• Banking organizations are required by the RBI to lend to priority sectors.
  • And in order to fulfill direct/indirect PSL requirements, banks lend to the ultimate beneficiary through a network of M&C agents, to leverage the advantages of multi-level selling.
  • Each of the ultimate beneficiaries cannot be booked as individual entities in the bank’s CORE banking system due to high volumes – and as a result, most of it gets lost in a maze of Excel worksheets, isolated documents and hard to manage data.
  • There’s a critical need for a comprehensive software solution that the bank can use to effectively administer its entire PSL portfolio.
Enter Winsoft SmartPSL
  • Capture all the PSL information related to M&C agents and ultimate beneficiaries in one system
  • Migrate your existing/old PSL data with ease
  • Apply & track repayments
  • One touch generation of compliance returns for regulator (RBI)
  • Reports & account statements
Benefits of Winsoft SmartPSL
  • High level of control over the entire PSL business of the bank
  • Ensure 100% regulatory compliance
  • Single source of information for timely & convenient regulatory reporting
  • Designed for high volumes (can handle thousands of ultimate beneficiaries per M&C deal)
  • Quick implementation support from Winsoft team.
  • Very cost effective, built on top of open source software – low Total Cost of Ownership
Features of Winsoft SmartPSL
  • Browser based user access modules for distributed access to the system (from branches)
  • Master data maintenance – either data entry or data upload utilities to upload from your old system
  • Easy to keep linkages in data with your Core banking system records
  • Technology – open source – no additional cost of Operating system/database licenses, JAVA based, database independent (can use MySQL, PostgreSQL or Microsoft SQL Server/Oracle)
Access Control
  • Configurable
  • Role creation (maker / checker / view / super) – to enforce access hierarchy
  • User creation & role mapping
  • System access restricted to enabled users only
Information capture workflow
  • Maker & Checker concept
  • User Interface for complete capture of beneficiary information, deals (loans), repayment
  • Single Repayment amounts can be apportioned automatically using defined logic across beneficiaries
  • Alternatively, data upload facility (in case it is captured separately)
  • Checker based approval/authorization workflow for data entered/uploaded by maker
Extensive reports
  • Beneficiary account statements
  • Repayment report for recon with your core banking data
  • Account balance
  • Rural / urban splits
  • City level data reports
  • Deal Slip
  • PSL type splits
  • Farmer type splits
  • All operations audit trail reports
  • Exception reports
About Winsoft
  • Winsoft is an organization specializing in cutting-edge solutions for the financial organizations
  • A seasoned player with 20+ successful implemented client base
  • A one-stop-shop for the Financial Industry, Winsoft offers a combination of "domain knowledge", "latest technology" and "global best practices"
  • Winsoft Offerings include:
    • SmartMutual – A Mutual Fund Back office and Distribution solution
    • SmarTransact – A GPRS based mobile banking solution
    • SmartSigner – A Digital File Signing and Encryption Utility
    • Multi-Location Cheque Printing Solution
    • DeMATrix – A Depository Participants (DP) Back office solution
    • Bespoke Project Development
Contact
Pune Office : Sadguru krupa Building, 557, A/11B, Salisbury Park, Pune - 411037 INDIA.
Tel : (020) -24275708 / 24275709 / 24264350
Mumbai Office : 521, The Corporate Office Building, Above Shoppers Stop, Nirmal Lifestyles, L.B.S Marg, Mulund ( West ), Mumbai - 400 080 INDIA.
Tel : (022) - 25909919 / 25914669 / 25919252
www.winsoftech.com