BRAC Bank has partnered with Seven Rings Cement to deliver a suite of comprehensive cash management solutions designed to optimise its financial operations. As part of this collaboration, Seven Rings will benefit from BRAC Bank’s cutting-edge CORPnet platform. This digital cash management solution integrates payments, collections, and reconciliation services in a centralised platform. CORPnet offers straight-through transaction processing with real-time reporting and invoicing capabilities. The platform also enables the creation of virtual accounts, allowing Seven Rings to track deposit collections efficiently while benefiting from advanced reconciliation tools. Additionally, Seven Rings will have access to real-time statement data through API integration. This innovative feature will ensure seamless delivery of transactional data from over-the-counter and electronic collections, with enhanced accuracy through dealer and distributor validation.
