How the systems work
Your buyers/associates pay their debts to your business (e.g. invoices) using the unique payment/RF code you assign. They pay through their own bank, provided it is part of the Interbank System.
Your collections go to a Eurobank account, which you can monitor and manage fast and efficiently.
What businesses it is addressed to
The DIAS Direct Debit and Credit Transfer collection systems are addressed to:
- Businesses that have a significant number of collections to make and wish to automate their processes. This way they save on resources, time and costs. For example, telecommunications or insurance companies, utilities, merchants etc.
- Buyers, representatives or associates of such companies (B2B).
- Consumers (B2C).
How it makes it easier for your business
If your customers carry out a credit transfer or set up a standing order with a bank that is part of the DIAS system, you automate the collection of:
- Amounts due from invoices or collection notices issued to your business buyers/associates.
- Registered debts of any kind.
As the beneficiary organisation, you receive consolidated updates through an informational file related to payment execution. DIAS Credit Transfer also offers real-time updates for all types of transactions carried out through any bank. The only condition is that you sign up to DIAS Credit Transfer and/or DIAS Direct Debit.
In addition, we enable your business to participate in the Interbank System, using the e-Payments transaction monitoring and approval platform.
The information you can access through the e-Payments platform, depending on the system you have signed up for, includes:
- Standing order set-up and cancellation by your business debtors.
- Submission or execution of account debit orders for invoices you have issued as a supplier or vendor.
- Updates about credit transfers carried out by customers to your business.
- Details of older invoices and transactions.
What you gain
- Lower your business operating costs by automating your debt collection process.
- Eliminate the use and handling of cheques.
- Get flexibility in your sales/service terms, e.g. the interest-free credit period you have agreed with your buyers or associates.
- Improve your business operation. Your collections are automatically reconciled with your receivables.
- Monitor your daily and older transactions 24/7.
- Automatically update your business ERP by connecting to the online platform. This ensures system integration.
Info
For further information, get in touch with the dedicated Eurobank Transaction Banking experts who assist you.
Alternatively, email us at: PaymentsCashManagement@eurobank.gr.