Bank of Baroda launches cash management services for corporates


Mumbai, Feb 8 (UNI) Public lender Bank of Baroda (BoB) on Thursday launched ‘Baroda DigiNext’ — a product for digitising cash management of corporates and government customers.

BoB has launched this cash management solution with an aim to provide the combined benefits of the Government of India’s vision of a ‘Digital India’ coupled with National Payments Corporation of India’s (NPCI) retail payment systems to the customers of both
corporates and government.

The Baroda DigiNext will ensure them about provision of a seamless connectivity with their customers, suppliers, employees and revenue departments, thereby automating the management of working capital cycle.

The system will provide rich analytics, dashboards and reports enabling focus on metrics that matter, for example, cash forecasting, daily sales outstanding, credit exposures and so on.