Datalog In-House Banking provides a central, cloud-based platform for organizations to set up and manage a wide array of intra-group financial operations, including demands, transfers, POBO (Payments On Behalf Of), COBO (Collections On Behalf Of), and loans. This centralized system is accessible by every business unit across an organization, offering a unified approach to internal finance. The platform connects seamlessly to a company's ERP and other IT systems, delivering a detailed, real-time snapshot of each entity’s payables and receivables, thereby providing a true cash position with minimal effort. As a web-based SaaS application, it can be easily configured from a head office and utilized by employees throughout the organization without requiring on-site installation or external technical support. This cloud-native approach ensures reliable information about internal cash positions is readily available across the group. Datalog In-House Banking also enables the brokering of transactions between entities, leveraging detailed overviews to reconcile internal balance sheets. It streamlines and minimizes transactions between entities and subsidiaries, significantly reducing bank transaction fees and interest paid to external lenders. The system simplifies reconciliation by automatically calculating currency conversion rates, allowing organizations to pinpoint cash locations within the group at all times and resolve in-house financial disputes efficiently.

Features & Benefits

• Centralized In-House Banking Operations
  • Enables organizations to set up and manage intra-group demands, transfers, POBO, COBO, loans, and other financial operations from a single cloud-based platform, establishing an in-house bank in just a few clicks.
  • Open and close accounts
  • Manage subsidiary financing requests
  • Set limits by subsidiary
  • Manage withholding tax
  • Fine-tune loans
  • Centrally manage hedging activities to limit risk exposure
  • Realize POBO (Payments On Behalf Of) and COBO (Collections On Behalf Of)
  • Manage current account positions
• Comprehensive Cash Position Visibility
  • Connects to all company ERP and IT systems to provide a detailed snapshot of each entity’s payables and receivables, offering reliable internal cash position information with minimal effort.
• Optimized Inter-Entity Transactions
  • Facilitates brokering transactions between entities, reconciling internal balance sheets, grouping, minimizing, and streamlining transactions to cut down on bank transaction fees and interest paid to outside lenders. Automatically calculates currency conversion rates.
• Cloud-Native Deployment & Accessibility
  • A web-based SaaS application that can be easily set up from the head office and used by employees across the organization, eliminating the need for on-site installation or external tech support.