The product of cash management from SBI is technology-driven and the complete network is connected through V-SATs and leased lines. Under SBI F.A.S.T., client’s funds are directly transferred to the main account of the client (at any one or more among the65 Pooling Centers) from the several collection centers on that very day so that they are cleared at the centers. Disbursement and payment services are also offered by SBI FAST through a separate module of Debit transfer for facilitating payments at various plant locations and expenditure centers.
On a daily basis, detailed MIS reports that cover location-wise credit and cheque returns, and location-wise presentations are made available at Corporates’ Head Offices. These are also made available at the local offices / representatives at the different centers of the client via Email. SBI also customize the MIS reports for meeting the requirements of the clients’. Daily or monthly MIS reports are sent to the clients via email. Complete reconciliation support is offered centrally from SBI hub at Mumbai through the service of a dedicated team.
For more information on other cash management software, click to the links offered in our site www.cashmanagementsoftwares.com
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