FYRE
Platform Accelerators
FYRE is an innovative, intuitive and lucid suite of solution accelerator components catering to the core and satellite functions of banks and NBFCs.
Seasoned professionals with strong functional and technical expertise gained from implementing solutions globally have curated FYRE architecting it on a contemporary and proven technology stack.
The FYRE suite delivers the highest efficiency, best user experience, enhanced security, and cost optimisation.
What You Get
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Vendor Finance
Dealer Finance
Pre-shipment (Purchase Order) Finance
Post-shipment (Invoice) Finance
Overdraft
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Supplier-led Finance (Normal Factoring)
Buyer-led Finance (Reverse Factoring)
Domestic / Export / Import
Bulk Factoring
Recourse / Non-recourse
Running Account / Invoice-to-Invoice (I-2-I) Funding Models
Pay-as-paid / Maturity
Collections Only
Credit Insurance-backed
Highlights
API first highly automated solution with optimal user engagement.
Zero-trust Security.
SCF/Factoring specific Collections.
Quick Implementation economising Total Cost of Ownership (TCO).
Proactive and Actionable Risk Management.
SaaS/On-premise.
Insightful Visualisation.
Centralised Management
The core accelerator components offer a centralized platform for managing all factoring and supply chain finance operations. This consolidation simplifies oversight, decision-making processes, and exposure management.
How Banks/NBFCs benefit
Automated Workflows
The application automates key processes such as credit assessments, invoice management, and collections, enhancing operational efficiency and allowing staff to focus on more strategic tasks.
Seamless Integrations
Smoothly integrate with existing systems such as CRM, ERP, and core banking platforms, enabling seamless data flow and reducing the risk of errors in financial transactions and reporting.
Regulatory Compliance
Integrated compliance modules ensure that all transactions adhere to relevant regulatory frameworks, both domestic and international, minimizing the risk of legal complications and penalties.
Real-Time Analytics
Benefit from real-time analytics and reporting tools that provide insights into client performance, risk exposure, and market trends, enabling proactive decision-making and better risk management.
How Clients and Trade Partners Benefit
User-Friendly Interface
Easily manage relationships through an intuitive and adaptive cross-device UI framework.
Integration with Business Systems
Integrate with popular accounting and ERP systems, streamlining invoice submissions and financial reporting, and reducing manual data entry and the risk of errors.
Regular Updates
Receive regular updates on the status of transactions, including payment schedules and collections, allowing more effective cash flow management and making informed financial decisions.
Enhanced Security
The application includes advanced security features such as multi-factor authentication and data encryption, ensuring that all transactions and sensitive financial information are protected from unauthorized access.
Simplified Transactions
Trade partners can easily manage their financing needs through a dedicated portal or mobile application, simplifying the submission of purchase orders, invoices, and financing requests and payments.
Instant Notifications
Receive instant notifications regarding payment status, approval of financing, and other critical updates, enabling clients and trade partners to stay informed and manage their finances and operations effectively.
24/7 Accessibility
Get round-the-clock access to financing services, monitor accounts, submit invoices, track payments anytime, get MIS, reports and intuitive Analytics, anywhere, enhancing convenience and operational flexibility.
Transparency and Trust
The application fosters transparency by providing detailed records of all transactions, financing terms, and payment schedules, building trust between trade partners and financial institutions.
