MAG_AP_Q3-2017_V3

ACCESS POINT MAGAZINE - OCTOBER 2017 - ISSUE
NEWS & UPDATES
ASH
Ali & Sons Signs Agreement with
ADCB for the Innovative Cash
Management Solutions
Through ADCB’s cutting-edge management solutions, Ali & Sons will have access to extensive services
including credit online transfers both locally and internationally, liquidity management, multibank
reporting system and cash & cheque pickup service and PDC management. This reduces risks for the
company while maximizing profits through an easy and secure management platform.
The official signing ceremony was held at the Ali & Sons Head Office. Present during the event
were Mr. Shamis Al Dhaheri, Group Managing Director, Mr. Saeed Al Dhaheri, Investments Director
and Mr. Atef Ashour, Chief Financial Officer. ADCB attendees include Mr. Mazen Zo’mot, Head of
Wholesale Banking in Abu Dhabi & Al Ain, Mr. Jacek Kurantowicz, Head of Cash Management and
Mr. Eyad Al Khaldi, Unit Manager for Wholesale Banking in Abu Dhabi & Al Ain.
Mr. Shamis Al Dhaheri said, “We are pleased to team up with ADCB in becoming one of the pioneers
of cash management solutions for Ali & Sons. ADCB boasts an excellent level of cash management
- having received accolades such as the Best in Cash Management Solution Bank in the region and
topping global ranks - which is the quality we have been seeking.
This agreement aims to strengthen Ali & Sons Holding as a company under the initiative of improving
the integrity of data and having a better visibility of cash movements”.
Mr. Mazen Zo’mot, Head of Wholesale Banking in Abu Dhabi and Al Ain for ADCB also commented
saying, “We are honored to be chosen by Ali & Sons as their strategic partner in developing cash
management services for the company. With our extensive knowledge on this field, we guarantee
an easy banking experience, therefore diminishing human errors and enhancing systemized
transactions.”
Abu Dhabi, UAE: Ali & Sons Holding LLC leads innovation after it announced its partnership
with Abu Dhabi Commercial Bank (ADCB) in launching a fully automated cash management
solution for the company.
“ADCB’s cash management solution presents a fully operational service which is already integrated
to our enterprise resource planning. With this, bank processing becomes more convenient than
it was before. Payment processes will be a breeze for our customers as the method allows quick
accreditations of cash and cheques in our trusted banks,” according to Mr. Atef Ashour, Ali & Sons’
CFO.
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