July 02, 2012

Bank Forum offers a new service - Cash management

Bank Forum offers a new service to its corporate customers - Cash management. Cash management is a set of banking products and cash management services that provides efficient cash flow and accounts management for companies and their units, reduces circulation of documents and paperwork. Easy to use Cash management services of Bank Forum enable customers to increase their interest income, reduce operating costs, use company's funds and resources in optimum and, due to advanced technology, perform it quickly and easy.

For the effective funds management Bank Forum offers to its customers such services as "Direct debit transfer", "Regular fund transfer" and "Account balancing" which allow to work wisely with current account balances for easier and more profitable operations.

The "Direct debit transfer"service is designed both for suppliers and consumers. It provides direct debit transfer from clients' accounts by the payment request-order, without other documents. This service allows suppliers to get defrayments in time, plan their takings, reduce account payables and fasten remittance of funds on current accounts. With the help of this service consumers can computerize their work flows, avoid penalties for delayed payments and abate preparing of payment documents as well as individual control over transfers.

The "Regular fund transfer" service allows Bank Forum customer companies to organize and automatize their regular payments with pre-established counterparts. The range of this service use is rather large, from maintenance fees to payment to suppliers, paying off credit debt etc. This service allows clients to reduce their operating and labor costs, ensures the timeliness of important regular payments.

The "Account balancing"service allows companies with multiple accounts at Bank Forum to consolidate their funds in one account, under the scheme that most closely matches the business needs. This service enables clients to optimize their interest income and expenditure, reduce paperwork and labor costs, efficiently manage the remaining funds on accounts with a single rate, regardless of the number of sub-accounts.

Corporate clients can benefit from Bank Forum's full-service management of cash flow in a "Current" package or select any of the services, based on the current needs of their business.

"We believe that the future of corporate banking in Ukraine is in the individual approach to customer needs. Bank Forum's experts are well aware of our customers' business needs and interests. This knowledge enable us to develop such products that meet the best requirements of our corporate clients. We believe that in a Cash management complex of banking products and services from Bank Forum, each company will be able to find an interesting solution. We are certain that bank-customer relationship should exist not in an impartial financial institution atmosphere but in trusted partnership with a bank that understands and anticipates clients' expectations. This is the basis of our work", - said Vadym Berezovyk, Chairman of the Board of Bank Forum.

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