Aura BFM (Bank Facility Management serves as decision making tool for higher
management for their groups’ financial activities. This also takes care of the complete
treasury activities of a group company.
After processing the data the system generates report like the current facilities available
for companies in different banks, utilization of facilities by companies from several banks,
consolidated statements of financial commitments in a particular period for a particular
division or company towards a bank or beneficiary, group wise or company wise
collection forecast, etc.
It also includes the processing of bank facilities like, LC, LG, TR, Short term loan, Long
term loan, Check Discounting, etc. after calculating the cost involved in each activity. The
user will be to make apt decision which facility he/she may have to plan for his/her future
commitments taking care of its cost and availability. This intelligent system, after a
thorough technical analysis, even suggests the user, after optimization of the companies’
existing financial resources and facilities, what decision he/she has to take to meet the
future financial commitments.
Software will have interfaces to capture data with minimum effort which can also be
integrated with the existing financial system for capturing the required data. The system
also has a number reports based on both current and history data to help management
in planning/arranging funds and in decision making. The system will have a centralised
database and multiple users in a network to work simultaneously, by entering or
retrieving data, and maintain higher security for its users.