Riyad collect
Riyad collect
Riyad Collect is a corporate customers solution to collect the Fee / dues and bills of the customers through an integrated electronic channels and directly credits into Customers Collection Account.
Riyad Collect solution provides the settlement of the Fee / bills due through BBAN / IBAN Virtual Accounts Transfers.
Riyad Collect solution provides the settlement of the Fee / bills due through BBAN / IBAN Virtual Accounts Transfers.
Benefits:
- Automates the Riyad Collect Payments Collection process.
- Full control of Riyad Collect Payments Collections with BBAN / IBAN Virtual Account Numbers.
- Eliminates the need to use traditional channels for financial transactions.
- Ability to retrieve statements in Swift MT 940 format.
- Simplifies the reconciliation process.