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Opening bank accounts is becoming increasingly difficult due to the lengthy due diligence procedure followed by the bank institutions. Banks will open accounts to companies that have been introduced to them by a recognized and licensed service provider on their “approved list” such as Dammers Shipmanagement NV.
The required documentation in the due diligence procedure can get complicated and need to be legalized prior to applying for a bank account opening. Consequently, it is increasingly difficult for clients to attend to account opening procedures on their own.
Dammers Shipmanagement can assist with bank introductions and with the preparation and submission of the necessary paperwork.
We cooperate closely with many bank institutions and thus able to assist clients in the most expedient and efficient way.
Once the bank account has been opened, Dammers Shipmanagement can undertake banking transactions on behalf of clients’ instructions.
Our cash management team is specialized in to optimizing your financial operations and ensure efficient handling of all cash-related transactions. Key services include:
Cash Flow Monitoring: Real-time tracking of inflows and outflows to ensure liquidity.
Accounts Payable & Receivable Management: Streamlined processes for timely payments and collections.
Bank Reconciliations: Ensuring all transactions are accurately recorded and matched.
Cash Forecasting: Anticipating future cash needs and opportunities.
Currency Management: Handling international payments and currency conversions with minimized risk.
We provide tailored solutions to improve financial control and ensure the effective management of funds.
