3i Infotech has established a new platform of integrated software functionality that will enable receivables finance organisations to achieve previously unachievable levels of automation and straight through processing.
KASTLE Factoring enables institutions engaged in factoring and receivables finance business to help their clients enhance the velocity of their investment by unlocking the potential in open account trade receivables. The solution focuses on critical business issues like flexible product offerings, effective risk management, increased business volumes, rapid transaction turnaround and straight-through processing. The advanced Web-based architecture helps factoring organizations collaborate with clients and partners in an extended enterprise model for overall process efficiency and effective resource utilization.
The comprehensive, modular end-to-end application provides a complete solution for the entire range of factoring business process requirements.
The multi-entity, multi-currency and multi-language facilities makes the product a truly international solution.
- KASTLE Factoring CRM is a new module that captures and processes the information necessary to evaluate, structure and create receivables finance facilities. Client information captured in the origination process is centrally maintained and used throughout the organisation as needed for credit analysis, documentation, contract execution and processing. As incremental data elements are added throughout the decision process, they are made available to credit analysts, underwriters and review authorities as needed to complete processing of the facility application.
- KASTLE Factoring BI in a Box Go! Is a new ‘out of the box’ business solution which provides executives, business users and analysts with an intuitive user-directed query and analysis tool accessed through an easy-to-use dashboard interface. KASTLE Factoring BI in a Box Go! ensures a clear vision for the business user by providing relevant information either on a desktop, a laptop or even on an iPhone.
- KASTLE Factoring DMS is a new full integration of 3i Infotech’s document management technology with the transaction processing functions of KASTLE Factoring. This not only allows for electronic storage of many un-structured documents such as Application forms, Facility Approvals / Rejections, External Credit Ratings and Credit Approvals, Signed Contracts, Specimen Signatures, Invoices and other supporting documents, it also provides OCR/ICR technology that enables digitisation of information directly from unstructured documents as they are scanned into the KASTLE Factoring database. All documents are stored in Managed Document Repositories which can then be retrieved easily anywhere and at any time required.
- KASTLE Factoring FCDMS provides an integrated approach to fight Financial Crime through Fraud Detection & Regulatory Compliance. 3i Infotech has successfully pioneered a proprietary adaptive profiling tool known as 'Beehive' that forms the cornerstone of FCDMS. The 'Beehive' captures various angles of the client profile by analyzing static, transaction, channel and pattern behaviors. FCDMS has now been further enhanced to continuously update and represent the latest image of the customer’s patterns. FCDMS identifies suspicious transactions through a combination of complex rules and adaptive profiles.
- KASTLE Factoring CRx provides an enterprise-wide credit risk management capability. It is a comprehensive financial analysis and risk rating tool that allows receivables finance institutions to accurately assess and monitor a borrower’s credit worthiness. KASTLE Factoring CRx has now been further enhanced to provide computation of credit risk weighted assets under the standardised approach for Basel II and an early warning system giving flexibility to users to define levels at which alerts will be generated.