[Business Banking]
Standard Chartered launches connectivity solution
As organisations continue to leverage their investments in Enterprise
Resource Planning (ERP) systems, treasurers today are looking at not
just reconciling items or automating account payables but optimising
their working capital cycle and streamlining their financial supply
chain.
Current processes of communication and reconciliation with banks e.g.
via bank statements, are inefficient; account statements received to and
from banks are reconciled with ERP systems, typically through a batch
process, either manually or through some complex programs.
Analysts estimate that such streamlining and automation efforts can
reduce the working capital cycle by 25 per cent.
Standard Chartered, working together with SAP, introduces a
sophisticated connectivity solution to its clients’ ERP on
Straight2Bank. This corporate connectivity solution promises to reduce
working capital cycles and integrate the physical and financial supply
chain, thereby reducing costs and improving Operational efficiency.
Straight2Bank integrates the payment system with Standard Chartered
Bank’s clients ERP system, automating the reconciliation as payment
orders are created, providing greater productivity and transparency.
Organisations are able to get an instant picture of their cash flow
position and users can query on any payment or receivables transaction
and obtain its status instantly.
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NTB opens Kurunegala personal banking centre
A Nations Trust Bank customer using the automated multi channel
services.
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Nations Trust Bank recently open their fourth personal banking
centre, located at the Keells Super outlet in Kurunegala.
The Bank’s personal banking centre (PBC) offers 365 day banking
facilities through its ATM, which permits cash deposits that are
recognised in real time, which means that the money that is deposited
will be credited to the relevant account instantly.
In addition to this the PBC also facilitates cash deposits, payments
for the American Express card, a cheque drop box to make payments and
deposits via cheques as well as a host of benefits through this
automated service.
Each PBC will also have key service personnel for any assistance or
inquiries.
Customers may also use the PBC to open savings and fixed deposit
accounts as well as having free access to the Bank’s internet banking
services. Nations Trust Bank PLC was the first to introduce 365 day
banking as well as the concept of mini branches.
Chief Executive Officer Nations Trust Bank PLC Zulfiqar Zavahir said,
“We are pleased to offer the convenience of personal banking centres
through the Keells Super chain of supermarkets. Given our commitments
towards simplifying the lives of our customers, we are confident that
these conveniently located centres will provide banking services at a
time and location that is most suitable to our customers.” |