ADCB provides automated cash management solution for Ali & Sons

12/09/2017 12:47 AST

Ali & Sons Holding leads innovation after it announced its partnership with Abu Dhabi Commercial Bank (ADCB) in launching a fully automated cash management solution for the company.

Through ADCB’s management solutions, Ali & Sons will have access to extensive services including credit online transfers both locally and internationally, liquidity management, multibank reporting system and cash & cheque pickup service and PDC management. This reduces risks for the company while maximising profits through an easy and secure management platform.

“ADCB’s cash management solution presents a fully operational service which is already integrated to our enterprise resource planning. With this, bank processing becomes more convenient than it was before. Payment processes will be a breeze for our customers as the method allows quick accreditations of cash and cheques in our trusted banks,” said Atef Ashour, Ali & Sons’ CFO.

The official signing ceremony was held at the Ali & Sons Head Office. Present during the event were Shamis Al Dhaheri, Group Managing Director, Saeed Al Dhaheri, Investments Director and Atef Ashour, Chief Financial Officer. ADCB attendees include Mazen Zo’mot, Head of Wholesale Banking in Abu Dhabi & Al Ain, Jacek Kurantowicz, Head of Cash Management and Eyad Al Khaldi, Unit Manager for Wholesale Banking in Abu Dhabi & Al Ain.

Shamis Al Dhaheri said, “We are pleased to team up with ADCB in becoming one of the pioneers of cash management solutions for Ali & Sons. ADCB boasts an excellent level of cash management - having received accolades such as the Best in Cash Management Solution Bank in the region and topping global ranks - which is the quality we have been seeking.

This agreement aims to strengthen Ali & Sons Holding as a company under the initiative of improving the integrity of data and having a better visibility of cash movements”.

Mazen Zo’mot, Head of Wholesale Banking in Abu Dhabi and Al Ain for ADCB added, “We are honoured to be chosen by Ali & Sons as their strategic partner in developing cash management services for the company. With our extensive knowledge on this field, we guarantee an easy banking experience, therefore diminishing human errors and enhancing systemized transactions.”

CPI Financial