This document discusses 9 proven ways that Fortune 1000 companies and SMBs have reduced their days sales outstanding (DSO) by automating credit and accounts receivable operations. It describes how leading organizations have improved the customer onboarding and credit approval process by moving to online credit applications, integrating with credit agencies, and using digital signatures. They have also eliminated subjectivity from the credit review process and improved invoicing, payments, cash application, deductions management, and collections correspondence through automation. Finally, it discusses how a connected credit-to-cash platform can help break down silos across credit and accounts receivable teams.
A study of cash management at standard chartered bankProjects Kart
The document is a project report submitted for a Bachelor of Business Administration degree. It examines cash management practices at Standard Chartered Bank. The report includes an introduction that defines cash management and describes Standard Chartered Bank's cash management services. It also includes sections on objectives, research methodology, literature review, industry profile, company profile, results and analysis, a case study, limitations, conclusions, and recommendations. The company profile section provides an overview of Standard Chartered Bank's history and products, with a focus on its cash management services.
This document is a minor project report submitted by a student at Rukmini Devi Institute of Advanced Studies in partial fulfillment of the requirements for a Bachelor of Business Administration degree. The report includes an introduction on cash management, objectives of the study, literature review, research methodology, data analysis and interpretation, findings and conclusions, and recommendations. It discusses key concepts in cash management including motives for holding cash, cash planning, cash forecasting and budgeting, and cash management in India. The report provides a high-level overview of the considerations and processes involved in effective cash management for businesses.
The document discusses inventory management. It defines inventory as goods held for production or sale. Maintaining optimal inventory levels is important for meeting production needs and customer demand while minimizing costs associated with excess inventory. Effective inventory management requires tracking inventory levels, maintaining accurate records, and controlling the supply/demand balance. The goals of inventory management are to have the right level of inventory at the lowest possible cost.
Analysis of working capital management shriram piston financeanuragmaurya
The document is a summer training project report submitted by Mohd Ahmad Ansari for his MBA degree. The report analyzes the working capital management of Shriram Pistons & Rings Ltd. It includes an introduction to working capital concepts, the company profile, objectives of the study, and research methodology. The analysis will cover ratios, asset management, estimating working capital requirements, and providing findings and suggestions.
The document discusses cash management services provided by banks. It begins by defining cash management and listing common cash management services such as account reconciliation, automated clearing house payments, wire transfers, lockbox services and zero balance accounting. It then discusses the purpose of cash management, which includes eliminating idle cash balances, depositing collections timely, and properly timing disbursements. Finally, it provides an overview of cash management services at Standard Chartered Bank, including payments services, collection services, and liquidity management.
Role of financial institutions in support of women entrepreneurial activities...uma reur
The ‘District Industries Centre’ (DICs) programme was started by the central government in 1978 with the objective of providing a focal point for promoting small, tiny, cottage and village industries in a particular area and to make available to them all necessary services and facilities at one place. The finances for setting up DICs in a state are contributed equally by the particular State Government and the Central Government.
To facilitate the process of small enterprise development, DICs have been entrusted with most of the administrative and financial powers. For purpose of allotment of land, work sheds, raw materials etc., DICs functions under the ‘Directorate of Industries’. Each DIC is headed by a General Manager who is assisted by four functional managers and three project managers to look after the following activities :
The important objectives of DICs are as follow :
i. Accelerate the overall efforts for industrialisation of the district.
ii. Rural industrialisation and development of rural industries and handicrafts.
iii. Attainment of economic equality in various regions of the district.
iv. Providing the benefit of the government schemes to the new entrepreneurs.
v. Centralisation of procedures required to start a new industrial unit and minimisation- of the efforts and time required to obtain various permissions, licenses, registrations, subsidies etc.
CEDOK Established in 1992 is a Government of Karnataka Organisation promoted by the Department of Industries and Commerce with the support of State level industrial developmental agencies such as :
Karnataka State Small Industries Development Corporation (KSSIDC),
Karnataka State Financial Corporation (KSFC),
Karnataka State Industrial Investment Development Corporation (KSIIDC),
Karnataka Industrial Area Development Board (KIADB),
and national level financial institutions such as
Industrial Development Bank of India (IDBI),
Industrial Finance Corporation of India (IFCI),
Industrial Credit and Investment Corporation of India (ICICI) and
Government of India through Development Commissioner (SSI), New Delhi
with a objective to contribute to the development and dispersal of entrepreneurship by undertaking various entrepreneurship development and skill development / upgradation training programmes thus expand the social and economical base of entrepreneurial class
A project report on awareness level of personal banking products of SBI bankBabasab Patil
The document provides an overview of the banking industry in India including its history from ancient times to present day. It discusses the key milestones in banking such as the establishment of the State Bank of India and regional rural banks. The document also outlines the current structure of the Indian banking system comprising of public sector banks, private sector banks, foreign banks, and co-operative banks that are regulated by the Reserve Bank of India.
