Cash Process - Ing Vyasa

8/10/2019 Cash Process - Ing Vyasa

1/10

Account Services

Explore ING Vysya Bank's comprehensive range of accounts including Current, Savings, Term Deposits, Customised Payroll,Escrow and Special Purpose Accounts in Indian rupees and foreign currencies. Count on the dedicated team of RelationshipManagers to scope out customised solutions to meet evolving business needs and assist with opening of accountswithin 24-hours.

Enjoy benefits of ING Vysya Bank's Current Account products specifically suited for corporate customers with zero charges for

non maintenance of balances and charges levied only for services availed.

Global Transaction Services

Simplified Banking

LiquidityManagement

Payables

Receivables

FinancingFinancing Payables

Receivables

Cash Pool

Investments

Inventory

Work In ProgressSales

Money

Distribution

LiquidityManagement


2/10


Simplified Banking

O

O

O

O

O

O

Avail services through 551 branches at over 295 locations

Use more than 630 ING Vysya ATMs across India

Enjoy cash and cheque pick-up and delivery services

Transfer funds within ING Vysya Bank and other bank accounts

Issue PAP cheques and Demand Drafts

Get balance certificates, statements, TDS and FD receipts

O

O

O

O

O

O

View real-time information on account balances and transactions acrossvarious account types

Get details of all kinds of accounts registered with ING Vysya Bank

Download statement of accounts, balances, transactions history and balancecertificate

View summary of relationship with ING Vysya and other banks on a singledashboard

Request for cheque books, enquire cheque status and stop cheques online

Download payables and receivables reports in various formats likexls, pdf and text

Branch

ING Converge

Visit us at http://www.ingvysyabank.com | Contact us at [email protected]


3/10

Cash Management - Liquidity

The core focus of corporate treasurers is to ensure availability of sufficient cash to meet working capital requirements of thebusiness and avoid operational and financial exigencies arising out of lack of liquidity. At the same time, the challenge alsolies in minimising idle floats in Current Accounts and optimising yields on surplus cash. ING Vysya Bank follows a consultativeapproach by offering optimal account structures, centralised control on cash balances and investments in secure instruments.


Simplified Banking

LiquidityManagement

Payables

Receivables


Receivables

Cash Pool

Investments

Inventory


Money

Distribution

LiquidityManagement


4/10


Simplified Banking

O

O

O

O

O

Avail of competitive deposit rates for tenors of 7 days and above

Ensure timely placement of deposits in desired denominations

Access online details of deposit accounts available in ING Converge

Facilitate premature withdrawals at short notices

Avail of automatic/ call-based roll-overs

O

O

O

O

Hybrid investment solutions that give sizeable returns on temporary orongoing cash surpluses

Avail of MIBOR Linked deposits, a structured 'floating-rate' fixed depositsolution that provides higher returns depending on money market conditions

Liquidate investments with minimal funds for meeting urgentcash requirements

Link deposits to operating account for sweep-in of funds, if required

Rupee FixedDeposits

Variable InterestRate Deposits

O

O

O

O

O

Avail of Domestic Cash Pooling with options of target based sweeps and cashconcentration

Benefit from structures created for inter and intra-group cash poolingsolutions, within the regulatory framework

Configure account structures and sweeping rules for achievingoperational efficiency

Activate sequencing and reversal of sweeps at user-defined frequencies

Access online reports of user-defined account structures andsweep transactions

O

O

O

O

A unique cheque bounce/ Overdraft protection solution

Exercise an efficient intraday liquidity solution wherein funds can be drawnfrom a linked Protection account

Aggregate balances (including limits) of linked accounts forhonouring payments

Ensure confirmed processing of payment instructions initiated through anychannel (online/ branch)

ValueC@sh(Cash Pooling)

P@yShield



5/10

Cash Management - Payables

For every successful business, timely settlement of dues to suppliers, adhoc payments for meeting day-to-day operations,carrying out statutory payments within cut-off times, payroll disbursement on pre-defined dates and distribution of dividends

to shareholders within regulatory timelines are critical. With extensive network of branches and direct participation in allforms of clearing ING Vysya Bank's payment services help business deliver commitments on time, securely and conveniently.

