Banking relationships between companies and their dealers, with whom they constantly exchange goods and services, generally consist of periodically repeated processes. Direct Debit System; It is one of the financial products developed to facilitate the tracking of receivables arising from the commercial relations of companies with their dealers and to guarantee collections. Thanks to the Direct Debiting System (DBS), dealers can make payments for invoiced goods and services purchased from the parent company using credit limits specifically allocated to the parent company. Parent companies can also collect their due receivables without any problems within the scope of DBS credit limits defined only for them by the banks where the dealers work. Thus, dealers can prevent balance problems, possible delays and non-payment situations due to insufficient limits in their payments to the main company. Thanks to DBS, parent companies can easily establish cash flow and balance by guaranteeing their outstanding receivables.
Manage Processes in Different Banks from a Single Screen with E-DDS E-DDS, an Open Banking product developed by Finrota, enables businesses to control multiple banks from a single platform in their DDS transactions with their dealers and customers. Companies that can upload invoices to the system automatically or manually can instantly view their balances and credit limits that will be used in collections from dealers. In this way, parent companies can check sales opportunities, balance and limit of their dealers and customers in advance. It helps companies see new sales potential with collection guarantees that will support cash flow.
Account for Your Collections with ERP/Accounting System Integration! E-DDS, which facilitates and accelerates the management of DDS processes, also automates the accounting process by instantly sharing the information of collections in the system with ERP and accounting programs. In this way, companies can save time and labor that may occur due to invoice entries and minimize the problem of erroneous transactions in their accounting. In addition, E-DDS, which automatically uploads your DDS invoices from your applications with ERP integration, facilitates the tracking process of your collections. You can make your financial management processes more effective with E-DDS, which not only automatically uploads to the system but also updates the data in your ERP applications simultaneously.
Avoid Check/Note and Open Account Collection Risks DDS, which is an alternative banking product to applications such as cheques/notes and open accounts, which have been widely used in business life in Turkey for years, reduces collection risks in these channels. can eliminate it. DDS, which guarantees companies' future collections from their dealers and customers, stands out as a more reliable product in case checks and promissory notes are not paid. You can also avoid the operational workload arising from the physical transportation of checks and bills.