Mergers and acquisitions involve the combination of two or more companies. Mergers see the merging companies fully integrate to form an entirely new company, while acquisitions see one company purchase another but maintain separate operations. Mergers and acquisitions allow companies to achieve synergies, diversify, grow, and eliminate competition. Common types of mergers include horizontal, vertical, market extension, product extension, and conglomerate mergers. India has seen several large M&A deals over the years across various industries.
A study of cash management at standard chartered bankProjects Kart
The document is a project report submitted for a Bachelor of Business Administration degree. It examines cash management practices at Standard Chartered Bank. The report includes an introduction that defines cash management and describes Standard Chartered Bank's cash management services. It also includes sections on objectives, research methodology, literature review, industry profile, company profile, results and analysis, a case study, limitations, conclusions, and recommendations. The company profile section provides an overview of Standard Chartered Bank's history and products, with a focus on its cash management services.
This document is a minor project report submitted by a student at Rukmini Devi Institute of Advanced Studies in partial fulfillment of the requirements for a Bachelor of Business Administration degree. The report includes an introduction on cash management, objectives of the study, literature review, research methodology, data analysis and interpretation, findings and conclusions, and recommendations. It discusses key concepts in cash management including motives for holding cash, cash planning, cash forecasting and budgeting, and cash management in India. The report provides a high-level overview of the considerations and processes involved in effective cash management for businesses.
The document discusses inventory management. It defines inventory as goods held for production or sale. Maintaining optimal inventory levels is important for meeting production needs and customer demand while minimizing costs associated with excess inventory. Effective inventory management requires tracking inventory levels, maintaining accurate records, and controlling the supply/demand balance. The goals of inventory management are to have the right level of inventory at the lowest possible cost.
Analysis of working capital management shriram piston financeanuragmaurya
The document is a summer training project report submitted by Mohd Ahmad Ansari for his MBA degree. The report analyzes the working capital management of Shriram Pistons & Rings Ltd. It includes an introduction to working capital concepts, the company profile, objectives of the study, and research methodology. The analysis will cover ratios, asset management, estimating working capital requirements, and providing findings and suggestions.
The document discusses cash management services provided by banks. It begins by defining cash management and listing common cash management services such as account reconciliation, automated clearing house payments, wire transfers, lockbox services and zero balance accounting. It then discusses the purpose of cash management, which includes eliminating idle cash balances, depositing collections timely, and properly timing disbursements. Finally, it provides an overview of cash management services at Standard Chartered Bank, including payments services, collection services, and liquidity management.
Role of financial institutions in support of women entrepreneurial activities...uma reur
The ‘District Industries Centre’ (DICs) programme was started by the central government in 1978 with the objective of providing a focal point for promoting small, tiny, cottage and village industries in a particular area and to make available to them all necessary services and facilities at one place. The finances for setting up DICs in a state are contributed equally by the particular State Government and the Central Government.
To facilitate the process of small enterprise development, DICs have been entrusted with most of the administrative and financial powers. For purpose of allotment of land, work sheds, raw materials etc., DICs functions under the ‘Directorate of Industries’. Each DIC is headed by a General Manager who is assisted by four functional managers and three project managers to look after the following activities :
The important objectives of DICs are as follow :
i. Accelerate the overall efforts for industrialisation of the district.
ii. Rural industrialisation and development of rural industries and handicrafts.
iii. Attainment of economic equality in various regions of the district.
iv. Providing the benefit of the government schemes to the new entrepreneurs.
v. Centralisation of procedures required to start a new industrial unit and minimisation- of the efforts and time required to obtain various permissions, licenses, registrations, subsidies etc.
CEDOK Established in 1992 is a Government of Karnataka Organisation promoted by the Department of Industries and Commerce with the support of State level industrial developmental agencies such as :
Karnataka State Small Industries Development Corporation (KSSIDC),
Karnataka State Financial Corporation (KSFC),
Karnataka State Industrial Investment Development Corporation (KSIIDC),
Karnataka Industrial Area Development Board (KIADB),
and national level financial institutions such as
Industrial Development Bank of India (IDBI),
Industrial Finance Corporation of India (IFCI),
Industrial Credit and Investment Corporation of India (ICICI) and
Government of India through Development Commissioner (SSI), New Delhi
with a objective to contribute to the development and dispersal of entrepreneurship by undertaking various entrepreneurship development and skill development / upgradation training programmes thus expand the social and economical base of entrepreneurial class
A project report on awareness level of personal banking products of SBI bankBabasab Patil
The document provides an overview of the banking industry in India including its history from ancient times to present day. It discusses the key milestones in banking such as the establishment of the State Bank of India and regional rural banks. The document also outlines the current structure of the Indian banking system comprising of public sector banks, private sector banks, foreign banks, and co-operative banks that are regulated by the Reserve Bank of India.
