For
any large organization, seamless integration
of its business with banks is critical for
predictable and accurate management of payables
and receivables. With the global diversity
of buyers and suppliers, such integration
feeds into effective financial management
like Treasury, Liquidity etc. Also it eases
the efforts of reconciliation there by presenting
an accurate picture of the cash & bank
positions of the organization.
Polaris, with it’s over two decades of
experience in banking industry, has designed
"iCash", a solution that allows
ORGANIZATION'S ERP APPLICATIONS TO TALK
SEAMLESSLY WITH THE SYSTEMS OF THE BANKS.
The solution designed using Compound Document
Format (CDF) defined by W3C caters to the
needs of integration with the banking systems
using secured internet as a channel. It
also feeds into the Treasury and Liquidity
systems (if available) with the financial
department of an organization.
Key Features
Payments Messaging formats of over
50 countries
Domestic and Cross Border Funds Transfer
Inbuilt limits management to reduce
risks
Analytics on Failed transactions
High Security with minimal manual intervention
World’s Leading Restaurant Chains
with Presence in 60 Countries The
client was facing a lot of issues
with cash and bank reconciliations
and errors in accurate payments
to its business partners. PESL
implemented a solution that provided
the facility of auto processing
of payment, transmission of data
to bankers in a secured environment
and allowing the bank to make
payment transfers to supplier
accounts thereby automating and
streamlining cash and bank reconciliation. read
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