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Collection Services |
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| Comprehensive receivables management solution. |
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| Standard Chartered understands that operating and sustaining a profitable business these days is extremely tough. In an environment of constant changes and uncertainties, most businesses face challenges of costs and efficiency. Key concerns include: |
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Receivables Management - ensuring receivables are collected in an efficient and timely manner to optimise utilisation of funds. |
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Risk Management - ensuring effective management of debtors to eliminate risk of returns and losses caused by defaulters and delayed payments |
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Inventory Management - ensuring efficient and quick turnaround of inventory to maximise returns. |
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Cost Management - reducing interest costs through optimal utilisation of funds. |
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| Our Solution |
| The Standard Chartered Collections Solution leverages the Bank's extensive regional knowledge and widespread branch network across our key markets to specially tailor solutions for your regional and local collection needs. In India we have around 270 local locations and we are the only foreign bank which is present in 31 locations. We have the widest network among foreign banks in the country. |
| This Collections Solution, delivered through a standardised international platform, has the flexibility to cater to your local needs, thus enabling you to meet your objectives of reducing costs and increasing efficiency and profitability through better receivables and risk management. The key components of our solution include the following: |
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Extensive Clearing Network |
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Guaranteed Credit |
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Comprehensive MIS |
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System Integration |
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Outsourcing of Collection |
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