ING Vysya Bank provides options to centralise payment processing and decentralise deliveries with appropriate controls

through high-value electronic funds transfer, payable-at-par payment instruments and a few niche products for petty cashhandling and fraud mitigation useful in managing day to day operations.


Simplified Banking

LiquidityManagement

Payables

Receivables


Receivables

Cash Pool

Investments

Inventory


Money

Distribution

LiquidityManagement


6/10


Simplified Banking

O

O

O

O

Issue 'Payable-At-Par' cheques across ING Vysya branchlocations and more than 500 partner bank locations

Enable facsimile signature printing facility therebyeliminating the need for physical signing of cheques

Print cheques in bulk through online/offline upload of

data and get the cheque delivered at multiple locationsPrint cheques in the comfort of own office using INGVysya Bank's online solution

Payable at Par(PAP) cheques

P@ysureO

O

Avail ING Vysya Banks fraud mitigation solution forweeding out fraudulent/ tampered cheques

Be assured of cheques being validated in clearing with theissuance data across all branches and bank's clearingcentres

O

O

Receive cheque status reports with additional status onvalidations done

Avail of auto upload of cheque issuance data forvalidation by printing cheques through ING Vysya Bank'spayments portal INGP@y

Easyp@y

O

O

Issue pre-funded and payable-at-par paymentinstruments on 290+ ING Vysya branch locations andmore than 200 partner bank locations

Effect statutory or other payments that requireguaranteed value, like loan disbursements or agent

commissions

Demand Drafts

O Transfer high-value funds above defined threshold limitsinstantaneously to any of the 100,000+ participatingbanks/ branches across the country

RTGS (Real TimeGross Settlement)

O

O

Transfer funds electronically on same day tobeneficiaries holding accounts with any of the 100,000+participating banks/ branches across the country

Effect fund transfers that are ideal for payroll,dividends, supplier payments and agent commissions

NEFT(National Electronic

Funds Transfer)

O Transfer funds electronically for a large volume of low

value transactions effecting direct credit/ debit to/ fromaccounts held with any of the 50,600+ participatingbanks/ branches across the country

ECS (ElectronicClearing Service)

O

O

Facilitate centralised processing for payments which arerepetitive and bulk in nature

Ensure direct credit to beneficiary accounts held withany of the 50,500+ participating banks/ branches

NECS(National Electronic

Clearing Service)O

O

O

Leverage the entire range of services relating todividend and interest disbursement to investors

Avail of special account features with multiple modes ofdisbursal and assured validation of issue data in clearing

Receive periodic reconciliation of accounts anddedicated MIS

Interest/Dividendwarrants

O

O

O

Manage petty cash expenses with a card based solutionwhich is easy to distribute and use

Get cards issued in name of offices/divisions/centres, butcontrol the fund transfers centrally

Withdraw cash through ATMs within daily threshold limit

O

O

Top-up card balance instantly online using ING VysyaBanks payments portal INGP@y

Access real-time balances and transactions of cardaccounts using ING Vysya Banks Internet Bankingchannel -ING Converge



7/10

Cash Management - Receivables

Some of the key challenges in a geographically diverse country with multifarious payments and clearing systems are ensuring timely collection of receivables, containing collection costs and efficient reconciliation for applicability of funds.

ING Vysya Bank provides cost-effective, customisable products and solutions for quick collection and reconciliation of fundsreceived through paper based instruments and electronic fund transfers.


Simplified Banking

LiquidityManagement

Payables

Receivables


Receivables

Cash Pool

Investments

Inventory


Money

Distribution

LiquidityManagement


8/10


Simplified Banking


O

O

Leverage ING Vysya Bank's growing branch network at more than 290locations and its strong partner bank arrangements to access local clearing atover 1200 locations across the country

Receive Comprehensive MIS for tracking receivables at an instrument level

Rapid CollectionsServices

Vyswift CollectionsServices

O

O

O

O

Ensure quick collection of paper based instruments drawn on upcountrylocations i.e. where instrument pick-up/ deposit location differs f rom thepayable location - through a wide network of over 4,380 locations

