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| Cash Management |
Products & Services CorporateCash Management |
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 TEB
- under the guarantee of TEB 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 TEB
- 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.
Cash and Cheque Collection Service
Cash and Cheque Collection is a service for the collection of cash from the company locations via the armoured vehicles & security personnel on regular basis. After the amount of cash counted, will be credited to your account on the same day, and cheques will be sent to the branch youre working on. Thus, the risks and costs of courier disappears, you will provide time saving.
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 TEB 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. TEB can send this information
Internet Banking
Secure and reliable access to account information and transaction initiation via internet.
Automatic Account Statement Sending System.
You can demand sending of all account statements to your adresses via e-mail, fax, postal mail on regular basis e.g. daily, weekly, monthly. By this way you can check your account transactions without having to call the branch.
Automatic Abstract Reconciliation System:
We can send your account abstracts in MT940 format, on daily basis via e-mail or FTP to you. This system provides ;
- Reconciliation of all account system quickly,
- Monitoring of account transactions on electronic platform.
Global Products
Remote Payment Initiation (RPI):
TEB can process transactions which arrives within SWIFT MT 101 messages. RPI is possible with partner banks with which TEB has signed an agreement.
Multi Bank Reporting(MBR)
With MBR service you may monitor and download your account statements belonging to your abroad accounts, via TEB Corporate Internet Banking.
Liquidity Products
Domestic Target Balancing(DTB)
DTB brings the balances of all sub-accounts to a predetermined level by offsetting amount above and below a predetermined target via transfers from master account determined at defined periods. It is possible for mono entities in Turkey. It obtains effective liquidity management and prevents unnecessary transfers between accounts.
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