CASH MANAGEMENT SOLUTIONS
In today's highly competitive marketplace, efficient management of working capital is important for the well-being of a corporate. The two major aspects of a corporate's working capital are Accounts Receivables and Accounts Payables. Our perfect blend of technology and banking expertise helps us build efficiencies into our customer's business cycle through our highly commended Receivables Management and Payables Management solutions.
Management of working capital is very essential for a corporate in order to achieve sustainable business model. Working capital, the difference between a corporate’s current assets and current liabilities, is required to support the day-to-day financial operations. Our Cash Management Service aims to streamline the domestic supply chain business flows of the corporate by optimizing the payments and collections cycle and by providing superior liquidity management options. At YES BANK, we provide structured and customized solutions to manage the operational, administrative and regulatory activities of a corporate in a coordinated and efficient manner.
Our in-depth understanding of the business enables us to partner in the growth of our customers.
Please click here to refer to the Terms and Conditions for Cash Management Services (CMS)
State of the art and secure methods of implementing server to server integration
State of the art and secure methods of implementing server to server (Host to Host) integration:
File based and API based transaction processing
Successfully deployed API based Webservice integration with a leading e-commerce player to handle voluminous refund payments.
API based web service deployed to overseas exchange houses for transacting under the heavily regulated Rupee Drawing Arrangement.
Industry standard and Award winning Managed File Transfer mechanism of secure and instant transmission of files from Customer's end to Banker's end for onward processing.
Non dependence on SFTP infrastructure. This eliminates Info Sec vulnerabilities
Ability to provide custom ABAP codes (Software Programs compatible with SAP) which can be deployed in SAP for extracting payment information in a seamless manner.
Automatic Reconciliation capability with industry standard ERP’s like SAP, Tally etc.
Dispatch of industry standard Account Statement formats like MT940 or any other format as may be required by the Customer.
Proven capability of integrating with Customer end native systems /ERP&rsquo
Trade Finance
YES BANK is one of the leaders in providing innovative and structured Trade Finance solutions
Key Offerings
Capital Account Transactions
Import Finance
Export Finance
Inland Trade
Trade Services
Receivables & Payables
What is it for the Customer?
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Best in class Information Security apparatus
Best in class Information Security apparatus be it as a form of second factor of authentication at the time of login in Corporate Net Banking or as a mechanism of securely transmitting files/data from the client’s server to YES BANK servers for onward processing.
Onscreen Transactions to registered beneficiaries
Cooling Period for Beneficiary Registration
Duplicate Payment/File validations
Auto deactivation of NetBanking ids after a defined period of inactivity
YES BANK has created product offerings specially catered to meet the requirements of all customers
Cognizant of compelling business reasons for resorting to an offline mode of transaction initiation YES BANK has created product offerings specially catered to meet the requirements of such customers.
Through Multiple product offerings like Managed-PKI (a solution which secures email traffic between corporate customers and the Bank) and REL-ID (a state of the art secure messaging app which creates a virtual tunnel between the corporate user’s devices like desktop/laptop/tab/mobile and the bank)
Agility in enabling customizations to suit specific legacy requirements of customers
Agility in enabling customizations to suit specific legacy requirements of customers
File format adoption (Ability to provide solutions for all kinds of legacy file formats and industry standards like ISO 20022, I Docs)
Customized Advices to beneficiary as email/sms
Customized validations on data provided in the file
Beneficiary master maintenance and validations thereof
Safe and secure transactions
A role based authorization matrix ensures safe and secure transactions for the customer eliminating the chances of erroneous payments.
Straight-through Integration with RBI and NPCI
Straight-through Integration with RBI and NPCI for various electronic payment mechanisms enables seamless transaction processing.
Multi transaction type bulk file upload facility for electronic payments
Remote Cheque/DD printing at 16 locations and centralized Cheque/DD printing from two state-of-the-art ‘National Operating Centers’ in Mumbai and NCR
Client side Cheque printing facility that enables customers to print their own cheques in their own premises 24/7
Allows Corporate customers to register and pay utility bills online.
Allows Corporate customers to register and pay utility bills online.
Auto Pay facility provides for hassle free and regular payments of utility bills
Helps centralize the Bill Payment process in cases of multi office/branch corporate entities.
Payment of Direct/Indirect taxes
Payment of Direct/Indirect taxes
Direct Taxes – Challan 280/281/282/283
Indirect Taxes – Service Tax, Excise Tax, Value Added Tax
(For Maharashtra and Delhi), Central Sales Tax (Select States)
Integration with Port Community System
Dedicated resources for Product, Sales, Implementation and Tech Helpdesk
Dedicated resources for Product, Sales, Implementation and Tech Helpdesk to provide end to end support for solutions implemented.
Online receipt of funds allowing client to optimize Fund Management.
Online receipt of funds allowing client to optimize Fund Management.
Time and effort of reconciliation is eliminated as the sender is validated and MIS for only valid transaction is made available.
Logistical issues of collecting physical instruments/cash is eliminated.
In case of online update of transactions, the client’s ERP is automatically reconciled with Bank transactions.