Mergers and acquisitions involve the combination of two or more companies. Mergers see the merging companies fully integrate to form an entirely new company, while acquisitions see one company purchase another but maintain separate operations. Mergers and acquisitions allow companies to achieve synergies, diversify, grow, and eliminate competition. Common types of mergers include horizontal, vertical, market extension, product extension, and conglomerate mergers. India has seen several large M&A deals over the years across various industries.
Banking in India originated in the late 18th century with the Bank of Hindustan and General Bank of India. The oldest and largest bank still in existence is the State Bank of India, which originated from the Bank of Bengal and later merged with the Bank of Bombay and Bank of Madras to form the Imperial Bank of India. In 1955 it became the State Bank of India. The government nationalized many banks in 1969 and they remain under government ownership as public sector undertakings. The modern Indian banking sector includes public sector banks, private sector banks, foreign banks, regional rural banks, urban cooperative banks and state cooperative banks.
The document provides an overview of inventory management at Apex Auto Ltd, an automotive manufacturing company in India. It discusses how inventory is central to all departments in a manufacturing unit. It then outlines the objectives of studying inventory management and its effects on working capital at Apex Auto, including analyzing inventory ratios and identifying improvement measures. The document also includes details on the company profile, suppliers, industry, and a SWOT analysis.
The document provides an overview of cash management services offered by banks to large corporate clients. It defines cash management and describes various cash management services including account reconciliation, payment services, collection services, liquidity management, clearing services and more. The purpose of cash management is to ensure efficient utilization and movement of cash resources through accurate forecasting and proper timing of cash inflows and outflows. Standard Chartered Bank offers a comprehensive suite of cash management services to corporate and institutional clients globally.
The document outlines the job search and advancement process in 5 steps:
1. Analyze your skills and set goals;
2. Adopt a search plan using various traditional and online methods;
3. Prepare documents like resumes, cover letters, and develop references;
4. Practice and succeed in interviews by being prepared to discuss your qualifications;
5. Maintain enthusiasm and learn from others to advance your career over time.
Personal Loans” are loans that are designed to meet your instantaneous financial demands that may arise out of anything varying from vacations, weddings, travel, or any reason that would call for instant cash. Why people usually opt for a personal loan is due to its immediate availability without much hassle, hue and cry that comes along with simple documentation and procedure. Personal loan can also be made use of for repaying an existing loan, renovation of your house and a lot more purposes that may not look so big but still lay a great impact on our pockets specially if had to take that much amount from our monthly budget.
Unstructured Supplementary Service Data (USSD) is a protocol used by GSM phones to communicate with service providers. It allows for real-time two-way communication without needing a internet connection, making it more responsive than SMS. USSD is used for services like mobile banking, social media access, and checking account balances through short cryptic messages.
The document discusses mergers and acquisitions, providing definitions and examples. It describes the typical stages in an M&A deal including preliminary assessment, proposal, exit planning, and integration. Key factors driving M&A activity in India are also summarized such as increasing competition and globalization.
The document provides an overview of the banking, financial services and insurance (BFSI) sector in India. It discusses that BFSI comprises commercial banks, insurance companies, banking financial companies, cooperatives, pensions funds and other smaller financial entities. It also notes that the banking part of BFSI includes core banking, retail, corporate, investment and cards services, while financial services include broking, payment gateways and mutual funds. Insurance covers life and general insurance. The term BFSI is commonly used by IT and BPO companies that manage data processing and software development for the banking and financial sector.
Merger and Acquisition in Banking Sectorfarah khan
The document discusses mergers and acquisitions in the banking sector of Pakistan. It provides background on recent mergers driven by regulatory requirements to increase capital. Two specific mergers are analyzed: the 2006 merger of Standard Chartered Bank and Union Bank, and the acquisition of Faysal Bank. Financial analyses of profitability, capital adequacy, liquidity, and growth indicators are presented for both banks before and after the mergers, showing mostly declining performance after the mergers across ratios. The mergers aimed to create more efficient banks but financial analyses show the deals did not immediately improve bank performance.
The document discusses different types of cheques including:
1. Bearer cheques which can be encashed by anyone carrying the cheque without identification. Order cheques can only be encashed by the payee named on the cheque.
