RBI EDPMS IDPMS Report

RBI Regulatory Requirements met with IEDPMS Solution

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 Workflow and has been successfully implemented across leading banks.

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.

 

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.

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.

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