Sei sulla pagina 1di 23

CASH

MANAGEMENT
SERVICE

BY
AJEETESH SRIVASTAVA

WHAT IS CMS ..?


A hybrid system of collections and
remittances at faster pace with certain
value additions.
CMS seeks to provide customized and
efficient collection and payment
services to business entities.
In other word, it can be said that it is a
combination of collection and payment
services, customized and packaged to
meet the needs of the individuals &

OBJECTIVES
To attract and retain Customers by offering
customized products and services.
To manage cash flows, liquidity and ensure
reduction in costs.
To provide additional value added facilities to
customers.
To adapt the changing business environment.
To make the process involved in remittances and
collection effective and efficient.
To create niche market segments and stay ahead
of competitions.

CMS & AXIS BANK : An Intro!


Branches , electronically linked, across
226 cities in the country.
Tie-Up with other banks to provide wider
CMSs. This translates into AXIS Banks
capability to provide CMSs to more than
2500 locations pan INDIA.
The Bank has the provision of CCPH i.e.
Centralized Payment & Collection Hub
to resolve queries promptly and
efficiently.

ADVANTAGES
CORPORATES

Improved liquidity
through faster access to
funds.

AXIS BANK
Client acquisition by
offering CMS as an entering
strategy.

Assured funds in the


pooling accounts.

Fee as well as float based


income.

Reduced borrowings and


lower interest payments.

Cross selling of other


banking products.

Deployment of funds is
easier by reduction in
accounts maintained by
banks for different
requirements.

Monitoring of cash inflows


of the corporate where
bank has a credit exposure.

Lower operational costs.

Developing overall
relationships.

Single window query.

Balancing and mismatches


at the branch level from the
CMS funds.

PRODUCTS OF CMS
Collection services
Payment service
Pricing
Organization and System

COLLECTION SERVICES
It can be categorized under following modes
Local cheque clearing - The process is same but bank
adds value to the service as instead of bringing
cheques to the bank , they offer pick up services
from the customers premises.
Upcountry cheque collection the bank appoints a
courier company at the place of the customer, to go
to his office periodically and collect cheques . The
courier company sends the cheques at the branch.
Then normal remittance procedures are followed.
Management information systems (MIS)- Unlike
traditional process under CMS when courier picks up
the cheques they also pick up deposit slips which will
contain all the information required by the company,
like invoice, commission , rebate ,etc.

PAYMENT SERVICES
Many businesses need to make payments, in bulk, all across
the country.
By CMS , the bank offer to relieve their Business Clients of
the entire payment making work, both local or upcountry.
The client is required to give only list of payments to be
made, electronically and the rest is taken care by bank.
The various payment payment services that banks give
under CMS are:
Bulk Payorders & Demand Drafts : The Bulk Payoreder &
DDs request can be given to banks CMS HUB directly or
through branch. The HUB will arrange the bulk printing
nearest to the customers premises and then deliver it
to it.
Remote Printing: If the client has to send multiple
payments at multiple places then he can electronically

PRICING
This deals with the service charges that has to
be paid to the bank providing CMS.
The following factors influence CMS charges
Client background, relationship value
Credit rating of the company
Volume and value of expected
transactions
MIS requirements
The charges levied for CMS consists of two
elements
The service charge
The interest factor for early clearance

Organization and System


A central control room or hub, which manages
the flow of data and funds from various
locations and supports the field operations in
whatever manner needed.
A centralized application system with access to
the branches and correspondents for entering
data relating to the cheques and other
information in the deposit slips.
The hub has a crucial role to play in managing
correspondents and courier arrangements
which are the backbone of the CMS
infrastructure.

AXIS CMS LETS TAKE A LOOK


COLLECTION
Local Cheque Collection

This facility is offered for local cheque collection by our


bank or coordinators present. There are 19 coordinator
locations & 295 local cheque collection locations.

Upcountry Cheque Collection

Cheques drawn or deposit on different locations.


This facility is available at more than 3000+ branches
Also have tie-ups with 8 Correspondent Banks

Utility Bill Collection Services

It mainly deals with your regular bill payments.


Requirements of utility service providers are: Realization &
Remittances, drop boxes, cash pick-up services, MIS,
locations.
Collection Channels: Cash Collection, cheque collection,
drop boxes, ATMs, ECS.

CONTINUED
Bulk Collection

In this the cheques collected at 300 different locations


are routed through the bulk collection module of CMS.
Deposit slip level detail for all collections.
Infrastructure to handle PDCs.

Cash Pick Up & Delivery

one of the few banks to offer this service.


Tie-up with reputed vendors to arrange for cash pick up
and delivery.
Call pickup service , as & when required.
Complete security & insurance of the cash.

