THE ROLE OF BANKS’ REMOTE SERVICES AND CASHLESS SETTLEMENTS IN IMPROVING THE EFFICIENCY OF ENTERPRISES AND ORGANIZATIONS

Abstract

This article scientifically analyzes the role of banks’ remote services and the cashless settlement system in improving the efficiency of enterprises and organizations. As the methodological basis of the study, the current regulatory and legal documents governing the cashless settlement system in the Republic of Uzbekistan were adopted, in particular the Regulation registered under No. 3229 on April 13, 2020, as well as the provisions of the Law “On Payments and Payment Systems.” The practical object of the study was the activity of JSCB Hamkorbank. Through remote banking services and digital payment instruments, it becomes possible to save time in enterprises and organizations, reduce transaction costs, strengthen payment discipline, increase transparency of cash flows, and accelerate managerial decision-making. In addition, the widespread introduction of remote banking services and cashless payments makes an important contribution to strengthening the financial stability of enterprises, reducing operating costs, and increasing economic efficiency.