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United Arab Emirates : ADCB deploys cash management solution for hotel in DUBAI.

Abu Dhabi Commercial Bank (ADCB) has deployed a cash management solution with Atlantis The Palm, a leading hotel resort at Palm Jumeirah in Dubai.

With this advanced cash management solution, Atlantis will be able to boost operational efficiencies. The solution will offer a strong system to combine existing accounts receivables and payables. ADCB is also deploying its proprietary Host to Host solution at Atlantis, helping it to further restructure the present payment and reconciliation process. The Host to Host solution enables a secure and flawless transfer of all payment instructions and account statements.

ADCB is delighted to have been mandated to deliver a state-of-the-art Cash Management solution for Atlantis The Palm, a key relationship partner. With this solution, Atlantis is able to fully automate and streamline transaction processing and reconciliation activities using a straight-through file link-up between our electronic channels, and Atlantis' systems. As such Atlantis benefits significantly in terms of efficiency and will experience consistent service at minimal error rates. Such automated implementations are typically initially quite complex integration exercises. It is a tribute to the excellent teamwork and leadership between Atlantis and ADCB that this implementation was done in record time and Atlantis is now fully benefiting from a world-class solution which delivers capability commensurate with an organisation of Atlantis' pedigree, said Collin Fraser, Head of Wholesale Banking at ADCB.

Taking cash management to the next level, we are delighted to be at the leading edge in partnership with ADCB and look forward to more innovation and efficiencies in the future, said Conor Lawler, VP of Finance at Atlantis The Palm.

2012 Al Bawaba (Albawaba.com)

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Title Annotation:Abu Dhabi Commercial Bank
Publication:Mena Report
Article Type:Brief article
Date:Dec 18, 2012
Words:276
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