Cash Management - Summit Bank

Cash Management

Cash Management (CM) is conceptually the family of products, services and associated “solution structures” designed to help positively impact the cash flows of, and maximize returns to, a corporate entity.

Factors that principally affect a corporate entity’s cash flows, and investable returns, are the collections and payments that it does for various purposes, including liquidity management and enhancement tools that it employs.

Cash Management is a rising star of the financial services industry, even if re-organizing several disparate transaction-based activities into a single commercial business unit is a daunting prospect.

In an extraordinarily difficult time, this is potentially a good news story for the markets and the investor community alike. SMBL’s Cash Management Division is fully equipped and offers Payment and Collection services:

Payment Services

  • Salary Disbursement
  • Corporate Payments
  • Vendor Payments
  • Bulk Pay Orders
  • Rupee Drawing Arrangement (RDA)
  • Dividend Warrants Payment & Processing
  • Cash Disbursement

Collection Services

  • Utility Bills Collection
  • Bulk Collections/School Fee/Hospital Fee etc.
  • Local Cheque Collection
  • Outstation Cheque Collection
  • Corporate Collection
  • Cash Collection/Cash Pickup
  • Invoice Collection
  • Postdated Cheques Collection
  • Customized Challans / Deposit Slips
  • Banker to the Issue
  • e-IPO Services (Hyperlink to the Page)

Pricing Structure:

  • Volume Based Pricing
  • Transaction Based Pricing
  • Location Based Pricing
  • Product Based Pricing
  • Pre-Funded and Post-Funded Pricing Models

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Last Updated 2023-05-26

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