DBS Enriched Consolidated Receivables | DBS HK Corporate Banking

DBS Enriched Consolidated Receivables

Seamless reconciliation solution

DBS Enriched Consolidated Receivables

Seamless reconciliation solution

At a glance

Consolidate payments across multiple collection channels in one DBS Enriched Consolidated Receivables account.

Single file

All incoming transactions are kept in a single enriched file

Save time

Your payment advice sorted for you

Stay informed

Access your files via IDEAL or IDEAL Connect

Features & benefits

Save time and resources

DBS Enriched Consolidated Receivables matches payer and payment information across fragmented sources, so you can redeploy resources to more value-added activities

Less human errors

No manual extraction of data from payment advices

Better working capital management

Faster turnaround in AR reconciliation and shorter days sales outstanding

How to apply

Arrange for our Relationship Manager to call you. Call us at 2290 8060

FAQs

	What is DBS Enriched Consolidated Receivables?
	DBS Enriched Consolidated Receivables is our regional receivables reconciliation solution. We will collect and organise all your incoming payments. You will receive a single consolidated file with the details of all incoming transactions.

	Do I need a DBS Business Account to use DBS Enriched Consolidated Receivables?
	Yes, you need to have a Business Account with us to use this service. To maximise the benefits of using this service, we recommend that you have the bulk of your collections credited into your DBS account.

	How does DBS Enriched Consolidated Receivables reconcile my payments?
	You can streamline and optimise your reconciliation effort by integrating the Enriched files into your workflow.