The PortPayables® Financial Dashboard (“Dashboard”) in DA-Desk provides you with a comprehensive overview of port expenditures, including information on statements of account per port Agent, savings generated for management accounting reports and cash flow forecasts for day-to-day practical needs.
This integrated set of services is designed to assist customers to:
PortPayables® is DA-Desk’s cash management service, complementing its PortSpend Management® service.
Each payment is screened seconds before being released to the bank ensuring no payments are processed to sanctions entities.
PortPayables has a dedicated recovery team who are responsible for recovering all overfunded port calls. In 2022 we recovered $256 million on behalf of our customers.
You will have a dedicated payments team who will handle all your reporting, reconciliations and ensure all payments are processed timeously to beneficiaries.
Let us save you the time and admin hassle of maintaining agency details. We screen all vendors/agents for compliance, and documents and bank account details are vetted.
Find out more about our stringent compliance checks here.
Combining the payment into the port call workflow significantly reduces delays and friction between operations and finance teams.
Through our rigid processes and compliance standards we protect you against the risk of making any payments to fraudulent parties or falling victim to fraud.
Where possible we settle in local currency. Through monthly benchmarking of ALL customer trades, we ensure the rates applied on your disbursement accounts are consistently and accurately applied by each liquidity provider.
You’ll have access to our proprietary finance tool to assist you with your cash flow forecasting, bank reconciliation and access to various reports.
DA-Desk is audited annually to ensure compliance with SOX regulations.
Through the volume we transact on behalf of our customers we can offer competitive transactional and FX spreads.
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