In banking sector, it can get a little too overwhelming to keep a check on the ever-increasing volumes of cheques being received by customers. There is also an additional pressure of remaining ahead of finances, so as to ensure healthy cash flow management.
Modern technology is more like a blessing to the banking sector, as it helps banking professionals save time and take concrete decisions with detailed status of cash positions and error-free finance department.
At Tata BSS, we have identified the following drivers for better businesses in banking sectors. Here’s a brief lowdown on the same:
Our internally created system can track the status of PDCs at every stage of banking. In addition to banking we also assist our clients with bounce cheque management & Bank Reconciliations.
PDC Management & banking covers the entire life cycle of a post-dated cheque (PDC); with vault storage capacity for 50 lakh cheques. We are currently banking more than 5 lakh PDCs per month with an efficiency of 5.8 sigma and above, for accuracy and turnaround time.
With improved process efficiency and automation, we have reduced our errors completely. Our system can track status of PDCs at every stage of banking and provide comprehensive MIS on daily, weekly & monthly basis.
We strive to simplify and provide the simplest solutions.