Dr R Seetharaman and Doha Bank executives during the launch of Doha Bank’s Tadbeer, a cash
management solution for corporate clients.
Doha Bank has launched Tadbeer, a cash management solution, for its corporate clients.
Tadbeer is an integrated cash management software platform addressing a full range of collections, payment, liquidity management and reporting services.
“Tadbeer is positioned at the top of Qatar’s banking sector both in terms of the technology and functionality because it provides a single online interface that is capable of managing all aspects of the client’s cash management requirements, including payables, receivables and liquidity information,” Doha Bank said.
Tadbeer also allows clients to save time by paying their bills using the single web-based interface instead of having to visit a utility service or telecom service provider’s payment office.
Doha Bank’s cash management solutions also include an innovative service called “SecureDoc” which is a door-to-door document and cheque collection service that will accept cheques, including post-dated, for deposit into the client’s account.
Similarly, the bank’s “SecureCash” collection service helps large volume cash businesses such as retail stores with a door-to-door collection service for all cash deposits. These two collection services are available anywhere in Qatar.
Doha Bank group Chief Executive Officer Dr R Seetharaman said, “Tadbeer is a major step forward for Doha Bank in delivering enhanced banking solutions in a paperless environment. It is designed to help clients maximise the value of their banking relationship with Doha Bank without having to visit a branch or be constrained by time or geographic access. More importantly, it helps corporations – large to small – better manage their finances in real time while benefitting from a slew of added-value services. This is one of the most critical benefits that will help such clients bridge the gap between operating locally and being able to function efficiently in a globalised market.”
Tadbeer is available around the clock and accessible from anywhere in the world using a simple and secure online interface. Doha Bank believes Tadbeer will prove instrumental in multiplying the bank’s corporate cash management business in the upcoming years.
“One of the key aspects of Tadbeer is the ability to embed access restrictions for key client personnel and maintain a clear and detailed transaction audit trail that benefits both the client and the Bank. With corporate governance and internal audit requirements evolving considerably in recent years this will be a very useful tool for corporations partnering with Doha Bank in the markets where we operate,” Dr R Seetharaman said.
Highlighting the core benefits of the platform Kapil Kumar, head (Cash Management Services) said, “Tadbeer will be utilised as a tool which adds to operational convenience with payment centralisation and offers better accounting and reconciliation for a corporate client. We are here to work in close collaboration with you to take your cash management operations to a higher level.”