RBI EDPMS IDPMS Management & Dedicated Corporate Portal for Regularization
RBI Regulatory Requirements met with EDPMS IDPMS Solution
The Reserve Bank of India (RBI) has mandated all banks in India to submit their regulatory reports for all exports and imports electronically. Information provided by banks in the report serves as a key data to RBI for tracking the export and import details. So, it is vital for all banks to submit accurate reports to RBI. Most of the banks are preparing the reports manually, which is done by various bank operation teams.
The possibilities for inaccuracies are quiet high as vast data must be used to prepare every report. This results in lower success percentage in reporting. Maintaining and submitting the compliance reporting as a manual process is a challenge for banks.
RBI EDPMS IDPMS Management
IEDPMS from Kyzer Software is a One Stop Solution that enables banks to efficiently automate and unify their export and import data with RBI’s regulatory compliance requirements.
IEDPMS offers integrations with Customer Portal and Trade Platform and has been successfully implemented across leading banks.
– Centralized EDPMS IDPMS reporting platform for the Trade-Finance Team
– Web based portal accessible across branches via secure internal network.
– Automated reconciliation & reporting for Trade Transactions (Export / Import) to RBI
– End-to-end tracking of Import Export Compliance & reconciliation status
– e-BRC, eFIRC Management module
– Automated Tracker/ Mailer for customer follow-ups and reporting
– Improved TAT for processing applications
– Reduction of resources needed for compliance checks
– Past reported data in EDPMS and IDPMS portal can be populated in Kyzer IEDPMS and can be further used for reporting.
– Customer can directly settle the bills against the remittances via Kyzer-TFRS connectivity
Lets Take Our Conversation Ahead
Automate all of your regulatory reportings to government bodies in one Regulatory Suite platform.
The Bank implemented Kyzer Trade Finance Regulatory Management Solution for Reporting to RBI and FIU-India. We benefitted a lot from the Kyzer’s banking domain expertise. We acknowledge their efforts throughout the project implementation and the excellent support provided.
The Bank implemented Kyzer TradeZone Solution across all its branches Pan India. Complete Trade Finance Processing, Document Management, Compliance, Integrations and Customer Real Time Communications. The bank is successfully processing thousands of Trade Transactions via the Centralized trade operations with online trade finance processing at a central hub.
IEDPMS Reporting Platform Features
Automated Compliance, Reconciliation and Reporting
Integration will offer exporters/importers the convenience to regularise their Shipping Bill or Bill of Entry digitally by matching payments.
Internet Banking Integration
Kyzer IEDPMS can be integrated with Internet Banking of the Bank
Web Based Portal to process Export & Import Data
Integration will offer exporters/importers the convenience to regularise their Shipping Bill or Bill of Entry digitally by matching payments.
Secure Intranet Web Hosted Services
Web interfaces to handle processes not available in current trade system or involves high cost for CBS modification
Caution Listed Customer identification
Caution listed customer gets identified before processing the request leading to additional checks and validations.
Customer can ensure they are not caution listed due to outstanding bills.
Automated Electronic Bank Realization Certificate (e-BRC) Management
Built-in Directorate General of Foreign Trade (DGFT) electronic Bank Realization Certificate (e-BRC) Management module for completed Export bills
Electronic Foreign Inward Remittance Certificate (e-FIRC) Management
Automated e-FIRC issuance against inward remittances
received by Customer.
Regulatory Portal Information Security
Elimination of bank-wide login & manual input & output extraction to the Regulatory portals
Why Banks Choose Kyzer EDPMS IDPMS Solution
Linked to Bank’s Internal Trade Finance Workflow & Customer Portal
Kyzer IEDPMS can be linked to Bank’s Internal Trade Workflow leading to provision of Near Real Time settlement at RBI.
Data available for Customer via Internet banking to directly provide settlement details to the bank.
Risk Monitoring and Regulatory Management
Compliance specific workflows, Business Rules and Compliance monitoring.
Complete Configuration of Bank’s Approval and Deviation Hierarchy.
Caution listed customer gets identified before processing the request leading to additional checks and validations
Solution Live with Leading Indian & Multinational Banks
Complete Data management across Core and Third party systems to ensure optimial data handling, retrieval and auditability.
Regulatory Report generation, Customer portal data visibility and email/sms communication management.
Faster Implementation & Decision Making
We provide planning services to help financial institutions minimize their costs and expenses.
Faster decision making in terms of processing or non-processing of request for caution listed customers.
Business Retention and Growth
Centralized Processing for all Customer Requests. Remote branches can start accepting Trade requests.
Ease of Accessibility to Trade Finance documentation & processes.
Data Management and Warehouse
Complete Data management across Core and Third party systems to ensure optimial data handling, retrieval and auditability.
Regulatory Report generation, Customer portal data visibility and email/sms communication management.
Request Your Free Demo
- Get started with your free demo and discusssion and see how you can digitize and automate your banking automation requirements.
- Trade Finance specialised solutions for Money Laundering, Customer Digital connect, Regulatory Reporting.
- Create and track all past reconcilied data and reports presentations under regulatory all in one Place.
- Web based portal funtioning within the banks intranet allowing you to complete data access for reports and audits instantly.
Questions? We'll Assist You!
Are you prepared to put your Trade Finance Regulatory Reporting on Auto-Pilot?
