Baroda DigiNext Cash Management Services

• Create digital eco-system through a seamlessly connectivity with your customers, suppliers, employees, and revenue departments for exchange of financial information and transactions.
• Unmatched branch network will enable the corporates to accelerate their receivables, enhance control over their payments and enable just-in-time funding.
• Management Information System (MIS) and reconciliation service to manage customer’s receivables and payables on Real time basis.
• Single file for processing multiple type of payments RTGS, NEFT, IMPS & IFT
• Bulk file formats can be designed as per client specifications
• Single sign-on for operating & inquiry of different types of accounts.
• Automated email and SMS advising on payment details to beneficiaries.
• Integration with ERP systems through SFTP & API for payments initiation & reconciliation
• Provision for Future Value Dated transactions and Grace Period for authorization of transactions at DigiNext Portal
• Customized entitlement for each & every functionality for DigiNext portal.
• The client can define Service control parameters like Maximum transaction amount per day / per month, Maximum no. of transactions per day.
• Detailed Dashboard for status inquiry.
• Omni-channel Access to customer’s Financial Transactions

Baroda Cash Management System enhances digitization and operational efficiencies in the purchase-to-pay process through system integration, straight through processing, payment advising and automated account reconciliation. Its rich capabilities in handling complex corporate workflows and parameterized system driven limits for payments brings strong controls over the payables process.

• Dashboard & Analytics.
• Customizable payment input file.
• Salary & beneficiary registration basis entitlement.
• Automated email and SMS advising on payment details to beneficiaries.
• Single & consolidated debit.
• Multiple payment modes through one file
• Payment through registered beneficiaries
• Extensive advice template 
• Bulk upload option for quick payment
• Flexible multi-layer authorization matrix
• Facility to SMS / mail to beneficiary directly.
• Value-added MIS & exclusive customizable report for reconciliation
• Cheque & DD printing at BOB branch or Customer premises.
• Alerts at various transaction levels.
• NACH Payment
• Positive Pay confirmation.

The Cash Management Services enables faster realization of funds and thus giving the ability to sell more while lowering need for working capital and knowing which invoices have got paid.
Bank of Baroda’s Pan India network of branches means convenience for depositing your receivables – cheque, cash and electronic. Its flexibility in customizing the data capture for your receivables coupled with rich features like online authentication, search options, advising and reconciliation means that you can apply the funds quickly and reduce the daily sales outstanding.

• Cash & Cheque Pickup services: Customer can avail Cash / Cheque pick up facility from various location and time as per their convenience. We also offer Coin Counting, Cash Vaulting, Pick up on Bank holidays and Sundays, Cash Burial with detailed MIS.
• Virtual Account: The solution enables identification of remitter information for all mode of payments. Inward transactions to virtual accounts will assist in segregating cash flow at a different business units or at a product line level.
• NACH / DDI: This facilitates Corporates for collection of bulk & repetitive payments like loan EMIs, Mutual fund SIPs, Utility bills, Insurance premiums etc. from their customers. Collections through DDI, NACH (Debit) & Payments through NACH (Credit) aims at facilitating interbank high volume, low value debit/credit transactions, which are repetitive in nature, electronically using the NPCI service.
• E-NACH: It is real time automated registration of mandates through API which enables the corporate customers to route the Buyers/ Payers to seamlessly register a Debit Mandate Instruction along with respective destination bank’s on-line authorization (Debit card & Internet Banking) through NPCI enabled interfaces.

It enables effective working capital management, visibility, control, and optimization of all the balances across Corporates & Government organization customers’ accounts and making funds easily available.  It provides tools like cash forecasting and assured date of credit to ensure that you can predict your cash-flows and manage your liquidity.

• Consolidated cash position across accounts, locations and subsidiaries,
• Automated rule-based cash sweep in concentrated account
• Reduction in Bank accounts for simplifying management of funds.
• Daily limit on the funding into payment accounts.
• Cash forecasting for payables & receivables.

Bank of Baroda’s Omni-channel connectivity solution – Baroda DigiNext provides with a wide range of options like corporate internet banking, host-to-host banking, API (Application programming Interface), for exchanging the transactions and information. The advanced analytics, dashboards, reports, and alerts have been designed to facilitate decision making. Its self-serve features ensure that you have complete control in managing communication with the Bank.

• Internet banking application (DigiNext):. Our Internet Banking service makes banking a lot more easy and effective. It is a portal application allows clients to access advanced capabilities in business analysis, reporting, security and controls from anywhere and anytime. Client can inquire accounts & transactions details, undertake a wide range of transactions online & generate customized MIS for reconcillation. Baroda DigiNext Portal application can be accessed by the corporate client over internet on their Desktop PC using URL https://barodadiginext.com.
• Host to Host (SFTP) : H2H is an automated, two-way file based data transfer service for high-volume online banking that gives customers direct, anytime access to Business from various applications. Host-to-Host is a direct system-to-system secured integration between customer ERP system and the Bank, and with no user intermediary involved. The client system communicates with the Bank through SFTP services.
• API (Application programming interfaces): API Banking is the Real time solution for processing banking transaction , It makes use of APIs (JSON code) for communication between bank and client servers, making data transfer between these two systems, ensuring seamless and secured integration between the customer’s and bank’s systems. It helps in fast reconciliation as it reduce turn-around time as initiation as well as reverse status available on customer ERP system on real time. Easy reconciliation