standards (Forceful change, history, encryption, audit trail, dormant user, attempts, activity report generation, etc.)
Roles / Right Based User Profiles and Activities, Privileged Users and Access Control Concurrent user locks
Automatic logoff for unattended terminals and audit trail of login and logout status Activate / Deactivate User
Accounts on Run Time
 
Scalability
The software allows easy integration and linkages with various financial products and external applications respectively. Following products and external linkages can be integrated.
Tea Financing
Fund against Delivery Orders (FADO)
Linkages with financial applications (if required by the banks)
Price data uploads from Commodity Exchanges
Can be integrated with Bar Coding technology
 
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by Puratech Solutions (I) Pvt. Ltd.
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