Comprehensive payment and collection solution offering centralized payment processing, automated receivables management, real-time transaction monitoring, cash flow forecasting, and regulatory compliance tools.
More about TCS Financial Solutions
Systems that facilitate various payment and collection methods tailored to corporate needs.
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Multi-bank connectivity Ability to connect and integrate with accounts at multiple banks. |
As a comprehensive corporate banking platform, TCS BaNCS supports multi-bank connectivity for consolidated payments and collections. | |
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Account aggregation Collates balances and transaction data from various accounts into a single dashboard. |
Product claims to centralize balances and transactions across accounts; built-in dashboard shown in marketing materials. | |
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Real-time account balance Provides up-to-date account balances. |
Notes reference real-time transaction monitoring, implying real-time balances. | |
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Account hierarchy management Manages structures like parent/child or pooled accounts. |
Platform supports complex account structures (e.g. pooling), indicated by feature guides. | |
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Account reconciliation Supports bank statement and transaction reconciliation. |
Product includes automated reconciliation for payments, as referenced under receivables management. | |
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Virtual account management Enables use and management of virtual/alias accounts for collections/reconciliation. |
Virtual accounts are mentioned as tools for collections and reconciliation. | |
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Automated account mapping System can auto-map inbound payments to client reference codes. |
No information available | |
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Daily transaction capacity Maximum number of transactions/accounts system can manage daily. |
No information available | |
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Bulk upload/download Allows bulk import/export of account or transaction data. |
Marketing documentation confirms bulk data import/export for onboarding and reconciliation. | |
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Custom account reporting Users can generate customizable reports on account activity. |
Custom reporting is a standard product capability. | |
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Multi-currency account support Handles accounts in multiple currencies. |
Supports multicurrency treasury and cash management. | |
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APIs for account management APIs for integration into ERPs for real-time account management. |
API-based account management highlighted for ERP integration. |
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Batch payments Support for processing multiple payments in one batch. |
Batch payments supported for payroll and supplier payments. | |
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Payment type support Ability to process multiple payment types (wire, ACH, SEPA, SWIFT, RTGS, etc). |
Product supports a wide range of local and global payment types, including wires and ACH. | |
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Real-time payments Support for immediate/instant payment clearing and settlement. |
Real-time payments referenced both in product datasheet and on website. | |
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Payment approvals workflow Configurable multi-step payment release authorization. |
Configurable approval workflows mentioned for payment security. | |
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Automated payment routing System recommends/auto-selects optimal payment rails. |
Automated payment routing selectable based on optimal rails is described in solution features. | |
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Payment limit controls Define limits for payment values per user/transaction. |
Payment control features include user and transaction value limits. | |
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Dual authorization Requires two or more users to authorize payments. |
Dual/multilevel authorization supported for payment security. | |
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Bulk payment speed Average time to process a bulk payment batch. |
No information available | |
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Error and exception handling Intelligent identification and handling of failed or returned payments. |
Automated error management for failed/returned payments described in product documentation. | |
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Multiple beneficiary management Supports managing a database of beneficiaries. |
Support for maintaining multiple beneficiaries per corporate client. | |
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End-to-end payment tracking Track payments from initiation to beneficiary’s account. |
Real-time tracking from initiation to settlement is a highlighted capability. | |
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Payment data validation System validates payment instructions before submission. |
Payment data validation steps/procedures listed in integration guides. |
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Automated receivables reconciliation Automatically matches inbound payments with open invoices. |
Claims automated invoice matching with receivables in product overviews. | |
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Virtual account for collections Assigns unique virtual accounts to customers for automated receivables tracking. |
Virtual/alias accounts for collections offered as a standard feature. | |
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Direct debit support Facilitates automated recurring collections via direct debits. |
Supports direct debit mandates and recurring collections per payment automation notes. | |
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Discounts and invoice adjustments Applies early payment discounts and fee adjustments automatically. |
No information available | |
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Collection notification automation Sends payment reminders/notices to customers automatically. |
Automated invoice reminders and dunning are built-in to collections functionality. | |
