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Cash Management Services

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.

Key Attractions

PAYMENTS MANAGEMENT

CASH MANAGEMENT

CAPITAL MARKETS

Features and benefits

Customised ERP Integration

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

  • Foreign Direct Investments
    • Advisory
    • Regulatory Filings & approvals
    • Currency risk hedging through forwards & options
  • Overseas Direct Investment
  • External Commercial Borrowings
  • Regulatory Advisory
    • FEMA/RBI Guidelines / Regulatory Filing
  • Other Capital Account Transactions

Import Finance

  • Letters of Credit
  • Trade Credit - Buyer’s/Supplier’s Credit
  • Bills on Collections
  • Bank Guarantee / SBLC
  • Bullion

Export Finance

  • Pre & Post -Shipment Finance
  • Export Collections
  • Export LC advising & Confirmation
  • Bank Guarantee / SBLC

Inland Trade

  • Inland Letters of Credit
  • Bank Guarantees / SBLC
  • Local bill discounting

Trade Services

  • Trade Remittance Services
    • Inward/Outward Remittances
  • Collection Services
    • Import / Export Collections
  • LC Advising/ Negotiation /Confirmation
  • Foreign Exchange Services
  • Currency risk hedging through forwards & options

Receivables & Payables

  • Financial Supply Chain Solutions
  • Dealer Financing
  • Receivable Financing with assignment
  • Channel Finance / Vendor Finance/Supplier Finance
  • Structures Trade Finance
    • Factoring/Forfaiting

What is it for the Customer?

  • World Class Services with Global Footprint
    • Dedicated team of trade finance experts
    • Global Footprint by leveraging 3000+ strategic International and Domestic Bank tie-ups
    • Well recognized and widely acceptable credit in both
    • International and domestic markets
  • Financial & Information Security
    • Adequate control mechanisms
  • Enhanced Information Management through
    • Real-time Trade Alerts & E-advices (debit/credit) on trade transaction processing through registered email ids
    • Outstanding reports
    • Inbound Transaction MIS
    • Due Date Alerts
  • Increased Administrative Efficiency
    • Simplified documentation
    • Doorstep pickup services
  • Innovative Structuring Capability
    • Dedicated Capital Account Desk
    • Liaisoning with regulatory/statutory bodies
  • Benchmarked and Certified Systems & Processes
    • Trade On Net
      • An online platform to manage your trade transactions at the click of a key
      • Secured access & Superior experience / update on trade transactions status
    • ISO certified back office
    • Stringent SLA backed services

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Information Security

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

Offline Transaction Processing

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)

Customized Solutions

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

Multi Level Authorization Matrix

Safe and secure transactions

A role based authorization matrix ensures safe and secure transactions for the customer eliminating the chances of erroneous payments.

Payment Options

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

Utility Bill Payments

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. 

Tax Payments

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 Support Infrastructure

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.

 

 

E-Collect

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.

E - Tendering

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

EIPP

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 

NACH

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.

Online Tax Collection Feature

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

Bunch Note Acceptor (BNA)

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.

  • Acceptance of notes of denomination of INR 100, 5000 and 1000

  • 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

IPG

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

POS

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

Cash & Cheque

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

Enhanced MIS & Retrieval Capability

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

Physical Collection Services

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

 

Query & Resolution

YES BANK has a complete and dedicated service desk to adhere and resolve all queries pertaining to CMS.

Enhanced Processing Capability

This unique platform which enables tracking of deposit from pickup to bank deposit.

Centralized Funds Pooling

This enables an ability to provide a centralized MIS and funds collection in the main account of the client.

X

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