Banks used to keep hold of the money collected on behalf of the billers between 7 to 30 days. SADAD is facilitating the availability of funds in biller’s accounts within 1 business day. Thus the biller will benefit from faster cash availability Billers have to maintain only a single interface with SADAD instead of separate interfaces with different banks Billers will not have to track reconciliation and settlement with different banks, SADAD performs centralized reconciliation and settlement accounting on behalf of all billers and bank Customers are often wrongly disconnected due to delays in bill payment. Billers incur avoidable costs related to disconnection and reconnection of the customer, as well as lost revenues during the period that service remains disconnected. SADAD provides accurate timely information on bill payment status, including real time notification of payments received Increased reliability and accuracy of bill information from SADAD contributes in reducing number of complaints and queries received by billers
