DeNovius (cdm) has been developed for the insurance industry’s need for accurate and timely processing, management and reporting across the entire spectrum of the collections and disbursements requirements.

The solution simplifies and optimizes every step in the payment procedures through a single integrated management solution.

Business benefits:

  • Improved productivity and speed of processing
  • Reduced administrative overheads and increased employee satisfaction
  • Accurate payment matching and reduced errors in payment matching
  • Payments are processed in a consistent and timely manner
  • Reliable validations, checks, security mechanisms and audits
  • Improved governance while reducing risk and increasing regulatory compliance

DeNovius (cdm) functional capabilities include:

  • The systems imports and registers payments from numerous bank accounts and respective account statements
  • Payments can be processed either automatically or manually, and matched against policies (or other entities)
  • The system matches payments with policies or entities in line with user defined business rules which govern the identification, separation and assignment of payments
  • All processed payments are moved to the appropriate Receivables & Payables System

DeNovius (cdm) can manage collections from any external system as well as disbursement from any internal system. The system can process internal payment transactions between bank accounts (local movements) without actual bank transfers, which may translate into reduced bank charges.

To maintain transparency, all payment transactions create accounting records in the sub-accounting module of DeNovius (cdm).

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DeNovius(cdm)

 
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1800 111 110

Head Office:

Gratex International, a.s.
GBC IV, Galvaniho 17/C
82104 Bratislava
Slovak Republic

Australia and Asia Pacific Office:

Lakes Business Park
Level 1, 2A Lord Street
Botany, NSW 2019
Australia

Tel: (02) 8335 1100
Fax: (02) 8335 1190

http://www.gratexinsurance.com/products/upm2-agency-suite