Puravankara takes a Quantum Leap in Digitizing Treasury with IBSFINtech TMS

Puravankara Limited, an Indian publicly held real estate development company, with a legacy spanning nearly five decades, Puravankara Group has played a pioneering role in transforming urban living through thoughtfully designed developments that cater to both the premium and affordable housing segments.

Challenges

• Lack of Real-Time Cash Visibility: Disparate bank accounts hindered real-time, consolidated view of cash position, leading to suboptimal liquidity management.

• Operational Inefficiencies in Cash Management: Manual handling of numerous bank accounts created complexity and reliance on costly short-term funding.

• Inconsistent Cash Flow Categorization: Manual cash flow tagging led to forecasting inaccuracies and liquidity mismatches.

Benefits

• Manual tracking of post-dated cheques led to missed clearances, delayed collections, and strained vendor trust — impacting cash flow and working capital

• Manual Effort Eliminated: Automation replaced the work of nearly four individuals who manually downloaded bank statements.

• Centralized Cash Positioning: A consolidated group-level cash view is now accessible at the click of a button.

• Enhanced Cash Visibility: Automation significantly improved visibility into available funds across over 10+ banks.

• Improved Fund Utilization: Real-time access to consolidated cash positions enables more efficient use of available liquidity.

• Seamless Bank Integration: API integrations provide instant, direct access to cash positions across national and global banks.

• Flexible Bank Statement Processing: Supports multiple formats (MT-940, MT-942, Excel, CSV) for effortless and compatible bank statement processing.

• Interactive Dashboards for Management: Consolidated dashboards empower leadership with timely, data-driven insights.

• Unified Source of Truth: Ensures consistency and reliability of financial data across the entire organization.

Client Feedback:

Neeraj Gautam President & Deputy CFO, Puravankara Limited

"“Earlier, downloading bank statements, summarizing them on a real-time basis, getting real-time insights about our fund position was a manual struggle causing delay in decision-making. That’s when we discovered IBSFINtech.​ ​Now, we have a unified view of our fund position and all bank account balances. With this data readily available at our fingertips, we can take same-day action—whether it’s a payment or an investment. That single day’s gain created a ripple effect across our entire value chain.​ ​IBSFINtech team was very persuasive and the solution greatly helped us, significantly reducing the repetitive and routine tasks our team used to handle.” ​"