Cash Management : SMBC Indonesia

Cash Management

We will do one’s best to understand your needs and challenges in managing cash flow. Then, we will make the right and best solution for you.

Our Cash Management Services focus on providing efficiency and effectiveness to your business operations in order to create more optimal cash flow conditions.

Internet Banking Services

SMAR&TS – (Sumitomo Mitsui Advanced Report & Transfer Services)

provides internet banking services with a high level of security and complete features.

Bank Report Service

Get total flexibility in accessing information regarding account balances, account details, maturity information and forex transaction details.

Fund Transfer

Use our multipurpose electronic payment feature via Internet Banking to support your domestic and overseas transaction needs.

Salary Payment (Payroll)

Serving salary payments individually or collectively easily and safely.

e-Tax Service

Tax payment services through MPN Gen 2 direct network connection and our STP method will speed up and facilitate your tax payment process. Documentation of tax payment can also be easily downloaded from our internet banking system.

e-Trade Service

Issue your import LC (Letter of Credit) and all its changes at SMBC Indonesia through our e-Trade system and monitor your LC transactions more easily and conveniently.

Email Notification (e-Advice)
Services to send transaction notifications via email, including:
Payee notification service, automatically sends an email to the payee when SMBC Indonesia completes the fund transfer
Money in notifications, send you an email notification when the funds are credited to your account.
Payer notifications, sending emails to the registered email within the company to monitor every transaction made through SMAR&TS.

e-Statement

Download, print or save your monthly Current Account statement via our Internet Banking. This service will make it easier for you to document account report data.

e-Treasury Report Service

Download, print or save forex transaction data with marked-to-market information electronically

e-Document

Upload and send supporting documents for your transactions electronically trough the e-Document and minimize the routine of using paper.

Interface

Avoid repetitive input in making payments and increase efficiency with support from standard formats (templates) and our converter system

Host-to-Host Service

Use our Host-to-Host service and experience the power of a direct connection with the bank system as your transaction channel with a high level of security.

File Inbox

Reporting your tax payments to the Tax Office will be much easier with our File Inbox feature where you can download, save and print the Proof of State Revenue (BPN) electronically.

Pooling

Strengthen control and supervision of cash flows belonging to groups or subsidiaries in a systematic manner. This feature not only summarizes lending activities between companies but also calculates loan interest and tax obligations on the loan interest.

Liquidity management services

We understand the challenges you face in collecting receivables, controlling various accounts to investing funds, so our liquidity management services can be used as a solution to these challenges to achieve your main goal, which is to optimize working capital.

Perfect Reconciliation Service

Facilitate the reconciliation of your receivables and identification of fund receipt transactions using virtual accounts so that the entire process runs smoothly and saves time.

Current Account Storage Service

Reduce the hassle of maintaining your Cheque/Current Account stack because we can receive and store your Cheques for the long term and process the Cheque/Current Account clearing as due.

Cross-border Pooling

Monitor and control accounts between groups of companies spread across countries and increase the yield on liquidity accumulated between your group of companies

Domestic Cash Pooling

Monitor and control accounts between groups of companies in one country and increase the yield on liquidity accumulated between your group of companies.

SMBC Indonesia guarantees that the Third Parties or service providers who cooperate with us have gone through the internal selection and assessment process according to procedures so that our customers get the best and safe service.

Risks associated with Liquidity Management services:

A. Risks related to Third Parties, a condition in which the Third Party or the Service Provider with whom it has cooperated fails to provide services properly and correctly. Related services: Current Account Storage and Interbank Collection

B. Risk of miscommunication or misinformation, risk that occurs due to the customer's failure to provide accurate information related to the services taken. Related services: Current Account Storage and Interbank Collection

C. Risk of system failure, an event of system failure caused by the malfunction of software or hardware properly resulting in failure or delay in the transaction process and/or delivery of information. Related services: Perfect Reconciliation, Cross-Border Pooling, and Domestic Cash Pooling.

D. Compliance-related risk, a risk related to compliance with laws, regulations, policies and regulations, which may result in legal sanctions or material losses. Related services: Current Deposit, Cross-Border Pooling, Domestic Cash Pooling.

