Invoice Management Solution (IMS)- Present, Collect, Reconcile
Introducing IMS (Invoice Management Solution), an API-enabled platform that empowers you to manage collection of invoices seamlessly, accelerate fund flow and eliminate reconciliation hassles, all on a single platform.
ICICI Bank customers can fully automate the collection process by opting for IMS. This comprehensive system comes with a front end-platform, integration with the customer’s ERP and a reconciliation engine.
Features and Benefits
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ERP connectivity
- Compatibility with multiple ERPs
- End-to-end APIs connectivity
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Invoice Payment Interface
Flexible Payment Options:
- Invoice-specific payment - Exact/ Partial/ Excess payment
- Advance payment
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Real-time Reconciliation
Real-time posting of invoice to payment reconciliation in your system via API
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Robust Security Enablement
- Authorised dealer access
- Encrypted data transfer
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Multiple Modes of Payment
- Challan Payment (NEFT/RTGS)
- Payment Gateway (Debit Card, Credit Card, Net Banking, etc.)
- UPI Payment
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Dashboard for Transaction Status
Track payments and updates instantly with a real-time dashboard
IMS Set-up Process
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Contact your Relationship Manager or visit any ICICI Bank Branch
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Complete the onboarding documentation
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API integration with ERP
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End-to-end flow testing
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Go live!
Terms and Conditions
Click here for the Terms and Conditions.
FAQs
What is IMS?
Invoice Management Solution (IMS) is an API-enabled platform that enables businesses to present invoices, collect payments and reconcile payments at the invoice level through a secure digital interface.
Are API interactions secure?
Yes. All API communications are encrypted using industry-standard security protocols to ensure secure data transmission and protection.
Where is user data stored in the IMS process?
User data remains within the corporate ERP system and is not stored by the Bank, ensuring compliance with applicable data privacy standards.
What information is available on the dashboard?
The dashboard provides real-time visibility into transaction status, invoice payment, receivables, and reconciliation insights.
Can I get the transaction report?
Yes, the transaction report is available in downloadable format. Users can download a one-day MIS using the date filter.
Click here to get a callback for assistance.