Standard Chartered signed Cash Management Mandate with Chevron Pakistan Limited

Karachi: Standard Chartered Bank (Pakistan) Limited has been awarded cash management mandate by Chevron Pakistan Limited. This was first ever such mandate awarded by Chevron to Standard Chartered globally.

The solution entails automation of Chevron Pakistan Limited’s payments processing through Host2Host integration of Chevron’s Global ERP (SAP) with Standard Chartered’s Straight2Bank ACCESS and streamlining of collections services through the Bank’s countrywide branch network.

This arrangement provides a dynamic platform with state of the art solutions for Chevron Pakistan Limited by offering operational efficiency, reduced risk, lowered cost and improved transparency.

Commenting on this occasion, Mr. Mohsin Nathan, Chief Executive, Standard Chartered Pakistan said, “Standard Chartered, consistent with our brand promise of being Here for Good for our clients, offers banking solutions and products that greatly enhance our clients’ operational efficiency. We believe that this product offering to Chevron Pakistan Limited will go a long way in helping further streamline their business operations through efficient and secure cash management solutions”

Commenting on the agreement, Mr. Mohammad Zubair, Country Representative, Chevron Pakistan said, “We are extremely satisfied with the solutions provided and smooth implementation carried out by Standard Chartered on the committed timelines and we deeply appreciate the efforts of Standard Chartered’s team”.

For more information, contact:
S. Salman Ahmed Kazmi
Public Relations and Event Specialist
Manhattan International (Pvt.) Limited
Phone: + 92 21 536 4980 X 246 (4 Lines)
Fax: + 92 21 536 4978
Cell: + 92 300 827 5509

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