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Solutions for Receivables
Eazypay - mobile application
Eazypay is a one-stop solution for all merchants to collect payments from their customers. It is a mobile based application which allows you to quickly raise an invoice and your customers can pay you immediately through any convenient payment mode – Unified Payment Interface (UPI), Credit Card, Debit Card, Internet Banking or Pockets wallet. So take the power of your smartphone to the next level and collect payments from your customers conveniently on the click of a button.
Cash Collection
ICICI Bank arranges for the collection of cash from the client’s premises, and can process them under Cash Management Services (CMS). Comprehensive Management Information System (MIS) is available to capture note denominations and other details. It also ensures timely collection from single or multiple pick up locations, on daily or On-call basis.
Benefits
- Minimisation of operational risk
- Reduction in cost
- Efficient logistic support
- Customised MIS
- Available on routine as well as on call basis
Cheque Collection
Cheque Collection helps to manage client’s cheque inflow by providing it with collection reports to monitor the status of cheque clearing and to facilitate easy reconciliation of account receivables.
Benefits Cheque Collection
- Capability to process cheque drawn at any location
- Instrument level information on the amounts deposited at multiple locations
- Efficient logistic support
- Ensuring timely deposit of collections
- Customised MIS
- Available on routine as well as on call basis
- Direct deposit of CMS cheques across 2,547 branches instead of vendor pick up
E-Collections
E-Collection facilitates customers to get the Payer details and credit information for recurring inward Real Time Gross Settlement (RTGS) and National Electronic Funds Transfer (NEFT) transactions in the current account.
Benefits
- Facilitates online and prompt availability of funds
- Customised MIS for quick reconciliation
- Option of sending payment confirmation to the Payers
- MIS reporting at hierarchy/ structure level and options of validation
- Register for CMS-e Collection facility with ICICI Bank
- Create virtual account number for the remitting parties of the clients
- Payment received basis virtual accounts and MIS is generated
Eazypay
Eazypay is a single platform for multiple collection modes which facilitates single MIS reconciliation for all collection modes. It has a plug and play implementation and enhances speed of collection.
