Now corporate banking can be done from your office. Business rules can be set as per your requirement. Limits can be set as required. Your officials can be given authority to make fund transfers and authorise / approve transactions. You can access your Company's Bank Statements from the comfort of your office and make soft or hard copies as you please making bank reconciliation all the more easy. Corporate banking has never been this convenient.
Multiple users with different roles
Have as many users as required with different roles and limits for transactions. Under the corporate-id, each user can have individual user-ids. To log on, the corporate-id, user-id and password have to be keyed in.
Division and location-wise access of accounts
Choose which user should access which account. Account level access control to users based on their division and location is possible.
It is possible to assign different workflow rules for data entry and approval of transaction to each user, as desired by the customer. There is freedom to decide as to who can do transactions, up to what limit and whether another user has to approve the same before it is processed.
Hold Release function
A user can approve but hold a transaction for any reason (say funds are not readily available) without releasing it to the next person / process and release it when he thinks it is appropriate.
Login time check
Login time restrictions can be imposed for a user. The user will not be permitted to login outside the specified time range.
Trade finance related queries and requests
FedNet provides utility for submitting requests for opening LC & BG to corporate clients in addition to requests for Cheque book, demand draft, opening of term deposit etc.
There is option to make bulk fund transfers by uploading the data in file format rather than keying in individually (for example for disbursement of salary). Different types of file upload are available - single debit & multiple credits, multiple debit & single credit and multiple credit & multiple debits between linked accounts.