Bank Guarantee (Physical)
Role-based workflow for upload, approval, expiry tracking and management of physical bank guarantees.
- Create
- Check
- Manager review
- Encash or Release or Extend
Domain D
Banking Instruments
Bank guarantee lifecycle, physical and electronic.
A bank guarantee is a promise with an expiry date, and an organisation holding hundreds of them from vendors and contractors cannot afford to miss one. These two platforms keep the register. The first handles paper guarantees: entered by one person, checked by another, and extended, released or encashed in time because the expiry is tracked. The second handles electronic guarantees issued through NeSL, which appear on the portal the moment the bank issues them and stay in step through every amendment, renewal and closure.
Products in this domain
Electronic Bank Guarantee (eBG)
Unified eBG platform with real-time NeSL integration across Maker, Checker, Finance and Nodal roles.
- NeSL notification
- Display & alert
- Detailed view
- Action
- Status & logging
Talk to Sketch about Banking Instruments
Describe the process and who runs it. We will say which platform is closest and where the gaps are.