Cheque Management System
Cheque Management System is Software which is designed and developed to facilitate the organization for writing the cheque. It tracks each and every leaf of a cheque issued by the Bank in the name of the Company. It is designed to write cheque of different banks, defining a template based on the Banks Cheque.
Our Post Dated Cheque Management System (PDCMS) leverages advanced imaging and automation technologies for faster clearing of cheques, using images instead of physical copies. It ensures significantly shorter processing cycles of cheques by keeping track of their presentation date. Some of its key features include scanning, record management for vaulting, and lodging and withdrawal of post-dated cheques. The resultant efficiency helps in faster processing of cheques and an enhanced customer experience.
Feature Highlights
Four eye Concept
Facilitates four eye concept for transactions
Adds a principle of security to any decision-making process
Triggers effectiveness through ability, integrity and diligent use
Industry Accepted Security Standards
World-class encryption and cryptographic standards ensuring secure and reliable storage and transmission
Support for digital signatures for non-repudiation and legal validity
Straight Through Processing
Adoption of a seamless process that increases automation and standardization in financial world
Includes automating the handoff between systems with minimal or no manual intervention
Within the complete cheque processing solution, the process automatically integrates with third party tool to perform several actions such as account verification, signature verification, financial posting, reverse posting and so on
Aids in effective and efficient processing of the cheques
Integration Capability
Bank’s core banking system. Also CTS is capable to integrate with multiple CBS simultaneously
Any cheque scanner
Cheque Deposit Kiosk
Signature Management System
Automatic Signature Verification
Monitoring and Tracking
Comprehensive audit trail maintenance in the system
Real-time monitoring facility for administrators to ensure smooth operations
Dashboard and effective tracking model is provided, enabling operating personnel to know the number of instruments lying at different work-steps
Aids in identifying bottlenecks
Other Value-Adds
Web-based referral system: enable bank’s customer’s relationship manager to take her/his decision based on customer’ response
Integrated Image Quality Analysis as per Central Bank’s guidelines as an Automated Activity
Tightly integrated solution enabling several applications to work simultaneously on same environment
Authorized users will be able to route to different application from single application
Extendable to Newgen’s proprietary ICR/OCR engine for auto-extraction, matching of amount in figures and in words, and Automatic Signature Verification
Positive pay
Corporate Cheque Scanning.