Standard Chartered Bank announced that it has launched a new receivables management capability to help corporate clients improve their working capital management.
This new capability improves sales turn-around by facilitating timely release of credit limits and significantly reducing resources for managing receivables.
It also provides receivables performance trends and behaviour analytics, enabling better forecasting and working capital management.
Commenting on the capability, Majid Aziz, Head of Transaction Banking said, “Standard Chartered, consistent with our brand promise of being Here For Good for our clients and our markets, offers banking solutions and products that greatly enhance our clients’ business efficiency in line with the dynamics of Pakistan’s business environment.
