Standard Bank impresses with its well-structured online banking platform for all business sizes.
After people, cash flow is the heartbeat of any organisation, and Standard Bank is well-placed to help its business clients to manage every aspect of theirs, said Siva Reddy, the bank’s head of transactional products and services for Gauteng at Finance Indaba 2018
“In terms of cash flow management solution systems that any organisation revolves around – money in and money out – the focus is around transactional efficiency. While those transactions are taking place, the organisation needs to have peace of mind in terms of security and how those transactions are being processed.”
Siva said Standard Bank handles trillions of rand a month, and millions of transactions – with all of the associated risks. But the bank’s impressive Business Online Platform has been designed to offer clients seamless integration of all their banking needs – including collections, payments, account verifications, investments and liquidity management.
It also offers Host-to-Host options for large, complex organisations, where the company’s ERP system can plug straight into the banking system, as well as direct access to Sars efiling and a full audit trail.
Standard Bank has world-class security measures built in, with two-factor authentication, and can handle any business size, from SMEs to large multinationals and public sector organisations. Plus, the platform allows access from anywhere in the world, 24/7, 365 days a year, Siva said, allowing financial officers to release funds no matter where they are travelling.