Benefits of the Inventory Management System
Inventory Management System
All organizations rely on stationary. Organizations that are able to efficiently manage inventory and maintain stationary records benefit substantially. Banks have a particular type of stationary and VSoft’s Inventory Management System has been built by ex-Bankers to help your Bank optimize its inventory management operations.
The HO can allocate stationary to each one of its branches and can monitor the use of them. Branches can request the HO for additional stationary based on usage reports. With role-based privileges, accountability is much more transparent.
One Point for Vendor Relationships
VSoft’s system maintains information for multiple vendors for every type of stationary that your Bank has. Whether they are cheques, DDs, vouchers or forms, the system keeps track of the associated couriers, the dispatch status, and the delivery status.
Real-Time HO & Branch Updates
Information about the type of stationary, the responsible courier, the delivery status, and the state of the stationary is available to the HO as soon as the branch updates the information in the system.
With the large amount of data that is inputted into the system, your Bank can benefit from useful analytics and graphs based on such data. You can generate useful graphs and reports for resource utilization, vendor reliability, and more.
Activities are categorized as follows: Vendor-Related Activities, Customer-Related Activities, Exception-Related Activities & Routing-Related Activities. With the intuitive categories, you can easily access the information you need the most.
The IMS tracks and manages a wide range of activities. System users can access the information they need the most in dashboards and if they need more information, all they need to do is navigate to the specific activity that they are interested in.
Designed for Indian Banks
Real-Time Communication Between HO & Branch
Vendor & Inventory Type Mapping
Explore more of VSoft’s PRODUCTS
VSoft’s Roots is a technology-based solution for the Cooperative Credit & Banking structure that aims to assist in their outreach to the rural hinterlands through a two dimensional multi-layered software solution. It handles the entire lifecycle of all types of agriculture loans with farmers at one end and Primary Agriculture Credit Cooperative Society (PACS) and the DCC Bank at the other.
Wings is VSoft’s state-of-the-art, comprehensive Core Banking Solutions (CBS) product suite, created in a leap of faith, using web technologies and open source systems right from the very inception in order to meet the requirements of the constantly changing, and often disruptive, techno-financial environment.
VSoft’s OnView Cheque Tracking Portal (CTP) enables Bank Operators to view item details and images of the items captured during the prime pass on the sorter as well as archived items. Operators can use the browser-based interface to quickly research customer data, transaction data, and item images from remote locations.
Cheque Image Capturing
VSoft’s OnView Branch Deposit increases efficiency for your staff by simplifying back-office operations. Disparate back-office systems can cause a negative ripple effect across your financial institution, absorbing time and labor that could be allocated to other impactful tasks.
VSoft is one of the largest cheque truncation service providers in the country, with a client portfolio that includes major public sector, private sector, and co-operative banks. Fully compliant with RBI’s cheque truncation guidelines, VSoft’s BPO infrastructure for cheque processing is capable of processing over 15 lakh cheques a day.
The OnView Remote Deposit Capture (RDC) product suite brings convenience and cost savings right to your palms. You save by depending less on data entry and more on automated operations which process more cheques in less time. You enjoy convenience by creating a paperless environment where all data can be accessed at the tap of a finger.
National Automated Clearing House (NACH) payments are known to be a cheaper and more convenient alternative to cheques. Banks can process a higher volume of transactions at a lower cost because there is no physical movement of instruments.
Vantage is our single, unified platform designed to consolidate fragmented channels to give your financial institution full administrative control over payment processing, core banking, and digital banking solutions. A consolidated platform also provides granular insight for an enterprise-wide view of all account holders and transactions, which enables staff to resolve account holder inquiries quickly and analyze the user experience across devices and banking services.