BANKING AND FINANCIAL SERVICES
Embracing Digital Transformation And Digital Culture
Banks that are nimble and adaptive can capitalize on the significant opportunities that the digital transformation has to offer – a growing global market, new digital products and services, access to greater amounts of data and the ability to mine actionable insights from them.
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Eighth Dimension provides banks and financial enterprises a wide portfolio of products and services that help in staying competitive, by embracing digital transformation and digital culture. Our product offerings are in -
BANKING PROCESS MANAGEMENT
Eighth Dimension is a one stop shop for managing and streamlining back-office operations in the banking domain that includes corporate banking, direct banking, global trade services, retail assets & liabilities. Some solutions are :-
New Business Onboarding
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Automate and digitize account origination process, thus minimizing risk of manual errors and time for account opening to provide enhanced customer experience. Eighth Dimension automates all kinds of account opening processes including:
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Savings accounts
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Current accounts
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WebTrade accounts
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Demat accounts
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NRI accounts
Account Maintenance
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Improve turnaround times for more efficient handling of service requests, KYC process management and compliance. Powered by a proprietary suite of next-generation technology solutions for document capture, archival, retrieval and output management, Eighth Dimension manages the entire gamut of KYC processing for large banks and financial institutions.
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Service Requests
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Re KYC
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C KYC
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Compliance
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Email Support
Loans & Mortgage
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Boost efficiency of your lending process while reducing transaction cost. Make faster and informed decisions, while improving customer engagement and generating revenue. Eighth Dimension loan management solutions provide integrated process management, workflow analytics and mobility solutions.
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Personal Loans
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Home Loans
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Vehicle Loans
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Gold Loans
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Term Loans
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Agricultural Loans
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Credit Card
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Line of Credit
FINANCE & ACCOUNTING SOLUTIONS
Eighth Dimension's finance and accounting solutions streamline and automate the CFO's back-office operations, allowing CFOs to respond with greater agility to changes in the business environment.
Procure To Pay (P2P)
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Eighth Dimension deploys a suite of proprietary frameworks and platforms to automate procure to pay processes. From intelligent OCR to capturing and processing invoices, rules-based contract validation and management, to analytics-driven supplier performance management our technologies will help transform the supplier value chain.
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Vendor Relationship Management
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Contract Management
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Purchase Order Management
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Invoice Processing
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Travel & Expense Management
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Invoice & Receipt Reconciliation
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Reporting and Control
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Procurement Help desk Support
Order To Cash (O2C)
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Automate the entire order to cash cycle, right from capturing and fulfilling customer orders, to generating and recording receipts and collections in the general ledger, and delivering revenue analytics and reports.
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Order Management & Fulfillment
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Customer Master Maintenance
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Receivables Management
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Cash Application
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Financial Planning & Analysis (FP&A)
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Bank Reconciliation
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Customer Help Desk
TRADE FINANCE
Eighth Dimension's Trade Finance Solution is a business accelerator, which can be hosted on-cloud as well as on-premises. It automates the entire trade lifecycle and seamlessly integrates with the client’s core trade finance and banking systems. The solution is powered by IBM Business Automation Workflow and provides a fully automated, paperless, and electronically driven workflow environment.
It caters to all kinds of transactions in the Trade Finance domain, namely - Letter of credit (Import & Export), Guarantees (Inward & Outward), Loans, Collections (Import & Export), Shipping guarantee & Reimbursement.
Smart UI
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Smart inbox with auto indicators
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Promotes VIP tasks
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Notifies SLA breach
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Detects inactivity
Banking System Integration
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Core trade finance solution
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Core banking solution
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Swift
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Firco
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Safewatch
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Bank’s black list
Automated Decisions
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Auto Compliance
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Auto Field Validations
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Auto Document Classification
Workflows In All Major Trade Products
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Letter of Credit
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Collections
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Shipping Guarantee
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Guarantees
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Loans
Multiple Transaction Initiation Modes
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Form based
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Email
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Mobile
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External Triggers
Covers All Roles At Branch & Back Office
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Branch office (Maker/ Checker)
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Scan operator
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Approvers (Maker/ Checker)
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Document Examiner (Maker/ Checker)
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Record Keeper (Archive physical documents)
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Dispatcher
Financial Planning & Analysis (FP&A)
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Eighth Dimension’s team of experts uses a combination of advanced algorithms, proprietary data analytics tools, and superior reporting technologies to quickly and accurately process information from a number of sources, including annual reports, media reports and stock market filings. Our reporting solutions help global risk analysts in rating companies and financial instruments. The solutions are also useful to banking and financial institutions in quick analysis of large amounts of data.
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Segment Reporting
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Cost Benefit Analysis
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MIS & BI Reporting
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Planning, Budgeting & Forecasting
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Financial Statements Preparation & Analysis
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Financial Reporting
Record To Report (R2R)
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Get accurate and insightful reports in real-time that help to leverage strategic and operational insights and mitigate risks better. The solutions reduce transaction times considerably, especially when processing routine transactions such as posting journal entries and documenting month-end activities. The executive dashboards provide users with a comprehensive view of cost structures and processes across the organization.
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General Ledger Accounting & Reconciliation
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Inter-company Accounting
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Fixed Assets Accounting
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Audit Support
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Tax Accounting