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Customer payment portal Self-service portal for customer payments and invoice download. |
Portal for customers to settle invoices and access transaction histories included. | |
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Cash application engine Automates allocation of incoming payments to correct customer accounts and invoices. |
Automated cash application mentioned as a main capability for receivables. | |
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Remittance advice processing Captures and uses remittance information to match payments accurately. |
No information available | |
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Daily collection capacity Maximum number of collection transactions system can process daily. |
No information available | |
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Integration with e-invoicing Links e-invoicing outputs to payment and collection engine. |
Integration with e-invoicing platforms referenced as part of collections ecosystem support. | |
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Support for partial payments Handles multiple or partial payments per invoice. |
Supports partial and installment-based invoice payment. |
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Open API support Offers well-documented APIs for all core functionalities. |
Open API support highlighted for broad integration by third parties. | |
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ERP integration Native connections to major ERP systems (SAP, Oracle, Microsoft, etc). |
ERP integrations with SAP and Oracle mentioned explicitly in datasheets. | |
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Custom integration support Ability to build custom connectors to bespoke systems. |
Ability to build custom connectors stated in integration documentation. | |
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SFTP integration Ability to transmit and receive files securely via SFTP. |
Product supports SFTP for file integrations with partners and customers. | |
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Webhook notifications Real-time push notifications via webhooks for system events. |
Webhook and push notification architectures are shown for event alerting. | |
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Plugin marketplace Access to a marketplace of pre-built application plugins. |
No information available | |
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Batch file import/export Supports high-speed batch payment/collection file operations. |
Batch file import/export included for payment and collections in user manuals. | |
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Integration latency Average response time for API calls. |
No information available | |
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Custom field mapping Ability to map and transform data fields for integration purposes. |
Custom field/data mapping is offered for system integration. | |
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Standard messaging protocols Supports industry protocols (ISO 20022, SWIFT MT, etc). |
Standard protocols like ISO 20022, SWIFT MT supported (referenced in TCS BaNCS documentation). |
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End-to-end encryption All data is transmitted with strong cryptographic encryption. |
Platform is certified for secure, encrypted financial messaging. | |
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2-factor authentication Requires multi-factor authentication for user access. |
Compliance with multi-factor authentication highlighted in security fact sheet. | |
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Audit logging Comprehensive event and transaction audit log. |
Comprehensive audit logging claimed for all transaction events. | |
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User permissions management Granular controls over user rights and role-based access. |
Granular user and role-based access controls standard per security documentation. | |
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Payment fraud detection Automated tools to detect suspicious transactions. |
Automated risk/fraud detection engines referenced in product datasheet. | |
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Alerts and notifications Notifies users/admins of critical security or compliance events. |
Alerts and notifications configurable for users/administrators. | |
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Sanctions list screening Checks counterparties against up-to-date sanctions lists. |
Sanctions list screening is a mandatory compliance feature for international payments. | |
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Regulatory reporting automation Automates generation of regulatory and compliance reports. |
Automated regulatory reporting tools referenced in compliance solution outlines. | |
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Compliance certifications Certifications such as PCI DSS, ISO 27001, SOC 2, etc. |
Certifications listed as part of enterprise banking client requirements (PCI, ISO 27001, etc.). | |
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Session timeout configuration Customizable timeout interval for inactive sessions. |
No information available | |
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Data retention policy management Configurable data retention and deletion rules. |
Customizable data retention rules available for compliance management. |
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Role-based dashboards Personalized interfaces based on user roles. |
Personalized dashboards based on user role referenced as a UI feature. | |
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Mobile app support Native smartphone application for on-the-go access. |
Mobile app available for corporate banking on both iOS and Android. | |
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Multi-lingual interface Supports more than one interface language. |
Platform described as supporting multiple languages for global clients. | |
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Customizable widgets Users can add/remove UI widgets according to their needs. |
No information available | |
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Accessibility standards compliance WCAG/ADA compliance for users with disabilities. |
No information available | |
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Self-service onboarding Allows corporate users to onboard and configure features independently. |
No information available | |
