Finora is a Software for management of Trade Finance and Investment
Instruments. Finora Application is an integrated form of
managing company's financial instruments
such as Bank Guarantee's, Fixed Deposits, Letter
of Credit, Term Loan & Insurance Policies with
Automatic Alerts of expiries & multiple specific
reports.
Finora Application is an integrated form of
managing company's financial instruments
such as Bank Guarantee's, Fixed Deposits, Letter
of Credit, Term Loan & Insurance Policies with
Automatic Alerts of expiries & multiple specific
reports.
Finora Manages
1) Non-Fund Based Limit Management
2) Automated Notification
3) In-built E-mail to third party with log
4) Privileged based access
Benefits of Finora
1) Centralized Financial Information
2) Efficient Management of Information
3) 100% secure and real time tracking
2. • BANK GUARAN T EE
• LETTER OF CREDI T
• FIXED DEPOSIT
• INSURAN CE
• MUTUAL FUND
• TERM LOAN
• Non- Fund based Limit Management
• Automated Notification
• In-built E-mail to third party with Log
• Privileged based Access
Finora Application is an integrated form of
managing company's financial
instruments such as Bank Guarantee's,
Fixed Deposits, Letter of Credit, Term Loan
& Insurance Policies with Automatic Alerts
of expiries & multiple specific reports.
Intensive research on different
organizations like Cement, Construction,
Manufacturing, Infrastructure, Public
Sector companies as well as Government
firms resulted in innovation of Finora
which is a workflow based tracking
application for Bank Guarantee, Letter of
Credit, Fixed Deposit, Insurance, Term
Loan and Mutual Funds.
ABOUT FINORA
3. • Can manage both BG Issuance and BG
Receipts
• Manages BG's issued towards
Performance, Advance, Mobilization,
• Tracks History of extension / amendment
of BG's
• Records Margin Money, Commission and
Linked FD
• Scan & Upload BG copy and other related
documents
• Beforehand statement on BG expiries and
renewals
• MIS Report - Project wise, Client/Vendor
wise, Bank wise etc.
• Dynamic Dashboard which highlights Bank
wise limit Utilisation and limit availability
BANK GUARANTEE
A guarantee that the lending company will make sure a debtor will be able to pay their obligations. In other words, the
bank will pay the debt if the debtor doesn’t fulfill the obligation.
4. • Can manage both LC Issuance and LC
Receipts
• Tracks Bank wise, project wise and party
wise LC's
• Records payment against Shipment and
Closure
• Records Margin Money, Commission and
Linked FD
• Scan & Upload LC copy and other related
documents
• Advance reminder on payment due date
against LC
• MIS Report - Project wise, Vendor wise,
Bank wise etc.
LETTER OF CREDIT
When a supplier ships goods and provides the necessary documentation to the buyer’s bank as proof, the buyer’s bank agrees in a letter of
credit to pay the supplier. Letters of Credit are a trade finance tool used to safeguard both suppliers and buyers.
5. • Tracks Bank wise Fixed Deposit and its
maturity
• Tracks all lean FD's and renewal FD's
• Logic built to Calculate Interest and TDS
on Fixed Deposit on different types of
Interest Types
• Scan & Upload FD copy and other related
documents
• Report on Interest accrued but not due
• Simplified MIS Report including IRR
Report and FD Movement Report
FIXED DEPOSIT
A fixed deposit (FD) is a financial product offered by banks or non-bank financial institutions that, up until the specified
maturity date, offers investors a higher rate of interest than a typical savings account.
6. • Can manage and track all types of
Insurance
• Records and tracks claims raised against
Insurance Policy
• Scan & Upload FD copy and other related
documents
• Simplified MIS Report including Claim
Report
INSURANCE
A party agrees to compensate another party in exchange for a fee in the event of a specific loss, damage, or injury as a means of
financial loss protection. It is a method of risk management that is primarily employed to protect against the risk of a potential
loss.
7. • Records all types of Mutual Funds with
details like Purchased Units and NAV
• Investment exposure to be managed as
per company's investment policy
• Records and tracks charges and fees
Mutual fund wise
• Manages Redemption through FIFO and
records capital gain/loss
• Application is integrated with AMFI to
track fund movement
• Monthly IRR generated for monitoring and
decision making
MUTUAL FUND
A party agrees to compensate another party in exchange for a fee in the event of a specific loss, damage, or injury as a means of
financial loss protection. It is a method of risk management that is primarily employed to protect against the risk of a potential
loss.
8. • Tracks Financing & Loan agreement
details
• Records RC, Insurance & NOC details of
Asset.
• Manage EMI Scheduling and tracking
• Report on Pending Principal and EMI's
TERM LOAN
A term loan provides borrowers with a lump sum of cash upfront in exchange for specific borrowing terms. Borrowers agree
to pay their lenders a fixed amount over a certain repayment schedule with either a fixed or floating interest.