2. Crossed cheques can only be deposited into a bank account and not cashed. Open cheques can be cashed or deposited.
3. Post-dated and stale cheques have time restrictions on when they can be encashed. Traveler's cheques do not expire.
Recievable Management in FMCG Sector:A sSudy of Selected Compniesprofessionalpanorama
The current study has tried to examine the sources used by the companies to finance their working capital requirements and to analyse and evaluate the receivables management. The present work therefore is a modest attempt in this direction by undertaking a study of Receivables Management. The study has also examined the liquidity position of companies. The study analysed the liquidity position of a limited sample consisting of five companies i.e. Nestle, HUL, Britannia, ITC and Dabur. The study of liquidity position is based only on one tool i.e. Ratio Analysis. Further the study is based on last 10 years Annual Reports of selected companies taken into consideration. As only FMCG sector was studied so the findings could only be generalised to this sector’s firms. Study of receivables management is very crucial for all firms. Unless the working capital is planned, managed and monitored effectively, company cannot earn profit and increase its turnover and it also helps in removing bottlenecks. Many companies go under because of cash flow issues, rather than declining profitability. Hence, traditional prudence always suggests that a firm should have sufficient cash to cover its immediate liabilities. However, there is a growing breed of FMCG companies that claim otherwise. Unlike most other industries, the turnover of a FMCG company is not limited by its ability to produce, but its ability to sell. They can generate cash so quickly they actually have a negative working capital. This happens because customers pay upfront and so rapidly, the business has no problem raising cash (like Nestle, Britannia). In these companies products are delivered and sold to the customer before the company even pays for them. A negative working capital is a sign of managerial efficiency in a business with low inventory and accounts receivables (which means it operates on an almost strictly cash basis). In other situation, it is a sign a company may be facing bankruptcy or serious financial trouble.
This document discusses various technologies used in banking. It describes Inter Bank Mobile Payment System (IMPS) and how it allows customers to transfer funds between banks via mobile devices. It also discusses online banking, use of analytics for segmentation and understanding customer preferences, convergence of storage and computing infrastructure, mobile banking, electronic bill payment, electronic fund transfer, electronic cheques, Real Time Gross Settlement (RTGS) system, and Automatic Teller Machines (ATMs). The benefits of these technologies for customers, banks and employees are reduced costs, immediate access to accounts and transactions, increased productivity and efficiency. The challenges are costs of implementation, risk of technology failures, penetrating rural areas and upgrading workforce skills.
Different Types of Loans Offered by Commercial Banks Snqobile Ndebele
The Different Types of Loans offered by Commercial Banks and Explain how Trade Credit & Equipment Loans can Provide Initial Capital Funding. Banks in Zimbabwe
The document provides an introduction to banking, describing what banks do such as accepting deposits, lending money, and offering other services. It explains the primary functions of banks, which include accepting deposits like savings, fixed, and current accounts, and granting loans like overdrafts, cash credits, and term loans. Various types of deposits, loans, and other banking services are defined and described in detail.
The document provides an overview of the Indian banking system. It discusses the history and evolution of banking in India from the establishment of the first bank in 1786 to the current system. It describes the key components of the current banking system including the Reserve Bank of India (RBI), scheduled commercial banks, cooperative banks, and tools used by RBI to regulate the system like cash reserve ratio, repo rate, and statutory liquidity ratio. The banking system has transitioned India to a strong economy with robust banking.
This document provides an overview of cash management for a business. It discusses the key motives for holding cash, including transactional needs, precautionary needs, and speculative opportunities. It also introduces the concept of cash planning, which involves forecasting cash inflows and outflows to ensure a business maintains sufficient but not excessive cash on hand. Cash planning aims to avoid situations of cash shortages or excess idle cash. The document serves as an introduction to a student project on cash management practices.
Commercial banks occupy a dominant position in the money market and form the largest component of any country's banking structure. They are the oldest, largest, and fastest growing financial institutions in India. Commercial banks play a major role in economic growth by mobilizing savings, providing short-term loans and credit, and facilitating trade and business activity through services like checking accounts and lending. They act as reservoirs that collect savings from households and allocate those funds as loans to businesses and individuals for productive investment and use.
ICICI Bank is India's second largest bank. Its mission is to be the banker of first choice for customers by delivering high quality products and services globally while maintaining high ethics. Its vision is to be a leading global financial services provider in India. Strengths include its large size and market share in India, innovative technologies, and leadership. Weaknesses include higher service charges and strict policies that target wealthier customers. Opportunities lie in India's growing banking sector, emerging technologies, and expanding to new market segments. Threats include increasing global and domestic competition and potential difficulties adapting to changes due to its large size.
This document provides an overview of a study on working capital management conducted at Sejal Glass Limited. It includes:
1) An introduction outlining the purpose and scope of the study, as well as acknowledgements of those who guided the project.
2) A table of contents listing the different chapters covering topics such as the company profile, data analysis, findings, and conclusion.
3) Background information on working capital management, including definitions, objectives, and the operating cycle.
The document appears to be a student project report analyzing working capital practices at Sejal Glass Limited in order to make recommendations for improvement.
Reengineering the credit profession has become a major focus in the 1990s, as credit departments are called to modernize their practices. However, reengineering efforts must be implemented carefully to avoid losing the essential balance and risk evaluation that credit professionals provide. While tools like credit decision models, auto-cash applications, and document imaging can increase efficiency, they are not a replacement for experienced credit managers. TQM and business schools have also led some companies to misuse reengineering by eliminating credit experts, despite their importance to healthy organizations. For the credit profession to thrive, efforts must focus on research, education, and credentials to develop the next generation of professionals.