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User feedback tools In-app customer support, chat, and feedback submission. |
User support includes in-app chat and feedback modules. | |
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Notification preferences Users control what, how, and when they receive notifications. |
No information available | |
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Concurrent user support Number of users who can concurrently access the system. |
No information available |
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Custom report builder Flexible tool for users to design custom reports. |
Custom report creation tool available for all modules. | |
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Scheduled reports Automatic delivery of reports at scheduled intervals. |
Reports can be generated and delivered at scheduled times per reporting engine documentation. | |
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Dashboard visualization Graphical dashboards display key KPIs and data trends. |
Dashboards and KPI visualizations are a standard product feature. | |
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Drill-down analytics Users can start with summary data and drill into transaction details. |
Drill-down analytics capabilities referenced in analytics solution outlines. | |
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Export formats Reports can be exported to various file formats (CSV, XLS, PDF, etc). |
Reporting outputs in multiple file formats (CSV, PDF, XLS) supported. | |
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Payment pattern analysis System suggests optimized payment times/routines based on historic patterns. |
No information available | |
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Exception/outlier detection Identifies anomalous transactions or behaviors. |
No information available | |
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Real-time data analytics Data is available for analytics with minimal delay. |
Real-time analytics for cash flow and transaction monitoring referenced. | |
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Number of standard reports Default number of pre-built standard reports. |
No information available |
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Horizontal scaling Ability to add capacity by increasing hardware or instances. |
Horizontal scaling via cloud and on-premises deployments described in technical documents. | |
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Vertical scaling Ability to handle increased loads by upgrading to more powerful hardware. |
Supports vertical scaling for high transaction volumes as part of performance options. | |
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High availability Design enables minimal downtime or service interruption. |
High-availability architecture (including redundancy) referenced for business continuity. | |
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Failover capability Automatic system switch-over if there is a component failure. |
Failover capabilities implemented—stated in system architecture collateral. | |
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Disaster recovery Comprehensive disaster recovery for business continuity. |
Documented disaster recovery strategy included for enterprise deployments. | |
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Average transaction latency Average time to process a single payment/collection. |
No information available | |
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Daily peak throughput Maximum number of payments/collections processed in peak hour. |
No information available | |
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Real-time scaling notifications Notifies administrators when scale thresholds are exceeded. |
No information available |
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Transparent fee breakdown Detailed itemization of fees and charges. |
Product documentation includes detailed breakdown of all applicable fees. | |
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Usage-based pricing support Supports pricing based on volume of transactions/users. |
Supports usage-based transaction pricing, depending on agreement. | |
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Dynamic cost estimation tools Allows simulation of monthly/annual spend based on planned usage. |
No information available | |
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Cost allocation by branch/department Assigns and tracks costs by organizational unit. |
No information available | |
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Alerts for cost overages Notifies when usage/cost thresholds are exceeded. |
No information available | |
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Contract management Tracks contracts, renewal dates, and related pricing agreements. |
Contract management and renewal tracking described as available for customers. | |
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Fee negotiation support Supports dynamic negotiation of fee tiers based on volume. |
Fee negotiation support for high-volume customers referenced in pricing section. |
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24/7 customer support Round-the-clock phone, email or chat support. |
24/7 customer support explicitly mentioned for corporate clients. | |
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Extensive user documentation Comprehensive user manuals, FAQs, and guides. |
Comprehensive documentation and knowledge portal described under support. | |
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In-product help tooltips Context-sensitive help links and tooltips. |
Application includes context-sensitive help and tips. | |
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Onboarding program Structured onboarding, training, and certification for users. |
Formal onboarding and user training program outlined in client materials. | |
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Self-paced eLearning Access to online self-service training modules. |
Self-paced e-learning modules available for product training. | |
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Dedicated account manager Assigned individual for personalized support. |
Dedicated account managers assigned to enterprise banking clients. | |
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Knowledge base search Searchable central resource for FAQs, troubleshooting and updates. |
Central knowledge base with search functionality available for users. |
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