As a result, IDBI’s corporate clients are set to gain access to cash flow planning and working capital optimization applications. Additionally, Global CASHplus is set to assist IDBI Bank in centralizing its payments and collections processing for corporate customers, including salary payments and invoice payments.
The new system is expected to enhance many of the bank’s collections services, including guaranteed arrangements, cheque collections, post-dated cheque collections and correspondent bank management. Corporate clients will use a web-enabled interface that integrates all services into a single window.
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