Cash Management

Barclays Bank PLC – Mauritius offers a range of cash management solutions customized to meet our valued customers' specific needs in terms of account management, payments, collections and liquidity management. This service is designed to help them handle their working capital requirements more effectively.

Account management

Barclays Bank PLC – Mauritius offers a range of different account types that suit a 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 PLC - Mauritius payment solutions ensure that our customers’ payments are effected timely and accurately. Payments can be made by means of cash, cheque or by electronic means via our secure internet online banking system. Making use of our payment solutions will help our customers cut down on processing costs on both domestic and global payments. Our comprehensive payment services are geared to enhance our customers’ accounts payable process. By eliminating the hassle of manual payments, this service will allow our customer and our employees to dedicate valued time to 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 PLC - Mauritius 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 utilized to yield optimum results. You need Barclays Bank PLC – Mauritius to help you maximize interest income on surplus balances and minimize interest expenses on deficit balance accounts. We 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 Bank PLC – Mauritius is now able to bring you the latest in flexible core banking technology. Barclays Integrator will provide you with an integrated Corporate and Business Banking solution. This includes:

Access to Account Information: Your organization can 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 can 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)

NNB: 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 can be availed by 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 PLC - Mauritius. This implies:

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

Other Features include:

• Ability to import bulk payment information for both local and international payments.
• Ability to pre-register and pre-authorize 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

 

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