1.3.3 Oracle Banking Digital Experience Corporate Servicing - License Subscription
Oracle Banking Digital Experience provides a whole set of services under its feature of ‘Corporate Servicing’, which enables the SME’s the Corporate Customers of the financial institutions to conduct various transactions and inquiries on the corporate products of the bank.
Listed below are such set of services offered under Corporate Servicing:
- Management of all types of Accounts and its Inquiries
- Customer Service Requests
- Fund Transfers – Internal, Domestic and International
- Bulk Payments
- Bill Payments
- Facility and Loan Origination – Includes requesting of new facility against an existing liability or a new sub facility against an existing liability and request for a new loan
- Servicing of Facility and its Collaterals and Loans
- Virtual Account Management – Enables corporates to reduce the number of real accounts needed and its associated costs, provides ease of reconciliation and gives better collection, visibility and deployment of money.
- Liquidity Management – Enables management of liquidity by optimizing interest of liability accounts and reduce Interest cost and provides greater visibility over cash positions
- Cash Management Service – ensures effective management of receivables and payables resulting in improved cash flow and enhanced liquidity. The aim is to enhance the profitability of customers through effective cash management.
3.5.1.1 Separately Licensed Prerequisite Products
The following prerequisite products require separate licenses:
- Oracle Banking Digital Experience Base
- Oracle Banking Credit Facility Process Management System(Mid Office) and Oracle Banking Enterprise Limits and Collateral Management(Back Office) or any other third party system for limits/facility management.
- Oracle Banking Corporate Lending Process Management(Mid Office) and Oracle Banking Corporate Lending(Back Office) or any other third party system for loan management.
- Oracle Banking Virtual Account Management or any other third party system for Virtual Account Management.
- Oracle Banking Liquidity Management or any other third party system for Liquidity Management.
- Oracle Banking Cash Management Service or any other third party system for Cash Management Services
- Web Center Imaging and Process Management for Document Management.
- Oracle Analytics Publisher for Reports
3.5.1.2 Components and Features Included
| Licensed Program | Features / Component Included with License |
|---|---|
| Oracle Banking Digital Experience Corporate Servicing - License Subscription |
Corporate (Corporate Inquires, Corporate Customer Services, Corporate Term Deposits, Corporate Transfer and Payments, Corporate Bill Payments, Corporate Bulk Payments), Corporate Facility Origination1 (Request a New Credit facility or Sub Facility under an existing liability, Amendment of Existing Facility, Credit Facility Application Tracker, Request for new Collateral Evaluation, Revaluation of an existing collateral) Corporate Facility Servicing2 (Overview of Facilities and Collaterals, View Summary and Details of Facilities, View Summary and Details of Collaterals) Corporate Loan Originations (Request for a New Term Loan, Working Capital loan, Equipment Loan, Real Estate Loan, and Loan Application Tracker, Corporate Loan Drawdown Request initiation and Application Tracker) Corporate Loan Servicing (Loans Accounts Overview, Loan Accounts Summary i.e. Details and Account Activity, Loan Repayment, Schedule Inquiry and Disbursement Inquiry) Virtual Account Management (Manage and View of Virtual Entity, Manage and View of Virtual Accounts, Maintenance and View of Virtual Account Structure, Maintenance and View of Remitter List, Bulk Upload for Creation of Virtual Account Structure and Virtual Accounts and Movement of money between Virtual Accounts, , Manage and View Virtual Multi-Currency Account, Payments & Transfers using Virtual accounts, Virtual Accounts Statements, Bulk File upload option for creating Remitter lists, Virtual accounts & structures.) Liquidity Management (Account Structure Summary, Account Structure Detail, Create Account Structure, Edit Account Structure, Sweep Log) Cash Management Service (On-board Associated party, View Associated Party, Invoice Management i.e create, edit, accept/reject, view and cancel Invoice, Bulk File Upload for Invoice and Cash flow forecast). |
3.5.1.3 Restricted Use Licensing
| Product or Component | Available Features |
|---|---|
| NA | NA |
3.5.1.4 General Licensing Information
Oracle Banking Digital Experience Corporate Servicing - License Subscription can be licensed with the Financial Services Subscriber metric.