Siam Cement implements db-eBills

The Thai company opts for electronic processing of payments for its distribution business.

Siam Cement will use Deutsche Bank's electronic bill presentment and payment solution for its distribution business. Cementhai Sales and Marketing CSM, which distributes construction materials and hardware products in Thailand, will implement db-eBills so that dealers can settle their invoices electronically.

Up until now, CSM has been confirming orders from dealers, invoicing them and settling payments using paper-based processes. The implementation of the EBPP solution will streamline the operational workflow and processes between the company and its trading partners.

The platform will allow the company to present invoices, confirm and initiate payments, and then collect funds and reconcile the receivables with its accounting system - all...

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