HOME ABOUT US PRODUCTS SERVICES CAREERS REACH US

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     Electronic Inventory Funding System (eIFS) Application is a customized solution developed by Puratech Solutions (India) Pvt. Ltd., in wake of the growing exposure for Inventory funding by Banks across India. Many commercial banks are in the line of business of financing on Inventory or Dealer Financing. eIFS application will facilitate managing financial transaction related to Anchor, Dealers and Suppliers. The application will enable rule based transaction processing, interest computations, provide information about the delinquency and management of recourse incase of prolonged delinquency, do accounting of transactions and carry out interfaces with the Core Banking System of the bank. Manufactures / Anchor / Suppliers can be set up in eIFS system with limit allocations primarily to different categories and subcategories of the product market segment the anchor is in business of. These limits in turn are allocated to different Dealers based on their cash flow requirements which can further be sub-allocated regional or operation zones of the Dealers for better monitoring and control. The application has been developed on a complete Web-based technology platform that integrates entities of a Financial Eco System: Anchor Customer, Dealers, Suppliers and Bank’s Core.   Features Segment / product setup Discounting matrix setup for segments Anchor / Manufactures setup Dealers Setup Core bank account mapping Online Draw down by Dealer Option for Online Draw down by Manufacture using excel file upload batch process for multiple Dealer accounts Bank’s Q for approvals in cases of CAP bust Core Bank integration for draw downs Automated adjustments on FIFO basis for repayments Manual repayment option for account maintenance EOD hand off files for service charges and Service tax EOM hand off files for NPA and interest postings MIS / account maintenance Limit enhancement process for Dealers / Anchor Adhoc or Temporary limits for drill down with Bank’s Q process   Back

© 2018. All Rights Reserved by Puratech Solutions (I) Pvt. Ltd. HOME ABOUT US PRODUCTS SERVICES CAREERS REACH US