Results in significant savings in time, decrease in interest costs,
Less paper work & greater accounting accuracy,
Creates more control over time & funds,
Provides timely access to information,
Results in faster reconciliation,
Earns interest income or reduces interest expenses,
Allows Corporations with subsidiaries worldwide to pool everything internationally so that the company can offset the debts with the surplus from various subsidiaries.
The end result will transform treasury function as a profit centre by optimizing cash and putting it to good use.
Bulk DDs / POs issuance
Dividend + Debt Servicing (interest + Redemption)
Funds Transfer (ECS / EFT / SEFT / RTGS)
The various products existing on the collections front are as follows:
Indus Instant: Local collections on the IndusInd Bank Network
Indus Swift: Outstation collections on the IndusIsnd bank network
Indus Speed: Local collections on the Correspondent Bank Network
Indus Reach: Outstation collections on the correspondent Bank network
Indus Remote: Outstation collections on the remote locations (Non-IBL & non-corrbank locations)
Tie Ups With Correspondent Banks
Wide network of correspondent bank is required to provide better service to the Indus Speed, Reach and Remote customers. We have tied up with various wide network banks such as Corporation Bank, ING Vyasya Bank, Central Bank of India, Union Bank etc. which provide us facilities at over 3000 locations.