Overview

We offer a full scope of innovative and tailored transaction solutions in payments and cash managements services.

Features & Benefits

  • Payments Management

    BIBD offers products and solutions to help you effectively manage your payments. With BIBD's Payables solutions, you can initiate payments securely and efficiently thanks to our straight through processing capabilities. Our comprehensive payment services will be tailored to enhance your accounts payable process. This will eliminate many manual tasks involved in making payments, allowing you and your staff to spend more time focusing on your core business needs.

  • Receivables Management

    Our receivable solutions ensure receivables are collected in an efficient and timely manner to optimise utilisation of funds. For Public Sector entities, we offer courier services for collection of cash from designated offices and branches locally.

  • Subsidiary Management

    BIBD's subsidiary management services allow you to effectively manage and perform fund transfers from parent to subsidiary companies. This can be done via our Corporate Internet Banking platform.

  • Payroll

    BIBD's provides flexible payroll services that improve payroll management for employers of small, medium, or large businesses. Payroll services are aim to streamline your payroll process, improve productivity and simplify administration. We manage the time-consuming tasks of payroll processing so you can focus on running your business.

  • Reconciliation Services

    Account reconciliation is an integral part of a company's internal financial controls. Accurate account reconciliation reports are an indication of effective tracking and interim controls. Accounting reconciliation is a vital tool for company auditors to determine the veracity of a company's financial statements and its internal reporting. Account reconciliation thus entails a detailed check of an organization's financial records, bank statements, client and vendor bills and all supporting documents to detect discrepancies, address them and reconcile the final balance. It accounts for checks outstanding, deposits in transit and reveals errors in the records.

    With BIBD's reconciliation services, we will reconcile your receivables file provided by you via a secure network against the bank’s statements, and provide you with an exception report for further investigation.

Details

  • Payments
    • Bulk Credit
    • Funds Transfers
      • One partner for all local and international payment needs
      • A broad network of international correspondent banks
  • Receivables
    • Direct Debit
    • Collection Services
  • Subsidiary Management
    • Funds Transfer from parent company to subsidiary(ies)
  • Payroll
    • Online data file upload
    • Online data input
  • Reconciliation Services
    • Resources for manual reconciliation can be redeployed to be more focus on exception management to reduce account receivables aging
    • Increase financial controls with accurate and timely information
    • Improve fraud protection