1) The document analyzes the strategic value of automating accounts payable processes for companies of various sizes.
2) It finds that while large enterprises have higher adoption of technologies, all companies struggle with paper-based invoices and exceptions.
3) Automating invoice receipt, approval workflows and payments can significantly reduce processing costs and times.
Banking in India originated in the late 18th century with the Bank of Hindustan and General Bank of India. The oldest and largest bank still in existence is the State Bank of India, which originated from the Bank of Bengal and later merged with the Bank of Bombay and Bank of Madras to form the Imperial Bank of India. In 1955 it became the State Bank of India. The government nationalized many banks in 1969 and they remain under government ownership as public sector undertakings. The modern Indian banking sector includes public sector banks, private sector banks, foreign banks, regional rural banks, urban cooperative banks and state cooperative banks.
The document provides an overview of inventory management at Apex Auto Ltd, an automotive manufacturing company in India. It discusses how inventory is central to all departments in a manufacturing unit. It then outlines the objectives of studying inventory management and its effects on working capital at Apex Auto, including analyzing inventory ratios and identifying improvement measures. The document also includes details on the company profile, suppliers, industry, and a SWOT analysis.
The document provides an overview of cash management services offered by banks to large corporate clients. It defines cash management and describes various cash management services including account reconciliation, payment services, collection services, liquidity management, clearing services and more. The purpose of cash management is to ensure efficient utilization and movement of cash resources through accurate forecasting and proper timing of cash inflows and outflows. Standard Chartered Bank offers a comprehensive suite of cash management services to corporate and institutional clients globally.
The document outlines the job search and advancement process in 5 steps:
1. Analyze your skills and set goals;
2. Adopt a search plan using various traditional and online methods;
3. Prepare documents like resumes, cover letters, and develop references;
4. Practice and succeed in interviews by being prepared to discuss your qualifications;
5. Maintain enthusiasm and learn from others to advance your career over time.
Personal Loans” are loans that are designed to meet your instantaneous financial demands that may arise out of anything varying from vacations, weddings, travel, or any reason that would call for instant cash. Why people usually opt for a personal loan is due to its immediate availability without much hassle, hue and cry that comes along with simple documentation and procedure. Personal loan can also be made use of for repaying an existing loan, renovation of your house and a lot more purposes that may not look so big but still lay a great impact on our pockets specially if had to take that much amount from our monthly budget.
Unstructured Supplementary Service Data (USSD) is a protocol used by GSM phones to communicate with service providers. It allows for real-time two-way communication without needing a internet connection, making it more responsive than SMS. USSD is used for services like mobile banking, social media access, and checking account balances through short cryptic messages.
The document discusses mergers and acquisitions, providing definitions and examples. It describes the typical stages in an M&A deal including preliminary assessment, proposal, exit planning, and integration. Key factors driving M&A activity in India are also summarized such as increasing competition and globalization.
The document provides an overview of the banking, financial services and insurance (BFSI) sector in India. It discusses that BFSI comprises commercial banks, insurance companies, banking financial companies, cooperatives, pensions funds and other smaller financial entities. It also notes that the banking part of BFSI includes core banking, retail, corporate, investment and cards services, while financial services include broking, payment gateways and mutual funds. Insurance covers life and general insurance. The term BFSI is commonly used by IT and BPO companies that manage data processing and software development for the banking and financial sector.
Merger and Acquisition in Banking Sectorfarah khan
The document discusses mergers and acquisitions in the banking sector of Pakistan. It provides background on recent mergers driven by regulatory requirements to increase capital. Two specific mergers are analyzed: the 2006 merger of Standard Chartered Bank and Union Bank, and the acquisition of Faysal Bank. Financial analyses of profitability, capital adequacy, liquidity, and growth indicators are presented for both banks before and after the mergers, showing mostly declining performance after the mergers across ratios. The mergers aimed to create more efficient banks but financial analyses show the deals did not immediately improve bank performance.
The document discusses different types of cheques including:
1. Bearer cheques which can be encashed by anyone carrying the cheque without identification. Order cheques can only be encashed by the payee named on the cheque.
