InfoCMS: FINANCIAL SOLUTION OF THE ERA, CONNECTING BANKS WITH CUSTOMERS

The necessity for an effective cash flow management solution for customers

The global economy is undergoing dramatic changes, and businesses are facing increasing pressure to improve their financial management. According to a McKinsey report, about 45% of small and medium-sized businesses globally have difficulty managing their cash flow. This number is even higher for businesses operating in high volatile sectors such as technology, retail and services.

Banks, as financial bridges for customers, also face a big challenge in providing effective cash flow management TOOLS. With the rapid development of information technology, the application of traditional cash flow management TOOLS is no longer SUITABLE FOR THE REALITY OF CUSTOMERS. Therefore, the need for an automatic, effective and secure cash flow management solution is becoming increasingly urgent.

In that context, INFOCMS (Cash Management Service) was born to play an important role in helping customers effectively manage two streams of income and expenditure, ensuring that cash flow is always maintained stable and balanced. The application of technology with features such as automatic debit and transfer helps automate complex financial processes, minimize errors and save time. This not only improves work efficiency but also reduces the burden of managing customers’ income and expenditure.

InfoCMS comprehensive cash flow management solution with superior breakthroughs

InfoPlus has researched and launched InfoCMS – a comprehensive cash flow management solution specifically designed for banks, in order to provide services to groups of corporate customer, individual business households and individual customers. InfoCMS solves the major challenges in financial management that current customers are facing.

InfoCMS provides two superior financial management services to customers: Revenue management and expenditure management. With the Identified Account feature, each individual customer or payer is given an account directly linked to the customer’s main account, allowing them to transfer money to the identified account as transfer to a regular bank account. The system automatically identifies and transfers to the main account, helping customers easily distinguish and account for revenues accurately and transparently.

The Automatic Debit feature allows automatic debit from the payer’s personal account to the customer’s main account periodically, helping them proactively control and use cash flow effectively, optimizing the collection process without having to remind the payer.

Meanwhile, InfoCMS’s cash flow management service allows businesses to make single or batch transfers, including payroll transfers and international money transfers. The system allows for scheduling recurring transfers, making it easy for businesses to manage payments such as salaries, rent payments, etc. on a monthly basis. With the ability to process thousands of transactions at once and the option to transfer 24/7 via NAPAS or transfer normally via CITAD, InfoCMS ensures that all transactions are carried out quickly and accurately.

Secure technical connection and highly efficient flexible usage method

InfoCMS provides cash flow management solutions for customers through integration between customers, InfoCMS system, and the bank’s Core Banking system. Therefore, InfoCMS ensures that financial transactions are managed, processed, and updated continuously and accurately, supporting customers to manage cash flow effectively and safely.

InfoCMS provides two usage methods depending on the scale and needs of customers. The Web Client method (including mobile interface) is suitable for individual customers, individual businesses, SMEs, small-scale businesses, with the number of individual customers under 10,000 and the number of transactions under 100 per day. This group of customers have not yet used specialized software for internal management. Typical examples are small-scale retail companies and travel companies.

The Open API method is designed for large enterprises with more than 10,000 individual customers, many agents or branches, and daily transactions exceeding 100. These enterprises have used specialized software such as ERP or CRM for internal management. For example, large corporations such as EVN, The Gioi Di Dong, and WinMart+ all use this method to optimize cash flow management.

Pioneering service with outstanding advantages in the market

InfoCMS is a pioneering collection and payment management service, offering many outstanding advantages compared to conventional payment intermediaries and accounting software:

Strong banking partner network, a reliable companion for businesses

InfoCMS is proud to cooperate with major domestic and foreign banks, creating a strong network of connections. On July 18th, one of InfoPlus’s strategic partner banks, BIDV, was honored to receive the awards “Best API & Open Banking in Vietnam” and “Best Trade Finance Bank in Vietnam” in 2024 from The Asian Banker Magazine, affirming its pioneering position in the digital banking industry. This award is a testament to the strategic partnership between BIDV and InfoPlus. Via BIDV Open API connection, comprehensive integration of BIDV’s services on the InfoPlus platform, not only enhances customer experience but also affirms a breakthrough in digital transformation, helping the bank achieve proud international achievements. In particular, InfoCMS service plays a core role in helping BIDV create a breakthrough in real-time cash flow management on a digital platform in the Vietnamese market.

In addition, InfoCMS also cooperates with major banks such as VietinBank and leading Korean banks such as Woori Bank and Shinhan Bank, bringing diversity and expanding international connections. InfoCMS does not only stop at providing a financial management tool, but also helps banks create added value for their customers. By providing this service, banks not only support customers in managing their finances effectively but also contribute significantly to shaping the future of their business model, ensuring survival and sustainable development in the digital market.

InfoPlus’s InfoCMS is not only a solution to help customers manage their finances effectively and optimize cash flow, but also a reliable companion in the process of enhancing competitiveness and sustainable development in the digital age. In addition, through providing CMS services to customers, banks not only enhance the value of their services but also build long-term and sustainable relationships with their customers.