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Deutsche Bank Simplifies B2B Payments In India

Friday 5 December 2003 17:20 CET | News

Deutsche Bank is the first to offer a complete end-to-end payment and collection solution for corporates in India using db-eBills, Deutsche Banks innovative B2B electronic bill presentment and payment system. This Global Cash Management product, pioneering with dealer financing through partner banks offers a full solution for the collection value chain. With this financing facility, customers are guaranteed incoming cash flows while their dealers have alternative recourse during temporary shortfalls. Utilizing this partner bank arrangement, Deutsche Bank is able to extend the coverage of its suite of cash management products and services, including comprehensive payment and collection services throughout India. Both customers and their dealers benefit from additional flexibility and convenience. db-eBills leverages the Internet to deliver complete solutions for invoice and financial processing, as well as for reconciliation and reporting on these procedures between business partners. db-eBills is designed to facilitate corporates’ needs - as Biller from dispatching invoices to collection (order-to-cash), and/or as Payer from receiving invoices to payment (purchase-to-pay). All users can view and process invoices online and also take advantage of the dispute management feature to achieve faster resolution of discrepancies. By integrating this service with the clients ERP or legacy systems, db-eBills can streamline and deliver processing efficiencies to the clients financial supply chain activities, resulting in improved working capital management. Besides delivering added value through enhanced process flow efficiency and better credit control, db-eBills is integrated to the range of products offered through db-worldPAS, the Banks market-leading global payments solution. db-worldPAS is available in more than 35 countries, and designed to handle significant volumes from multi-national corporate clients with a need to access multiple accounts in numerous countries through a convenient and flexible interface option.

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Categories: Payments & Commerce | Payments General
Countries: World
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