Increase Profits and Reduce Costs

Faster And Customisable Collections Process
ProCollect helps streamline your receivables, and makes efficient use of the SPICK clearing system, which means better working capital flows, less need to borrow, and increased investment opportunities.

Quick And Easy Reconciliations
Whether your collections are paper or electronic based, ProCollect facilitates efficient reconciliation by automatically capturing key payment details, such as cheque number, invoice number, bill references and customer names and/or codes. ProCollect can also capture special fields such as debit or credit note information, discounts or penalties etc.

Efficient reconciliation means potentially increasing sales, since ProCollect enables you to update your Account Receivables ledgers in a timely fashion and to monitor credit outstanding more efficiently.

Reduced Workload And Costs
Because AmBank undertakes the collection, processing and clearing of all the cheques from your various collection locations, your staff do not have to waste time opening and sorting cheques, preparing deposit slips, and manually inputting data into your Account Receivables system. In addition, your back office is relieved of the laborious task of reconciling your various collections to payment advices and bank statements. All this adds up to lower administration costs and the option to redeploy human resources to core business activities.

Automatic Receivables Reconciliation
Ease reconciliation efforts with automatic reconciliation provided by AmBank. This value added service will match open invoices against payments received. Reports are generated with details of invoices that are either fully matched with a payment, partially matched on unmatched. The solution provided is flexible enough to handle complex matching and reconciliation requirements.

Nationwide Branch Network
Our nationwide branch network enables fast local clearing throughout Malaysia, as well as reducing costs by avoiding Inland Exchange Commission (lEG). There is also probably a branch near you where you can conveniently pay in your receivables. Alternatively, we can look into other collection methods to suit your requirements. As a result, there is no need for you to worry about how and where to deposit cheques.

Online Banking
You can access your account details, and view your ProCollect reports online, any time, any place. You are therefore never out of touch, and can keep an eye on your accounts wherever you are.

Reconciliation Has Never Been Easier

Automatic Receivables Reconciliation
Ease reconciliation efforts with automatic reconciliation provided by AmBank. This value added service will match open invoices against payments received. Reports are generated with details of invoices that are either fully matched with a payment, partially matched on unmatched. The solution provided is flexible enough to handle complex matching and reconciliation requirements.

Customisable Matching Criteria
Match payments against information that you require. For instance, payments received by the bank can be matched against invoice numbers, bill reference numbers, payer references, product groups, location or other reference fields.

Complex Matching Methods
Items can be matched according to various methods, whether on a first-in-first-out or last-in-first-out. For exact matching, reconciliation can be performed on a exact match criteria. If the matching criteria(s) has been selected, payment received with the information will be matched against the exact

Reduced Workload And Costs
Because AmBank undertakes the collection, processing and clearing of all the cheques from your various collection locations, your staff do not have to waste time opening and sorting cheques, preparing deposit slips, and manually inputting data into your Account Receivables system. In addition, your back office is relieved of the laborious task of reconciling your various collections to payment advices and bank statements. All this adds up to lower administration costs and the option to redeploy human resources to core business activities

Efficient PDC Warehousing

Efficient Post Dated Cheque (PDC) Warehousing
This value added service provides a warehouse service whereby PDCs received by the Bank will be warehouse until the instrument is due for presentment. This will help eliminate the need to manually warehouse cheques that require a secure environment. Proper warehousing will also help eliminate the probability of banking in a PDC after it has become due, causing a delay in the availability of usable funds.

Faster And Customisable Collections Process
With warehousing, the Bank will still make efficient use of the SPICK clearing system, which means better working capital flows, less need to borrow, and increased investment opportunities.

Discounting Available
PDCs can also be discounted for early funds availability as an alternative to short term borrowing.

Reduced Workload And Costs
Because AmBank undertakes the collection, processing and clearing of all the post dated cheques from your various collection locations, relieve your back office from the laborious task of manually tracking PDCs. AmBank will provide reports of PDCs warehoused and those sent for clearing. Information capture of accompanying payment information can also be captured and provided for account receivables reconciliation.