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First of its kind: Boosting efficiency and customer experience in the legal world
Transform judicial proceedings by automating collections and payment disbursements with iGTB Virtual Accounts
Business Challenges: Managing the Payments and Collections of Judicial Trials Seamlessly
A Judicial Court often handles hundreds of cases per month, and overseeing the distribution of payment amounts in any judicial rulings for each case represents a cumbersome and labor-intensive reconciliation task.
Feature Case Study: One of the highest judicial departments in the UAE
Traditional manual processes lead to delays, errors, and increased operational overheads, impacting the department's productivity and efficiency.
6.2K+ Number of cases & settlements processed monthly
95% Manual process with heavy reconciliation effort for disbursements and settlements
Balancing The Scales: Setting Law & Order for Automated Collections & Payments
The immediate need for judicial departments revolves around:
Enhancing operational efficiency
Trend #2
Artificial Intelligence in Corporate Banking
Optimising judicial transactions
Trend #4
Increase in Cloud Adoption
Reducing processing times
Minimising errors
iGTB's Virtual Account Solution: Addressing Judiciary Business Challenges
What’s in it for…
Business Benefits: Key to faster reconciliations & resolutions
The court pioneered automated transactions in judicial procedures cutting the turnaround for one transaction from 9 days to just a few mins!
- Automated and real-time payment disbursements
- Eliminating manual errors
- Effective tracking of each case
- Automated MIS on the Collections & Reconciliations
- Enhancing citizen’s trust in the judiciary
Bank Benefits: Increased revenue, retention and satisfaction
Whilst adhering to regulations and reducing cost and risk
- Increase market share in cash management services
- Help corporate clients with an alternative for in-house banking
- Create new non-traditional paradigms for fee income
- Acquisition of new customers across different industry segments
- Reduce operational expenses, while enabling clients for self-service account management
Perspectives
Transform judicial proceedings by streamlining and automating collections and payment disbursements with iGTB's Virtual Accounts and provide innovative world-class services. Get the case study now!