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).

Standardized Accounting

Competitive Exchange Rates

No Transaction Fee /Bank Charges

Time Saving For Accounts Team

Customized Reporting

Timely Settlement

Secure & Reliable

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.

More services

Disbursement Accounting

Let DIABOS take care of your DA process, while you concentrate on your core business activities.

Cash Management

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

Call Cost Estimation

DIABOS PortDA makes port costs estimates available at a click of a button for accurate costing needs.

Vendor Management

DIABOS offers its clients ‘no obligation’ Vendor management service. Leveraging collaborations with renowned and reliable tug-boat operators.

Compliance, Fraud Prevention, Anti-Corruption

This is of paramount importance in our industry. DIABOS ensures that all entities it works with have been vetted accordingly.

Digitization Projects

DIABOS facilitates its stakeholders in their own digitization drive by leveraging the strong IT design and development capabilities within the JM Baxi Group.

Charter Party & Laytime Services

FAQs

Using Diabos is easy.

What location is DIABOS present?

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

What are Cash management services? What value benefit does DIABOS provide?

DIABOS Cash Management Service manages payments to agents/vendors and reconciliation of accounts pertaining to disbursements, including recovery of balance from the agents. Cash Management is designed to assist ship owners and operators in managing disbursement payments to agents and vendors worldwide.

Competitive exchange rates for over 130 local currencies, automated SWIFT copies, security, sanction, compliance checks on each remittance, Eliminates bank charges of 1-5% per DA plus 1-5% in hidden FX arbitrage by port agents which assists our customers to closely monitor savings and the system enables a seamless recovery where applicable.

Cash Management

Save more with our Cash Management Service

Value Delivered