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| Cash Management |
Products & Services CorporateCash Management |
Receivables Solutions
Accelerate collection of your customers remittances, reduce clerical expense and improve cash flow.
Payables Solutions
Reduce your company's net costs in making payments to suppliers, vendors and employess.
Information Reporting
Acces preciese account information quickly and efficiently.
Receivables Solutions
Electronic Check Clearing System
Information of the firm checks arises from the sales transferring the between bank and firm. This process creates the accounting entries of your firm.
Advantages:
- The company will centralize collections and transactions, thus simplify the operations.
- The company could avoid the losts due to term of taking the checks to the bank.
- Saving time and money, reconciling commercial checking accounts.
Direct Debiting System
In Direct Debiting System, the payments to your company that were made by the vendors or customers will be realised
- by means of Fortis
- under the guarantee of Fortis system
- Cash flow analysing of firm is made.
- Billing system and debiting due dates are eximined.
- A credit deposit account will be opened and a credit line will be allocated to customer by the nearest branch of Fortis
- At the due date of invoices the direct debit program will put into operation.
- Result of the operation of DBS program will be sent it to Firm in a form compatible with Firm's accounting system.
Advantages:
- Cash Flow could be scheduled at the beginning.
- Workload relating to the payments will disappear.
- Risk Follow-up for sales gets easier and costs relating to the guarantees drops down.
Payables Solutions
Electronic Fund Transfer System
The Electronic Fund Transfer System will be set up between firm and bank, enables automatic transfers to accounts with in Fortis or other banks.
Continuous Check Programme
The bank loads the windows based software programme to the firm's computer and check information is entered and then checks are printed in a continuous form.
Advantages:
- Preparation period of the checks will be minimised.
- By the centralization of the collections the use of funds will be in a shorter time and without the loss of value date.
Information Reporting
The account statements can be sent via "e-mail" or by "fax" to Firm at any period of time automatically. Fortis can send this information
Internet Banking
Secure and reliable access to account information and transaction initiation via internet.
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