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Cash Management Services

Dhanlaxmi Bank's Cash Management Services (CMS) create significant value for corporate customers through speedy collection of cheques, demand drafts and pay orders from various locations. For the efficient management of cash flow to reduce risk, minimize cost and maximize profit, Dhanam CMS encompasses integrated collection, payments, liquidity and receivables management. Our product range under the Dhanam CMS umbrella ensures speed, accuracy, and efficiency.

Local Collection (DLCC)

  • Dhanam Local Collection simplifies the process of collecting payments. Instead of sending cheques to the customer, dealers can deposit them at our branches. Since there is no need to open an account at these branches, the proceeds of the cheques would be credited to the customer's designated account maintained at our branch upon realization (Clear Credit).

Upcountry Collection (DUCC)

  • Out Station Collections are ideal when the customer is already in receipt of cheques from his dealers. The proceeds of these cheques can be credited to his account with the flexibility of Clear Credit and Guaranteed Credit.
    • Guaranteed Credit gives credit in accordance with the agreement with the customer i.e. on Day 0, Day 0+1, Day 0+2 etc.
    • Customers can opt for either Clear Credit or Guaranteed Credit, depending on their fund requirements.
    • Commissions for Clear Credit are lower than for Guaranteed Credit under CMS.
  • An MIS or email report of cheques presented/realized/returned etc. is sent to the customer under CMS only. Our MIS helps customers keep abreast of their receivable positions on an everyday basis.
  • Corporate customers of Dhanlaxmi Bank use the CMS to enhance their liquidity position and efficiently manage their businesses with the comprehensive MIS.
  • With 181 branches across India covered with 100% core banking solutions, Dhanlaxmi Bank has an edge in service delivery according to customer expectations under CMS.

The Dhanam CMS works on a hub-and-spoke model, with the central hub located at Thrissur. CMS nodes are located at various branches and are connected to the central hub with state-of-the-art technology.

Benefits to Clients:

  • Fastest collection of cheques from different locations
  • Most economical mode of collection
  • Flexible arrangements for hassle-free financial planning
  • Safest mode for funds transfer
  • Comprehensive and accurate MIS support
  • Hassle-free reconciliation procedure
  • Single point of contact for customer queries
  • Interest saved on account of faster collection of instruments
  • Competitive service charges

 

 
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