Avail of guaranteed credit

Get strong and timely MIS support

Auto upload receivables data using the bank's capability to integrate withback office systems and auto reconcile the same

O

O

O

O

O

The Virtual Accounts product of ING Vysya Bank has been recognised as the'Most innovative IT solution' by leading industry forums

Facilitate receipt and identification of funds received through electronicpayment systems like RTGS, NEFT, Intra Bank Transfers and mobile

Quickly identify and reconcile funds at remitter level

Get transaction level alerts with remitter details and facilitate similarnotification for remitters

Receive customised MIS at pre-defined frequencies and also auto reconcilereceivables through direct integration with back-office systems

ING Inwards

O

?

? O

Receive funds through mobile from remitters using:

Account number and IFSC code

Mobile Money Identifier (MMID) and mobile numberIdentify receivables through transaction details and data that integrates withING Inwards Report

mReceipts

E@syCollect

O

O

O

O

O

O

Collect regular dues from payers through verified/ registered mandates in anautomated manner on presentation by ING Vysya Bank

Acquire extensive reach - across 70,000+ bank branches pan India forcollecting funds

Submit single transaction file for presentation to collect funds throughmultiple clearing locations

Avail mandate verification/ registration support

Receive detailed MIS for simplified reconciliation

Avail of direct debit facility through NACH (National Automated ClearingHouse) with the advantages of online mandate registration and faster receiptof funds on presentation


9/10

Channels

ING Vysya Bank offers state-of-the-art online channels to ensure delivery of latest information at ones fingertips, in addition to the extensive and growing branch network at over 290+ locations across the country and dedicated Relationship Managers.ING Vysya Bank's Online Banking enables a Treasurer or a CFO to view consolidated real-time balances and transactions acrossgeographies, currencies and bank accounts (this includes non-ING banking relationships).

ING Vysya Bank offers straight-through solutions which can integrate with ERP, back office systems to securely auto process

transactions and also aid in auto reconciliation of accounts. Depending on the needs of the business, ING Vysya offers mixedmodes of channels for delivering various products and services to derive maximum efficiency from business processes andalso facilitate ease of operations.


Simplified Banking


10/10

O

?

?

?

?

?

O

?

?

?

?

?

?

O

Relationship Summary and Account services

Get a consolidated glimpse of group accounts and legal entities inchosen currency

View ING and Non ING relationships on single Dashboard

Receive real time information with consolidated balances across accounts,currencies and banks

Order cheque books, view cheque status and stop cheques online

Access services and accounts securely as they are Rights based

Payables Management - INGP@y

Initiate and authorise transactions with bulk and priority payment options that mitigate risk by replicating Board Resolution

Pay vendors/suppliers with pre-loaded beneficiary data, process salary andcommission payments

Receive email/ SMS alerts on transaction initiation, processing and alsosend confirmation to beneficiaries post processing of transactions

Avail of the facility to Hold/Release/Verify transactions as required

Print cheques from own office using ING Vysya Banks cheque stationery

Receive comprehensive reports with latest status of transactions with easydownload options

Receivables Management

ING Inwards Virtual Account Solution

Access comprehensive remitter details and maintain remitters online

Query details of NEFT/RTGS and within ING Vysya Bank fund transfersin real time

View transaction reports in detailed as well as summarised formats

Download all reports in xls, csv, pdf

ING Collect Cheque Collection Solution

View and download cheque collection reports

Obtain instrument details based on Pif/Date/Amount/Instrumentnumber through the online query option

Download all reports in xls, csv, pdf

?

?

O

O

O

O

O

Seamlessly communicate and process requests with secured protocolsbetween systems

Initiate, execute and receive requests and/or information without manualintervention

Process transaction/information automatically thus eliminating the need toaccess any external systems

Obtain strengthened security through generation of an encrypted checksum

for each of the files/requests processedOpt for delivery of any transaction service product including accountreconciliation service

ING Converge

ING Vysya Bank also offers advanced host-to-host connectivity options based onspecific customer needs that involve real-time processing overa dedicated communication line.


ING Instalink


Simplified Banking

Documents

Cash Process - Ing Vyasa