Electronic Clearing System

Debit Clearing : Applicable for Tele./Elec. Bill, loan


instruments etc. available at all RBI approved locations.

CONTINUED
Collecting Banker for IPOs
Intermediaries Involved : BRLMs, Registrar to the issue,
Bankers to the Issue, Auditors of the company,
underwriters to the issue.
Bankers role in the process: Dealing with the escrow
account, collecting cheques & DDs from bidding members
on the same day, security of Bid Forms Received,
preparation of banking schedule, handing over BAF to
Schedule Registrar, cleaning of cheques, final certificate to
registrar.
USP of this Service :
Vast coverage
Single point contact at CCPH, Mumbai.
Comprehensive MIS ( Schedules & Certificates).
Strict adherence to RBI guidelines.
Enhanced security
Relationship manager
IPO software

PAYMENTS
Payments of dividend warrants/
redemption warrants
Online validation of instruments with issue masters before
payment at all axis bank branches.
Online marking of stop payments.
Online status of paid-unpaid instruments available.
Dedicated payment cell to ensure efficient resolution of
queries.

Remote printing of demand drafts


Facility of printing bulk DDs with facsimile signature of
bank officials.
Printing of instruments with cover note to capture payment
requests.
Dispatch of the printed instruments to the beneficiaries.
Currently 90 locations are activated.

Direct Credit
Facility of crediting multiple axis bank accounts across the
country against a single file provided in any of the bank
branches.

CONTINUED
Customer cheques
Printing of CCs can be initiated by customer through web
payment interface.
The print file may be directly uploaded by the client or
submitted to any branch for upload.
Online marking of stop payments.

Electronic clearing service


Debit and credit ECS facility available at all designated ECS
centers.
ECS credit can be utilized for payments like interest/
dividend, etc.
ECS debit can be utilized for payment of utility bills,
collection of taxes, etc.
Available in 87 centers, managed by RBI and Public Sector
Banks.

EFT (Electronic Fund Transfer) NEFT and


RTGS
An expeditious system of funds transfer across any of over
63,000 branches of more than 89 banks.

AXIS BANK CONTRIBUTION IN


THE GOVERNMENT BUSINESS
Axis bank is the first private bank to be authorized by the RBI
and Government of India for collecting taxes on behalf of State
Government in twin cities of Hyderabad and Secunderabad.
Collection of direct taxes on behalf of CBDT.(214 authorized
branches)
Collection of indirect taxes on behalf of CBEC. (56 authorized
branches)
Disbursement of central government pensions. (218 authorized
branches)
Expenditure related payments of central government
,ministries of department, state govt. business including
collection of state taxes based on the recommendations of

FAQs!!
PAYMENTS

Does our company require opening an account with Axis Bank


for availing Cash Management Services?
In Payments, it is mandatory to open a current account
with the Bank.
How long does it take to start with the CMS from Axis Bank?
After the receipt of complete documentation it takes only
2-3 working days to begin with Cash Management
Services.
What is the documentation required?
Individual products require different documentation.
Specially designed documents to reduce your executive
time spent on the documentation. You can send an email
tocash.management@axisbank.com
Are the reports available on the internet?
By using our highly secured WEB CMS and iconnect
Modules you can access detailed information about your
financial transactions.

FAQs Continued!!
COLLECTION

Does our company require opening an account with Axis Bank


for availing Cash Management Services?
For Collections, it is suggested to open an account with the
Cash Management Banker, however it is not mandatory to
open any account for pooling of Collection funds.
How long does it take to start with the CMS from Axis Bank?
After the receipt of complete documentation it takes only
2-3 working days to begin with Cash Management
Services.
What is the documentation required?
Individual products require different documentation.
Specially designed documents to reduce your executive
time spent on the documentation. You can send an email
tocash.management@axisbank.com
Are the reports available on the internet?
By using our highly secured WEB CMS and iconnect
Modules you can access detailed information about your

HOW TO LOCATE CMS CENTERS


Of
AXIS BANK
STEP 1

STEP 2

HOW TO LOCATE CMS CENTERS


Of
AXIS BANK

STEP 3

HOW TO LOCATE CMS CENTERS


Of
AXIS BANK
STEP 5
STEP 6
STEP 7

RESULT

STEP 4

CMS business adds a lot of


value to the customers and
the bank. At the same time it
is a very complex operation.

REFERENCES
www.axisbank.com
>> FAQs, Locating
CMS
Centers
M. N. Gopinath
>> CMS Definition & Basic
Concepts
Axis Banking Awareness >> Banks CMS
services & Training Manual
their features
www.google.co.in
>> images &
awareness
content

THANK
YOU