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eBLOM Corporate

eBLOM Corporate at a Glance

eBLOM Corporate is an innovative online banking platform developed by BLOM BANK and dedicated for companies. The new online solution offers the possibility to effectively manage the companies’ financial and banking operations through a highly-secure and easy-to-use interface. The solution is suitable for all companies looking for a fast and convenient method to manage payroll payments, to settle payments for local suppliers and to send international transfers without having to visit the branch.


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Key Features

Payroll Management

Companies can use the eBLOM Corporate platform to transfer their employees’ monthly payrolls. Payroll transfers are performed by uploading a file that includes mandatory fields such as: Employee ID/project name/department name/title, employee name, salary month/year, amount of salary, currency of salary, employee’s bank name, branch name, employee IBAN, BIC code (for employee’s bank), address, payment description, charges type.

Then, if the file was in the correct format and all the fields were correctly filled, the payroll will be automatically transferred to the employees’ accounts and then the amount will be deducted from the company’s account.


How long will it take for a payroll to be transferred?
Same day

How much will it cost?
No cost.

Local Payments
Companies can also use the eBLOM Corporate platform to settle payments for local suppliers. Companies can choose to process one payment at a time or multiple payments at the same time (i.e. by including the details of either one payment in the file or all the payments within the same file that will be uploaded). The process is very simple and similar to the process of the payroll management whereby the company has to upload a file with mandatory fields such as: Supplier’s name, supplier’s bank name, branch name, supplier’s account IBAN, BIC code, address, payment description, charges type.
Then, if the file was in the correct format and all the fields were correctly filled, the payments will be automatically transferred to the supplier’s account and the relevant amount will be deducted from the company’s account. A notification will be sent when the file is processed.

How long will it take for a local payment to be transferred?
2 working days.

How much will it cost?
Regular cost applied at the branch.

International Transfers
BLOM BANK has also made it easy for companies to perform transfer to entities abroad through the eBLOM Corporate platform. With a straight-forward process similar to the payroll management and local payments processes, companies can initiate one transfer at a time or multiple transfers at the same time (i.e. by including the details of either one transfer in the file or all the transfers within the same file that will be uploaded). Likewise, the company has to just upload a file with mandatory fields such as: Beneficiary’s full name, beneficiary’s bank name, branch name, beneficiary’s account IBAN, BIC code, address, payment description, charges type.

Then, if the file was in the correct format and all the fields were correctly filled, the transfer will be automatically sent to the beneficiary’s account and the relevant amount will be deducted from the company’s account. A notification will be sent when the file is processed.

How long will it take for an international transfer to be sent?
3 working days.

How much will it cost?
Regular cost applied at the branch.

What is the 3-level authorization?
eBLOM Corporate is a highly secure platform comprised of a 3-level authorization feature which is related to the levels of access that the company can assign to the employees who are delegated to manage the company’s financial and banking operations (i.e. employees responsible for uploading, controlling and authorizing the payments). The 3-level of authorization should be set at the first stage when the company is being enrolled to eBLOM Corporate.

The 3-level feature is applicable on all the services that are available on the eBLOM Corporate: payroll management, local payments settlement and international transfers; noting that many users can be assigned for each level.

Note that upon enrollment each user will have different credentials needed to login to the eBLOM Corporate, depending on the authorization level granted.

Enrolling to eBLOM Corporate

A representative from the bank will assist the company in filling out a specific enrollment form. While filling out the form, the 3 level-authorization will be chosen by the company, whereby after that each user will have separate authentication login credentials in order to access the eBLOM Corporate and execute the allowed functions related to his level.

Important information about the payments performed on eBLOM Corporate

1. All payments executed through the eBLOM Corporate will have the same value date of similar transactions performed at the branch. (i.e. number of working days after which the money will be settled in the recipient’s account)
2. Charges related to payments/transfers executed through the eBLOM Corporate are the same as the charges applied at the branch.

Disclaimer  |  List of Banks No. 14. Copyright © 2017 BLOM BANK