2. Crossed cheques can only be deposited into a bank account and not cashed. Open cheques can be cashed or deposited.
3. Post-dated and stale cheques have time restrictions on when they can be encashed. Traveler's cheques do not expire.
Recievable Management in FMCG Sector:A sSudy of Selected Compniesprofessionalpanorama
The current study has tried to examine the sources used by the companies to finance their working capital requirements and to analyse and evaluate the receivables management. The present work therefore is a modest attempt in this direction by undertaking a study of Receivables Management. The study has also examined the liquidity position of companies. The study analysed the liquidity position of a limited sample consisting of five companies i.e. Nestle, HUL, Britannia, ITC and Dabur. The study of liquidity position is based only on one tool i.e. Ratio Analysis. Further the study is based on last 10 years Annual Reports of selected companies taken into consideration. As only FMCG sector was studied so the findings could only be generalised to this sector’s firms. Study of receivables management is very crucial for all firms. Unless the working capital is planned, managed and monitored effectively, company cannot earn profit and increase its turnover and it also helps in removing bottlenecks. Many companies go under because of cash flow issues, rather than declining profitability. Hence, traditional prudence always suggests that a firm should have sufficient cash to cover its immediate liabilities. However, there is a growing breed of FMCG companies that claim otherwise. Unlike most other industries, the turnover of a FMCG company is not limited by its ability to produce, but its ability to sell. They can generate cash so quickly they actually have a negative working capital. This happens because customers pay upfront and so rapidly, the business has no problem raising cash (like Nestle, Britannia). In these companies products are delivered and sold to the customer before the company even pays for them. A negative working capital is a sign of managerial efficiency in a business with low inventory and accounts receivables (which means it operates on an almost strictly cash basis). In other situation, it is a sign a company may be facing bankruptcy or serious financial trouble.
This document discusses various technologies used in banking. It describes Inter Bank Mobile Payment System (IMPS) and how it allows customers to transfer funds between banks via mobile devices. It also discusses online banking, use of analytics for segmentation and understanding customer preferences, convergence of storage and computing infrastructure, mobile banking, electronic bill payment, electronic fund transfer, electronic cheques, Real Time Gross Settlement (RTGS) system, and Automatic Teller Machines (ATMs). The benefits of these technologies for customers, banks and employees are reduced costs, immediate access to accounts and transactions, increased productivity and efficiency. The challenges are costs of implementation, risk of technology failures, penetrating rural areas and upgrading workforce skills.
Different Types of Loans Offered by Commercial Banks Snqobile Ndebele
The Different Types of Loans offered by Commercial Banks and Explain how Trade Credit & Equipment Loans can Provide Initial Capital Funding. Banks in Zimbabwe
The document provides an introduction to banking, describing what banks do such as accepting deposits, lending money, and offering other services. It explains the primary functions of banks, which include accepting deposits like savings, fixed, and current accounts, and granting loans like overdrafts, cash credits, and term loans. Various types of deposits, loans, and other banking services are defined and described in detail.
The document provides an overview of the Indian banking system. It discusses the history and evolution of banking in India from the establishment of the first bank in 1786 to the current system. It describes the key components of the current banking system including the Reserve Bank of India (RBI), scheduled commercial banks, cooperative banks, and tools used by RBI to regulate the system like cash reserve ratio, repo rate, and statutory liquidity ratio. The banking system has transitioned India to a strong economy with robust banking.
This document provides an overview of cash management for a business. It discusses the key motives for holding cash, including transactional needs, precautionary needs, and speculative opportunities. It also introduces the concept of cash planning, which involves forecasting cash inflows and outflows to ensure a business maintains sufficient but not excessive cash on hand. Cash planning aims to avoid situations of cash shortages or excess idle cash. The document serves as an introduction to a student project on cash management practices.
Commercial banks occupy a dominant position in the money market and form the largest component of any country's banking structure. They are the oldest, largest, and fastest growing financial institutions in India. Commercial banks play a major role in economic growth by mobilizing savings, providing short-term loans and credit, and facilitating trade and business activity through services like checking accounts and lending. They act as reservoirs that collect savings from households and allocate those funds as loans to businesses and individuals for productive investment and use.
ICICI Bank is India's second largest bank. Its mission is to be the banker of first choice for customers by delivering high quality products and services globally while maintaining high ethics. Its vision is to be a leading global financial services provider in India. Strengths include its large size and market share in India, innovative technologies, and leadership. Weaknesses include higher service charges and strict policies that target wealthier customers. Opportunities lie in India's growing banking sector, emerging technologies, and expanding to new market segments. Threats include increasing global and domestic competition and potential difficulties adapting to changes due to its large size.
This document provides an overview of a study on working capital management conducted at Sejal Glass Limited. It includes:
1) An introduction outlining the purpose and scope of the study, as well as acknowledgements of those who guided the project.
2) A table of contents listing the different chapters covering topics such as the company profile, data analysis, findings, and conclusion.
3) Background information on working capital management, including definitions, objectives, and the operating cycle.
The document appears to be a student project report analyzing working capital practices at Sejal Glass Limited in order to make recommendations for improvement.
