Channel Finance Management
- Enables the Bank address
the channel financing segment by connecting seamlessly
with Dealers and Vendors on-line
Key
Product Feature
Comprehensive web user s registration
of dealer , vendor and logistic company
and system generates user id / password
and mail will be sent for confirmation
Dealers places the order thru web and
vendor prepare invoice against pending
orders using single entry.
Invoice wise arrangement /due dates
are prepared and uploaded.
Bank Logs in HUB Module & runs the
pooling process for all order received
and give credits to vendor.
Invoice wise vendor selects logistic
company for dispatch and tracking transport
movements
Logistic Company confirms the dispatch
and delivery to vendor
Dealer confirms the receipts and due
date of payment
On due date Bank Logs in HUB Module
& runs the recovery process bank recovers
the due from dealer.
Customer specific flexible invoice file
format definitions
In-built risk control through duplicate
checks against upload history and status
Support for reverting the repayment
status of invoices and back valued interest
computation in the event of a cheque bounce
Collaboration between dealer, vendor and
institutions Logistic movement tracking
HUB Model & Pooling/ recovery process
(G07.06)
Channel Finance product supports various
options such as Dealer Finance and Vendor
Finance
