The PortPayables® Financial 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.
Everything you need on one single platform.
10 Ways you can benefit from using PortPayables®
1. Bank-grade compliance
Each payment is screened seconds before being released to the bank ensuring no payments are processed to sanctions entities.
2. Handle all your recoveries
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.
3. Dedicated payments team to handle all agent & bank payment communication
You will have a dedicated payments team who will handle all your reporting and reconciliations and ensure all payments are processed timeously to beneficiaries.
4. No maintenance of agency database
Let us save you the time and admin hassle of maintaining agency details. We screen all vendors/agents to ensure maritime compliance, and we also ensure documents and bank account details are vetted.
Find out more about our stringent compliance checks by checking our dedicated DA compliance page.
5. End-to-end process workflow
Combining the payment into the port call workflow significantly reduces delays and friction between operations and finance teams.
6. Mitigation of fraud & phishing risk
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.
7. Full transparency of FX exposure
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.
8. Financial dashboard access
You’ll have access to our proprietary finance tool to assist you with your cash flow forecasting, bank reconciliation and access to various reports.
9. SOX compliant with full ISAE 3402 audit
DA-Desk is audited annually to ensure compliance with SOX regulations.
10. FX and transactional benefits
Through the volume we transact on behalf of our customers we can offer competitive transactional and FX spreads.
Benefits of our disbursement account platform
The four foundations of DA-Desk are risk reduction, smart operations, reduced costs and VMS integration and these are just a few of the many benefits that our system offers.
Smart operations
Remove the need for paperwork and lengthy operational tasks by elevating your operational efficiency.
Our system removes the need for manual processes such as managing payments, validating both PDAs and FDAs and compliance checks.
VMS integration
Our DA-Desk integration system (DIS) supports a high-quality data integration between both VMS and DA-Desk.
DA-Desk integrates seamlessly into all major VMSs.
Risk reduction
Maritime compliance is at the heart of everything we do as we understand how complex and potentially costly this can be.
DA-Desk helps to mitigate your financial, legal, transactional, regulatory and operational risks.
Reduced costs
Our dedicated team is here to help you create a more streamlined, cost-efficient process.
On average we’ve helped our customers save $700 per port call*.
