Cash Management

Barclays Bank offers a range of cash management solutions customised to meet our clients' specific account management, payments, collections and liquidity management requirements so as to help them manage their working capital requirements more effectively and efficiently.

Account management

Barclays Bank offers a range of different account types that suit your company’s individual requirements. We offer the following account types:

• Current accounts – Local and foreign currency
• Deposit Account - Local & Foreign Currencies
• Client Monies Accounts
• Interest bearing accounts

Payments

Barclays Bank's payment solutions ensure that our clients' payments are effected accurately and on time. Payments can be made by means of cash, cheque or electronically via our secure internet based online banking system. Our payment solutions will help you reduce your overall processing costs for domestic and global payments hence saving you time and money.  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. We offer a full range of payment capabilities including:

• Cross-border payments
• Domestic payments
• Cheques / drafts
• Standing orders
• Electronic funds transfers
• Urgent Local bank transfers (RTGS)
• Book transfers
• Payroll processing
• Bulk file payments processing
• Dividend payments

Collections

Barclays Bank's collection solutions ensure value is passed to your accounts as quickly and securely as possible, and that enough information is provided for you to identify the source of any funds entering your accounts. Our range of collection solutions include:

• Direct debit
• Cash collection through our branch network
• Cheque collection
• Merchant acquiring service

Liquidity Management

A corporate treasurer's main challenge often revolves around ensuring that the company's cash resources are utilised to their maximum advantage. You need Barclays Bank to help you maximise interest income on surplus balances and minimise interest expense on deficit balance accounts. Barclays Bank will help you define an overall liquidity management solution that best meets your needs.

Online Banking

Online Banking - Barclays Integrator

In our continued efforts of improving our service levels to our customers, Barclays is now able to bring you the latest in flexible core banking technology. Barclays Integrator will provide an integrated Corporate and Business Banking solution.

In our continued efforts of improving our service levels to our customers, Barclays is now able to bring you the latest in flexible core banking technology. Barclays Integrator will provide an integrated Corporate and Business Banking solution.
Benefits:

Access to Account Information: Your organisation will have access to account information in real time. Accounts across Barclays Africa can be viewed on the same platform.

Electronic Payment Capability: All payments by your organization may be made electronically offering straight through processing. This applies to:

• Inter Account transfers
• EFT payments (same day if the beneficiary account is at Barclays),
• Local EFT payments to other banks,
• SWIFT payments
• Cross Currency payments
• Direct Debit Payments
• Recurring Payments
• Urgent Payments (RTGS)

NB: Payments can be set to be current or future dated up to 3 months in advance. This payment module will mirror your existing bank mandates and will be availed to all signatories of the organization accounts.

Historical Information: Your organization will now be in a position to access its statements as far back as six months online and will have the capability to print or export account information in the various formats.

Flexibility: The system is internet based and can therefore be accessed anywhere at any time, provided the users have the security devices to be provided by Barclays Bank. This implies:

• Flexibility in terms of global access
• No software is required
• Automatic upgrades
• No site support visits required
• Dynamic & secure password generation

Other Features include:

• Ability to import bulk payment information for both local and international payments.
• Beneficiaries: Ability to pre-register and pre-authorise frequent beneficiaries including all bank details and payment limits. This allows you to select only the amount each time you make a payment.
• Ability to export or print account information for reconciliation purposes.

What does this mean for you:-

• Access to Realtime account information
• No more software installation or maintenance requirement
• All you need is your existing internet access. This could be through dial ups, lease lines or wireless connectivity
• You can bank anywhere and anytime you please.
• You receive automatic upgrades to the system
• State of the art security protocol.
• Seamless processing which translates to better customer service and improved response times to queries.

Hardware Requirements

• Any IBM compatible PC, Apple PowerMac or Apple iMac
• Pentium processor (486/66-MHz + recommended)
• Memory (32Mb RAM, 128 Mb recommended)
• Windows XP, 2000, ME, NT 4.0
• Microsoft Internet Explorer 6.0 and above
• Screen resolution (1024 * 768)

 

Contact Us

Shem Bosire     
Head, Cash Management & Trade Finance
E-mail:  bosire.shem@barclays.com

Commercial Banking Division                                          Tel:       +230 208 90 70
8th Floor, Harbour Front Building                                      Fax:      +230 210 53 58
President John Kennedy Street
Port Louis
Mauritius

 

Back to top