Veracious Mandate Management System ​​

Digitally orchestrate mandate lifecycles—from creation to cancellation—with inter-bank connectivity.
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Comprehensive Mandate platform covering Management and Collections

The Mandate Management System is a robust solution designed to manage the complete lifecycle of mandates, including creation, amendments, cancellations, acknowledgments, and automated CHI file exchanges. It ensures compliance with regulatory specifications supports integration with core banking, and enables automated, rule-based validations for seamless mandate processing. 

Mandate Form Processing

Scans, validates, and transitions mandate forms through their lifecycle using configurable rules.

Transaction Handling

Supports both onus transactions (within the same bank) and integration with core banking for posting.

Audit & Tracking

Includes detailed transaction journey lookup, audit trail, and archival functionality.

Error Handling & Suspension Management

Provides tools to repair, reject, and handle suspended transactions, with callbacks for both inward and outward flows.

Geographical Compliance

GSS Payment Hub and MMS modules can be configured for any country regulatory specification.

GSS has Central Bank specification compliance in the following countries

Veracious MMS serving banks since 2013.

India

UAE

Kenya

Uganda

Tanzania

Rwanda

Bangladesh

Features

Automated Mandate Lifecycle Management

Drive efficiency with rule-based automation for mandate scanning, validation, and state transitions, ensuring accurate and consistent processing from initiation to completion.

Real-Time Core Banking Integration

Nable instant customer lookups and direct posting to core systems, ensuring synchronized data and reducing turnaround time for mandate processing. 

Intelligent UI & Compliance Validation

Ensure data quality with per-country CHI field validations, using a dynamic UI engine tailored to regulatory and operational mandates. 

User Dashboards, Repair & Visibility Tools

Equip users with intuitive dashboards, transaction comments, repair options, and suspended transaction handling—providing full control and transparency. 

Veracious Corporate Capture

Corporate Portals – Remote Mandate Management

Remote Deposit Capture is a unique product that enables the bank to scan and present mandates for clearing with ease from various remote locations. The bank is extending its range of services enabling its branches, corporate customers and SACCO’s (In case of East Africa) to process mandates from their location and send the electronic file to the bank enabling a quicker realization of the mandate.

Benefits to Bank

New Customer Acquisition

An remote capture product can attract new clients who otherwise would not have banked with your institution.

Larger Wallet Share with existing clients

An remote capture service can enable your clients to consolidate their deposits with your bank, regardless of geographic coverage.

Access to Greater Float

Larger volumes of Mandates often results in larger balances left in the account.

Reduced Processing & Clearing Costs

Banks which offer a Remote Deposit Capture service can now accept deposits from customers outside their physical footprint.

Benefits to Corporate

Accelerated Clearings

Present mandates as they are presented the corporate for immediate clearing presentment.

Improved Cash Flow

Accelerated clearings and improved availability result in improved cash flow and working capital for your corporation.

Reduced Return Item Risk

The faster an item clears, the faster you'll learn about return items.

Reduced Transportation Costs / Convenience

Substantial savings can be had from reductions in transportation expenses.

Instant Payment Platform

Cheque Truncation System

Mandate Management System 

Standing Order Management

Real Time Gross Settlement 

Electronic Fund Transfer Debit 

Electronic Fund Transfer Credit

Cross Border Payment Platform

MT-MX Converter 

Salary Engine

Document Management System