A well structured treasury management system is a core component to the healthy functioning of any business.
Maintaining a robust cash/banking system and keep the flow of funds running in support of business activities like timely payments to business vendors, timely payment of salaries and expense claims for employees is critical and cost sensitive and causing the risk of things going wrong and affecting the liquidity of the business.
We at BDO understand the importance managing such system effectively to support your business activities. We have over 15 years of experience providing treasury functions for our esteemed clients who value our capability and service quality. Our clients would vouch for the fact that outsourcing these functions have significantly reduced their administration overheads enabling them to focus on the more core activities of their business with enhanced confidence in our services.
What we do for you in treasury outsourcing:
- Tailor made process to manage your payables function through trust accounts serving your business needs. This includes processing of payments to third parties, maintaining a track record of payments made and reconciliation of period end balances.
- Setting-up and management of trust bank accounts on your behalf with our renowned and trusted local banking partners.
- Managing your existing corporate accounts with any bank through predefined and agreed levels of access rights.
Setting up automated payment systems for processing bulk and timely employee salary payments which are also in line with the Wage Protection System and other local UAE legislations.