With Dubai government's initiative to improve internal efficiencies, Roads & Transport Authority (RTA) is pleased to announce that they have automated employee and vendor payments with Emirates Bank's online banking platform "smartBUSINESS".
RTA required a secure e-banking channel that was easy to use, implement and integrate with their ERP platform. The solution offered by Emirates Bank included encrypted bulk processing and advising capability to RTA. The solution was implemented with the combined effort of RTA's IT and Finance teams and Emirates Bank Cash Management team.
"smartBUSINESS" is a secure channel used by corporate & institutional clients to process bulk payments online. Customers can initiate financial payments like transfers, salary, utility, e-wallet, local and international payments.
This service also assists customers with the real-time download of bank account statement in a format which can be uploaded into various ERP platforms for automated reconciliation.
Mohamad Humaid Al Marri - Director Finance, RTA said " RTA came to formation in November 2005 and in order to support the vision & mission of RTA, the finance department has taken steps to ensure that automation is achieved for all banking transactions. We are happy to work closely with Emirates Bank and use their e-banking channel smartBUSINESS to achieve our objectives."
Munira Yousef – Treasury Manager, RTA said "We would like to express our appreciation to EBI's Cash Management team for their efforts and assistance, with regards to a successful implementation of smartBUSINESS at RTA."
Yousuf Al Shamsi – Head Government Relations, Emirates Bank, said "We are working very closely with RTA as well as other government departments and it's our endeavor to provide value added services and assist them with all their banking needs by providing innovative solutions."
Madhav Nair- Head Cash Management Services, Emirates Bank, said "Corporate & Institutional customers of Emirates Bank are seeing significant benefits by subscribing to smartBUSINESS and using the banks expertise to automate their payables and bank account reconciliation. We are happy to assist RTA achieve transaction efficiencies and will work closely to introduce new transaction services to RTA and other government departments."
For any further information on the above services, please visit Emirates Bank website www.smartBUSINESS.ae or write to us on smartBUSINESS@emiratesbank.ae