Cash management is a broader term that refers to the proceeds of collections & payments of large scale corporate, Retail & SME customer’s. The goal is to manage the funds of an enterprise in a way as to maximize the availability of funds for their running business.
UBL Ameen will provide the following Cash Management Services to their Islamic Banking customers:
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Cash Collection Services
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Payment/Disbursement Services
These services will be based on Services Ijarah making them completely Shariah Compliant.
Key Benefits of Collection Services
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24/7 online access to account information.
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Single account maintenance and no need to establish or reconcile collection accounts in various designated branches.
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Customized deposit slip (CDS) is used for collection of funds
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Quick and enhanced reconciliation process.
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Provision of comprehensive and customized MIS through UBLOnline.
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End to End automation
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Customer can view any deposits made during the day on a real-time basis.
Key Benefits of Payment Services
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Reduce paperwork
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Reduce the turnaround time.
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Saves costs.
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Receiver/Creditor/employee receives instant credit
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Quick and enhanced reconciliation process.
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Provision of comprehensive and customized MIS.