Reengineering the credit profession has become a major focus in the 1990s, as credit departments are called to modernize their practices. However, reengineering efforts must be implemented carefully to avoid losing the essential balance and risk evaluation that credit professionals provide. While tools like credit decision models, auto-cash applications, and document imaging can increase efficiency, they are not a replacement for experienced credit managers. TQM and business schools have also led some companies to misuse reengineering by eliminating credit experts, despite their importance to healthy organizations. For the credit profession to thrive, efforts must focus on research, education, and credentials to develop the next generation of professionals.
1) The document analyzes the strategic value of automating accounts payable processes for companies of various sizes.
2) It finds that while large enterprises have higher adoption of technologies, all companies struggle with paper-based invoices and exceptions.
3) Automating invoice receipt, approval workflows and payments can significantly reduce processing costs and times.
Benefits-of-Financial-Technology-for-Banks_RMA Jan 2017Max Zahner
This document summarizes how community banks can use technology to successfully compete in commercial and industrial lending. It discusses that C&I lending can provide higher returns than other types of lending but is difficult for banks to do well due to the complex underwriting and loan administration processes required. It then describes how adopting new technology can streamline these processes, reducing the time and costs to underwrite loans and conduct loan reviews. This allows community banks to profitably lend to smaller businesses and increase their return on equity through expanding their C&I lending business.
A Guide for Credit Providers Moving to Participate in CCR by David GraftonDavid Grafton
Here's my latest white paper and associated spreadsheet, intended as a practical guide for all credit providers moving to participate in comprehensive credit reporting (CCR).
The white paper sets out all of the considerations and actions that a CP’s stakeholders need to take at each step of the CCR journey.
The roadmap spreadsheet (available at www.davidgrafton.com.au) is a timeline showing month by month what needs to happen, by which part of the organisation.
The white paper is available as a hard copy upon request.
The document discusses the need for banks to establish a single view of the customer to improve revenue growth, reduce costs, and better manage risk. It explains that a master data management (MDM) solution can help banks integrate customer data across multiple systems and business units. The key benefits of an MDM include improved customer experience, increased cross-selling opportunities, and reduced operational costs from data duplication. Some of the challenges in implementing MDM are gaining executive support, developing a fact-based business case, creating a practical roadmap, and ensuring an integrated solution that addresses technology, processes, and organizational changes.
The document discusses strategies for optimizing accounts receivable (A/R) management. It outlines benefits like reducing bad debt risks by 20-50% and generating 10-40% of receivables in cash. Best practices include having senior management commitment, accurate order fulfillment, consistent collection processes, and using metrics and technology. A case study shows how a $1.5B manufacturer improved A/R management, releasing $45M in cash and reducing DSO from 47 to 36 days.
Etude PwC sur l'efficacité de la fonction finance en entreprise (2013)PwC France
http://pwc.to/1b8DlaR
Sont abordés dans cette étude le coût de la fonction finance, sa performance, l'évolution de ses missions, celle de ses équipes, son utilisation des nouvelles technologies, ainsi que les différences existant au sein de cette fonction entre des secteurs d'activité aussi différents que ceux des technologies ou des services financiers.
4 Reasons Why CFOs Should Rethink B2B Accounts Receivable PaymentsWilliamJames346254
This e-book shows 4 major reasons why CFOs need to change their B2B payments strategy and Explore how digital payments enhances Sage Intacct’s payment capabilities.
This paper was presented at the Future of SMEs Banking Conference organised by Business a.m on 27th November, 2019 in Lagos. For SMEs to be able to play the role of engine of growth, Banks and other financial services provider need to be creative in managing funding and credit risks.
This white paper discusses how outsourcing early stage receivables (those under 60 days past due) to the right partner can help mid-sized businesses improve their cash flow. It notes that collecting on accounts before they reach 60 days past due significantly increases the chances of payment. The paper outlines benefits of outsourcing like better collection results at lower cost, retaining customer relationships, and access to expert knowledge. It stresses the importance of carefully selecting a partner with receivables management as its core business that can provide customized solutions and meaningful reporting.
White Paper: From Accounts Receivable to Smarter ReceivablesMoretonSmith
This paper sets-out MoretonSmith’s Smarter Receivables concept and describes how it can be pursued to implement the optimum balance of people, process and technology, in order to achieve transformational insights, efficiency and effectiveness in accounts receivable.
The document summarizes key findings from Aberdeen Group's 2006 Invoice Reconciliation and Payment Benchmark Report. It finds that most companies have limited visibility into spending due to a reliance on paper invoices and lack of integrated systems. Only 4% of surveyed companies have real-time visibility into costs. It recommends that companies automate invoice processing, manage payment terms, leverage financial institution services, and integrate source-to-pay systems to improve visibility into spending and manage costs.
This document discusses the career opportunities and qualifications for becoming a Certified Public Accountant (CPA). It notes that demand for CPAs has increased due to factors like renewed focus on business ethics, globalization, and new technology. CPAs work in diverse roles beyond traditional accounting, including auditing, tax planning, IT services, and forensic accounting. The path to becoming a CPA involves obtaining a bachelor's degree, completing additional accounting credits, passing the Uniform CPA Exam, and gaining work experience. Earning a CPA license enhances career prospects and earning potential across various sectors of business.
