At ABL, Cash Management team focuses on corporate customers’ need for Collections and Payments across the country. Tailor- made products and transactional structures are developed for customers as well as a host of MIS reporting options for receivables management (collections) and handling of disbursements/ payouts (payments).
Having the largest real-time online branch network in Pakistan, combined with a host of value-added services, organization’s digital inclination, ABL is uniquely positioned to meet the demanding requirements of global corporate, public sector enterprises, top-tier domestic companies as well as diverse range of SMEs.
With its collaborative approach to building and implementing solutions, ABL is committed to giving its customers the best services possible and is providing state-of-the-art cash management solutions to numerous clients in all major industry sectors.
- Collection Services
- Payment Services
- Open-Ended Cash Management Service
In this conventional method of collection, corporates can have their receivables credited in their central / main collection account in the form of cash or through cheques, instruments and via digital medium. Collection is done through ABL branch network (1400+) and through online mode against a pre-defined format of deposit slip customized to cater client’s specific need about transactional details and necessary pre-reqs of regulatory nature.
- Payment Hub Collection Solutions
Payment Hub is an advanced level of cash collection facility offered to ABL clients in which the details of the expected cash collection transactions (billing information) are made available to the bank by the client through system integration or batch mode.
With Payment Hub facility, transaction are validated in real-time against the billing information which enables the Bank to offer collection from Allied Bank Branches and Alternate Delivery Channels.
There are 2 methods of integration for Cash/Fee Collection:
- Direct Integration Model
- File Based Model
- Web-based Collection Services
- myABL Internet Banking
Beneficiaries who maintain an account at ABL can avail the facility of myABL Internet Banking and all other ADC channels to transfer funds to corporate accounts for making P2B payments in a quick and convenient manner without going to the branch.
- Merchant / Franchise Payments
Beneficiaries who maintain an account at ABL can avail the facility of Merchant / Franchise Payments to transfer funds to corporate accounts for making P2B payments in a quick and convenient manner without going to the branch
ABL offers a comprehensive range of payment services from branch counters to digitally enabled / self-service mode. This includes requirements for funds transfer (inter or intra bank), bulk cheque issuance, bulk inter and intra bank transfers, bulk utility payments, bulk domestic remittances, cash-over-the-counter and disbursements via digital channels.
These services can be availed as a standalone service or under a digital platform of myABL Business.
- Bulk Upload Payments (B2B and B2P)
- Bulk Issuance of Cheques
- Tax & Government Duty Payments (B2G)
- Dividend Warrant Payments
- Initial Public Offering
- Bulk Debit Facility
- Corporate Transfer System (direct debit for supply chain model)
- Business Internet Banking Service
myABL Business (BIB) is Allied Bank’s online/internet banking service exclusively designed and developed for Business and Institutional Customers. This user-friendly and device-responsive facility enables customers to execute wide range of banking transactions online from their workstation/offices.
BIB offers the following mode for bulk payments transactions:
- Funds Transfer to Accounts within ABL
- Inter Bank Funds Transfer (IBFT)
- Cash via ABL branches
- Corporate Cheques Bulk Printing.
- Bulk Utility Bill Payments.
- FBR Payments
- Dividend Payments through Bulk File.
Find more details about myABL Business. (Click Here)