PortPayables is a cash management service comprised of four pillars: DA-Accounts, DA-Forex, DA-Cashflow, and DA-Compliance, which manage tasks related to payment, transfers, confirmation, netting, accounting and reconciliation.
Relevant information from these four components can be viewed on the Dashboard, which is offered at no additional cost to PortPayables customers.
“In my past experience leading finance organisations, I often found it difficult to readily access information on expenses and suppliers precisely when I needed it,” said Domenico Carlucci, DA-Desk financial services director.
“Now for the first time, our customers can have instant access to all relevant information on their port-related expenditures, including statements of account per port agent, savings generated for management accounting reports and cash flow forecasts for day-to-day practical needs.”
DA-Desk says that the Dashboard can help controllers to maximise savings through payments in local currencies and make certain that overfunded balances are being collected, among other things.
It can assist accountants in responding to reporting requests and allows operators to see the latest information on agent accounts, data on overfunded agents, spend by vessel, and spend by port.
The Dashboard is now live and is being introduced to PortPayables customers on an individual basis.