Cash Management

DIABOS manages cross border payments to agents and vendors while reconciling accounts relating to port costs.

Save more with our Cash Management Service

DIABOS manages cross border payments to agents/vendors and reconciliation of accounts pertaining to port costs, at a nominal fee per port call.

Your money is securely managed through a ‘Purpose Trust Account’. While you maintain direct access to the account for verification and audit purposes, the account can only be used for payments due to agents.

* The account is held in Trust’ which means that the money belongs to you even in the event of financial claims against DIABOS or its other customers, or in the event of DIABOS going bankrupt.

Our Cash Management Service procedure undergoes regular System Controls and Process audits by KPMG in order to confirm our compliance with ISAE 3402/SSAE 16 SOC 1 (US SOC and European international standards required for a service provider to stock listed companies).

Standardised Accounting

Standardized Accounting

Competitive Exchange Rates

Competitive Exchange Rates

No Transaction Fee /Bank Charges

No Transaction Fee /Bank Charges

Time Saving For Accounts Team

Time Saving For Accounts Team

Customised Reporting

Customized Reporting

24/7 Support

Timely Settlement

Multi-tier / Departmental Approvals

Secure & Reliable

Compliance Checks

Compliance Checks

Value Delivered

You benefit from our processes and controls that are ISO 9001:2008 (Quality Management System) certified and fully compliant with ISAE 3402/SSAE 16 SOC 1 (US SOC and European international standards required for a service provider to stock-listed companies).

  • No transaction fees or bank charges and no account maintenance charges.Benefit from the most competitive foreign exchange rates for over 130 local currencies with mandatory compliance check of the beneficiary before each remittance.
  • All transactions are secure and operated by DIABOS under stringent system controls
  • Each remittance compared against benchmarked rates
  • Remittance confirmations sent to the beneficiary via automated SWIFT copies
  • Bank balance replenishment as required, saving your accounts team valuable monitoring time
  • Periodic Cash Flow Reporting scheduled as per your requirement

*** DIABOS does not involve treasury operations. We maintain complete transparency in accounting to avoid the risks of exchange rate fluctuations for ourselves as well as our clients.

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FAQs

Using Diabos is easy.

The payment system of the school management app is flexible with various modes that suit your needs.