This allows authorized users monitor all their bank accounts from a single view, the balances of accounts will be made available to authorized users. This will aid account management, save time and cost spent on verifying balances.
Authorized users will be able to carry out transfers from selected accounts within the platform to their vendors. The application comes with payment approval work-flow.
Enables funds transfer within the listed accounts, authorized users will be able to transfer funds from one of the listed accounts to another, for accounts that are setup on the platform. The application comes with payment approval work-flow.
Several selected summaries will be displayed on the dashboard to give a quick overview of the recent activities of all the accounts. These may include reports such as accounts with the largest balance change (positive or negative) over a period of time, the accounts with the largest and smallest balances, the accounts with the least activities and so on.
Reports can also be generated and exported for further review or to be added to external reports. Tailored reports can further be altered with filters made available.
What is BAMS?
The Bank Account Monitoring System is a web based system developed for day to day management of all bank accounts of a state and corporate organizations.
State Governments and corporate organizations operate various bank accounts in several Banks for its everyday financial activities. The need therefore arises for a monitoring tool that will ensure that designated and authorized government officials of the state and corporate organizations are able to have a view of the account balances of these accounts, perform various analysis with this information, move funds from one state government account to another, as well as make payments to vendors/contractors, etc