This report analyzes the internal controls and accounting system of Chic Paints Ltd. It examines the company's history, current accounting systems, and compliance with external standards and regulations. The report also identifies key internal stakeholders and evaluates the accounting department, record keeping, training, and ethical practices. Recommendations are provided to improve internal controls, minimize fraud risk, and invest in a more sophisticated accounting software package and staff training. Implementing the recommendations would enhance reporting, working capital management, staff morale, and reduce fraud while ensuring compliance.
The document provides an overview of credit and collections management (CCM) and outlines 17 things organizations should be doing to reduce outstanding accounts receivable. It discusses the importance of creating a credit management plan, providing accurate and timely customer information, developing key performance indicators (KPIs) to measure progress, and clearly defining the roles and responsibilities of credit and collections staff. The document emphasizes that formalizing business processes through a credit plan and use of a CCM system can help organizations improve metrics like days sales outstanding, bad debt levels, and cash flow.
Best practices-b2 b-collection-managementJohn Metzger
This document provides best practices for B2B accounts receivable collection strategies. It discusses leveraging technology like a SaaS collection system to automate workflows and prioritize accounts. Key performance indicators like days sales outstanding and bad debt percentages should be monitored. A written credit and collection policy along with billing options like electronic invoicing can improve cash flow. Collection practices should prioritize strategies based on risk, payment history, cash goals or delinquency reduction. Technology, metrics, policies and prioritizing accounts are presented as ways to optimize the collection process.
CashPerform has a unique offering that facilitates efficiency in the cash conversion cycle to recover cash from suppliers, customers and internal efficiences. This translates into Working Capital Optimisation
The document discusses how the insurance industry is facing disruption from rapid digitization, rising customer expectations, economic challenges, and sophisticated fraud. It states that digitization is transforming operations and business models. The new generation of customers expect highly personalized, responsive, and seamless experiences. Younger demographics are impacting the industry. The document recommends that insurance providers reshape their operating models, customer experiences, and value delivery through digital transformation to adapt to these disruptive forces.
This white paper discusses alternatives to offshore outsourcing for customer service programs, focusing on the potential for home-based agents. It outlines reasons companies outsource such as costs, quality and experience. Offshoring can reduce costs significantly but often impacts quality through language barriers. The paper examines "at-home" agents as an alternative, describing improved security, hiring practices and training for home agents. It provides an example of a company using a home agent program successfully to lower costs while maintaining quality customer service.
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5 Tips for Creating Standard Financial ReportsEasyReports
Well-crafted financial reports serve as vital tools for decision-making and transparency within an organization. By following the undermentioned tips, you can create standardized financial reports that effectively communicate your company's financial health and performance to stakeholders.
Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...AntoniaOwensDetwiler
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
University of North Carolina at Charlotte degree offer diploma Transcripttscdzuip
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Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
[4:55 p.m.] Bryan Oates
OJPs are becoming a critical resource for policy-makers and researchers who study the labour market. LMIC continues to work with Vicinity Jobs’ data on OJPs, which can be explored in our Canadian Job Trends Dashboard. Valuable insights have been gained through our analysis of OJP data, including LMIC research lead
Suzanne Spiteri’s recent report on improving the quality and accessibility of job postings to reduce employment barriers for neurodivergent people.
Decoding job postings: Improving accessibility for neurodivergent job seekers
Improving the quality and accessibility of job postings is one way to reduce employment barriers for neurodivergent people.
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OJP data from firms like Vicinity Jobs have emerged as a complement to traditional sources of labour demand data, such as the Job Vacancy and Wages Survey (JVWS). Ibrahim Abuallail, PhD Candidate, University of Ottawa, presented research relating to bias in OJPs and a proposed approach to effectively adjust OJP data to complement existing official data (such as from the JVWS) and improve the measurement of labour demand.
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
How Does CRISIL Evaluate Lenders in India for Credit RatingsShaheen Kumar
CRISIL evaluates lenders in India by analyzing financial performance, loan portfolio quality, risk management practices, capital adequacy, market position, and adherence to regulatory requirements. This comprehensive assessment ensures a thorough evaluation of creditworthiness and financial strength. Each criterion is meticulously examined to provide credible and reliable ratings.
Understanding how timely GST payments influence a lender's decision to approve loans, this topic explores the correlation between GST compliance and creditworthiness. It highlights how consistent GST payments can enhance a business's financial credibility, potentially leading to higher chances of loan approval.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
1. 9 Proven Ways to Reduce DSO by 15%
How Fortune 1000 companies and SMBs automate credit and
accounts receivable operations to improve productivity and reduce
DSO and past-due A/R.
e – b o o k