UBA’s has a new cash management solution for businesses and government

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United Bank for Africa (UBA) Plc
recently introduced web based banking platform, which it calls U-Direct
Corporate. This is a cash management and
transaction services platform designed to help small and large firms make their
payments, collections and manage their cash easily.  
U-Direct Corporate is already
operational in the 19 African subsidiaries of the UBA Group.  
U Direct Corporate has 8
different functions/modules which can all be accessed with one password. 
The 8 modules include; payments,
collections, multi-bank multi-regional balance viewing, liquidity management,
cash forecasting, e-Trade, e-Treasury and value chain management.
 U-Direct Corporate also
comes with a mobile app, the first of its kind for corporate customers that
enables busy managers to access the platform to approve payments and approvals on
their mobile phones. This mobile app is available for Android, IoS, and Windows
smart phones.
U-Direct Corporate will also
enable companies speed up receivables processing, resulting in reduced
financial exposure, lower borrowing costs and better cash flow.

Companies using U-Direct
Corporate can also view all corporate account balances in their own country and
anywhere in the world right from the mobile phone, tablet or computer.
Access will also be given for
cross border payments and collections views, instant value payroll
implementation, vendor, pension and tax payments as well as instant payment to
mobile phones.
 U-Direct Corporate puts the corporate
customer’s financial transactions right at his fingertips and in essence,
results in better financial control.
 U-Direct Corporate is also easily integrated
into an existing company’s accounting platform.
Plans are underway to further
launch U-Direct Corporate in UBA’s business offices in New York and Paris as
well as in its London subsidiary in United Kingdom.
UBA Plc is a pan-African bank
serving over seven million customers in 19 African countries with business
offices in New York, London and Paris.

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