Collection Solutions

Through this complex collections solution, the companies are optimizing their revenue flow.

  • Garanti BBVA is offerring an extensive range of modern collection channels such as Garanti BBVA Online Direct Debit, Smart ATMs invoice payments, POS and ePOS collection, cash collection, Trezolink etc.

Product features

  • Receivables collection in Garanti BBVA current accounts is performed in real time, with no intermediate steps, and are not commissioned. The collected amounts in the current account can be afterwards transferred based on a standing order in a deposit account, thus generating interest incomes for the company.
  • Debt/credit instruments collection (checks, promissory notes). In order to manage their deferred payments/incomings, companies can use in their business relationships debt instruments such as checks and promissory notes to be cashed in at sight or at a certain due date. Corporate clients may deposit their payment instruments in custody at Garanti BBVA, thus transferring to the bank the responsibility for collection administration and processing along the banking circuit, while saving time and resources allocated for this operation.
  • Invoice collection for companies with significant billed amounts, Garanti BBVA can provide an efficient invoice collection solution, covering a wide range of highly secured cash-in options. Garanti BBVA is a banking partner for over 50 companies providing services to utilities, telecommunications and offers the following bills collection channels: Garanti BBVA Online, Smart ATMs, POS and EPOS, Direct Debit, the bank’s agencies network.
  • Cash collection via the Garanti BBVA is a service addressed to companies that manage high volumes of cash on a daily basis. The cash will be transported under maximum security conditions by an authorized specialized personnel, with armored cars, while the frequency and timing of collections are set as per the corporate clients requests, even for non-banking days.

Advantages for the company:

  • Improved efficiency and reduced costs time and money saving solution, the company’s revenues being processed in real time and credited current account. It saves time and resources by transferring to the bank the administration of invoice collection, payment instruments or incomings in the State Treasury account.
  • Automated flow Garanti BBVA offers complex collection solutions, as well as reconciliation reports, which allow automatizing the company’s operational flows via direct interfacing with corporate clients’ accounting system.
  • Multiple collection channels are Internet Banking (Garanti BBVA Online), Smart ATM, POS and EPOS and represent a modern alternative to the classical paper based instruments and contribute to increasing the company’s sales and customer loyalty
  • Mobility and high security via access to information from anywhere and ability to perform remotely transactions thus eliminating risks and efficient doing cash management