Deutsche Bank helps JKH streamline payment processes
View(s):Deutsche Bank this week announced the implementation of a hybrid payment solution for John Keells Holdings PLC (JKH) that will streamline the company’s payment processes managed by its shared service centre, InfoMate (Pvt) Ltd.
As a wholly-owned subsidiary of JKH, InfoMate (Pvt) Ltd. serves as a shared service centre for JKH and its businesses. “Due to its complex and diverse payment and collection requirements, the company’s process workflow for its supplier payments was previously run separately from other payment workflows,” the bank said in a media statement.
JKH has now implemented a hybrid payment solution, which connects Deutsche Bank’s electronic banking and supplier finance platforms to JKH’s ERP interface, resulting in greater operational efficiencies within its shared service centre, as well as cost reductions. The company’s payment files are automatically uploaded from JKH’s shared service centre to Deutsche Bank’s platforms, thereby creating an efficient seamless payment process.
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