Internet Banking Services :

Our Internet Banking service is called Sumitomo Mitsui Advance Report & Transfer Services (SMAR&TS). This service is internet-based/online-based, can be accessed anywhere and anytime as long as an internet connection is available. This service operates under Japan time (GMT +9) or Jakarta time +2 hours.

Please be aware of some of these things before using our Internet Banking, such as; Availability/specifications of your system, required documentation and compliance/regulatory aspects related to the service
Risks related to Internet Banking services:

A. Risk of fraud/duplication, fraudulent attempts to obtain financial information or sensitive data, such as: user identity, name, address,

password, etc., which are maliciously intended by disguising links to electronic communication media.

B. Risk of misuse, a bad act, usually committed by a known person, in accessing the system by using stolen user identities, names and

passwords for bad purposes.

C. Risk of system failure, an event of system operation failure caused by the malfunction of software or hardware that may result in delays or

failures in transactions or information receipts.

Liquidity management services :

SMBC Indonesia assures you that each associated Third Party or Vendor has gone through several layers of our internal assessment procedures to provide secure and best service practice.

Risk associated with Liquidity Management Services:

Risk related to Third Party, an unfavorable condition caused by a third party or vendor incorporation with the service, who failed to execute the service properly. Related service: GC, CD, IC
Risk of miscommunication/misinformation, failure to provide accurate data or information related to the service rendered. Related service: Giro Collection, Giro Depository, Cash Delivery, Interbank Collection.
Risk of system failure, an event of system malfunction caused by software or hardware operating failure which may impact to clients’ transaction, information delay or execution failure. Related service: Perfect Reconciliation, Cross-Border Pooling, Domestic Cash Pooling, aRTEis.
Risk related to compliance, failure to comply with the laws and regulation, policies and procedures, which may result in legal penalties and material losses. Related service: Giro Depository, Cross-Border Pooling, Domestic Cash Pooling.

Internet Banking Services :

Customer is required to have an Account at SMBC Wholesale Banking. Please contact your Relationship Manager (RM) for more information regarding opening account procedures.
Customer is required to complete, sign and submit required documents and forms related to the service(s) taken, such as:

Product Consent Letter.
Electronic Banking Agreements.
Service Option Form.
Power of Attorney (if authorized signer(s) is different from specimen card).
E-Advice Form (if the e-Advice feature is taken).
Request for Host-to-Host Service Form (if H2H feature is taken).

Upon completion of registration, our CMS staff will arrange a schedule to conduct implementation and user training.
For more detail information regarding Internet Banking features and application, please contact our Transaction Banking Solutions Department (TBSD) staff(s).

Liquidity management services :

Applicant is required to have an Account at SMBC Indonesia. Please contact your Relationship Manager (RM) for more information regarding opening account procedures.
For Collection services, such as; Giro Collection, Giro Depository, Perfect Reconciliation and Interbank Alliance a specific Product Agreement, Scheduler and Consent Letter are required for each service rendered.
For Cash Pooling service engagement, a review towards each participant’s Article of Association is required before proceeding to Agreement signing.
For aRTEis, a certain form is required to add the service.

Significant Impact

Our empowerment program is an integrated element to our business model. We will always try to create opportunities for all SMBCI customers to grow and make a more meaningful life through our products and activities.

Rumindah

SMBCI Mataram Customer

“Since the 1990s, I have been developing, accommodating and selling the handiwork of weavers. Unfortunately, the business was not going anywhere. After my retirement, I was determined to develop this business further. Now, together with the SMBCI Purna Bakti, my business has grown and I have my own gallery.”

Cecep Solihin

SMBCI Bogor Customer

“My business has grown significantly after three years of becoming a SMBCI customer. Especially with the trainings I received from SMBCI, now I understand about bookkeeping and business management. There, I also learnt about online business.”

Rudy Chandra

SMBCI Pecenongan Customer

"Small to medium retail printing is a capital heavy business, but what we sell is largely service-unlike the large scale printing companies. Not many banks are willing to look past the surface and understand the type of business that I have built and run since 8 years ago. With the Bank’s support and assistance over the past 2 years, my business continues to grow together with SMBCI Mitra Bisnis."