Minimum Manual Intervention, 24x7 Accessibility, Integrated Fund Management
Seamless: Minimum Manual Intervention, 24x7 Accessibility, Integrated Fund Management
Cost Benefits: Paperless Process, Pre-fed bidder details, Elimination of Travel/ Communication Expenses
Convenience: Integrated EMD Collections, Auto Refunds, Alerts (Bidder/Government), Single Sign-On
Security: Multiple Level Security features (System, Application, User, Data & Transaction), PKI Infrastructure, Audit Trails, PCI DSS and SSL Certification for IPG
Mandatory Data Retention: Data Centric Architecture, Financial Data Retention
Transparency: Bidder/Bid Encryption, Public Invitation & Results of Tender, Live Auction
Enables Corporates to Automate Invoice Monitoring
Enables Corporates to Automate Invoice Monitoring
Enables Dealers to view their respective dues
Interactive model – capability to view, challenge and pay invoices
Enables Corporates to reconcile payments
Provides Dealers with capability to pay multiple invoices
Reminders/Alerts – Predefined
Business Intelligence Reports
Auto adjustment of discounts, taxes etc
Multiple payment modes – Payment Gateway, RTGS, NEFT, Cheque and Cash
Standardized One-Time instruction form (Debit Authority) across banks
Standardized One-Time instruction form (Debit Authority) across banks
Unique Tracking number for each Debit Authority Form
International Standard (ISO20022) messaging format
Defined TAT’s for Debit Authority Format (mandate) registration and transaction settlement
Flexibility to capture key consumer details like Ledger/Folio/Policy number, enabling faster reconciliation
Centralized processing platform, eliminating dependency on regional/location level issues
200+ Participating Banks on NACH platform includes all major private and public sector entities.
No Paper work
No Paper work
Simplified Processed
Facility available 24x7 on all Business days.
Taxpayer can make payment on behalf of the firm, company and others
Online Challan/Cyber receipt download and re-generation facility
Cash Acceptance by a BNA Machine is 24 X 7.
Cash Acceptance by a BNA Machine is 24 X 7.
Credit of cash accepted by BNA is instantaneous in customer’s account with YES BANK.
Notes of denominations of INR 100, 200, 500, and 2000 will be accepted.
Capability to accept up to 200 notes in a single transaction.
Each BNA has a capacity of 10,000 notes distributed across 4 cassettes of 2500 notes each.
Flexibility to capture a 15 digit numeric reference number for each deposit in the account narration.
Acceptance of card less deposits
Designed and configured to identify non machine readable currency.
Dimension of a BNA machine - 63”X 23” X 31” (H x W x D). Minimum Space required is 89”X 64” X 76” (H x W x D), this includes space for maintenance and ventilation
VISA/Master Card Acceptance
Turbo Checkout : Auto-filling of details for registered users; leads to faster payments and lower drop outs/failures Dynamic Rule setting for merchants: To offer discount / Benefits on Cards User friendly Invoice Management Interface: Features like Email invoicing Graphically Real time MIS reports Integration with Mobile App Support across iOS , Android, Windows, Blackberry platforms
SMS/Email E -Receipt for customer
SMS/Email E -Receipt for customer
Encryption of transaction for data security
Facilitate 16 currency transactions
Total transparency and Convenience to cardholders through display of information on exchange rates and payment amounts in both the currencies
YES Bank offers cheque and cash deposit acceptance on behalf of Corporate at
YES Bank offers cheque and cash deposit acceptance on behalf of Corporate at
Own 200+ locations spread across 430+ branches
300 branches in over 195+ locations under OTC model where validation can be performed
Corr Bank locations covering 900+ locations for local collections and 2500+ locations for outstation collections
YES Bank offers cheque and cash deposit acceptance on behalf of Corporate at Own 200+ locations spread across 430+ branches 300 branches in over 195+ locations under OTC model where validation can be performed Corr Bank locations covering 900+ locations for local collections and 2500+ locations for outstation collections
Individual instrument level details are captured
Individual instrument level details are captured which includes details like location, pick-up location, pick-up point, deposit slip number, instrument number, etc. Any additional details like drawer name, drawer account number, policy number, etc., can also be captured and shared.
Our CASH WEB facility on our Internet Banking platform gives details of instruments handled along with Status
YES BANK’s collections services provide a business with benefits like
YES BANK’s collections services provide a business with benefits like
Improved availability of funds
Monitoring and Maximization of Cash Flows
Enhanced Operational efficiency due to accurate Management Information Systems
YES BANK has a complete and dedicated service desk to adhere and resolve all queries pertaining to CMS.
This unique platform which enables tracking of deposit from pickup to bank deposit.
This enables an ability to provide a centralized MIS and funds collection in the main account of the client.
Report unveiled by Mr. Rana Kapoor, MD&CEO YES BANK and Mr. Saurabh Srivastava, Co-Founder & Past Chairman,...
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Digital Wallet with free Virtual card and UPI which can be used to send/receive money, mobile/DTH recharge, pay bills and much more
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