Direct Debiting System (DDS)
It is a collection solution allowing the companies selling their products through a network of dealers/distributors to make their collections under a bank guarantee on due dates through a technologic infrastructure specifically designed for this purpose.
Advantages Offered to the Firm
- It is a guaranteed collection method, which provides the timely collection of your trade recievables on their due dates. The system eases your workload and provides easier access to collection data which allows more effective cash flow planning for your company.
Advantages Offered to the Dealer
- You can get rid of your operational load regarding payments.
- You will have access to a short-term finance facility.
Check/Promissory Note Collections
Information about checks delivered to Burgan Bank for collection will be transferred electronically to your firm, therebye allowing automatic reconciliation of your accounting records.