Smart Bank of China | Shanghai Bank Releases "Upward E-Enterprise Win" Service Plan Enterprise | Treasurer | Bank of China | Shanghai

Release time:Apr 15, 2024 21:15 PM

Treasury management is a significant transformation and innovation in financial management and fund operation of enterprises, playing an important role in promoting the improvement of business development level. Especially with the rapid development of digital technology, the objects, contents, and means of financial management and fund operation are undergoing profound changes. Building a treasury system that is suitable for one's own development has become an important demand for enterprises.

In order to better meet the integrated and comprehensive financial management needs of enterprises and deepen comprehensive financial services, on August 29th, Shanghai Bank officially released the "Upstream E-Enterprise Win" service plan for treasury management. By establishing a "1+4+X" data interconnection comprehensive treasury service system, it helps enterprises to develop their operations and work together with enterprises to "break through the waves and win the future".

Adhering to three major concepts, focusing on the digital transformation of treasury management

Treasury is a component of asset liability management, which manages the risks of a company's funds, interest rates, liquidity, and exchange rates. It is understood that "Upward E Enterprise Win" originated from the cash management platform of Shanghai Bank. Since the launch of the cash management platform in 2008, the bank has undergone three generations of upgrades and currently has a fund management scale of over 120 billion yuan, gaining a good market reputation.

Faced with the rapid development of digitalization and the upgrading of customer financial management needs, Shanghai Bank adheres to the three major concepts of "customer-centric, technology-led, and customer-oriented value creation", and has newly upgraded and created a professional treasury management service of "upstream e-enterprise win" to assist enterprises in comprehensive resource management, solve the problems of business visibility, resource coordination, risk control, and decision support, and achieve financial management that is "visible, manageable, adjustable, and well used".

Upward E Enterprise Win adheres to customer-centric approach. It is not a single product, but a comprehensive solution that serves the needs of enterprise treasury management. On the basis of providing standardized service modules, based on the characteristics of the industry, development stage, and management level of the enterprise, provide a suitable treasury management plan for the actual situation of the enterprise; And in the process of serving group customers, through the supply chain finance in the treasury management service system, we serve a large number of small and medium-sized enterprise customers.

Upward E enterprise wins, adhering to technology as the guide. In recent years, Shanghai Bank has vigorously promoted digital transformation, taking online, digital, and intelligent as its path. In recent years, it has successively launched online product systems such as upstream e-chains and upstream benefits, accumulating rich experience for digital service enterprises. Through the financial innovation laboratory and dedicated team, utilizing technologies such as big data, artificial intelligence, blockchain, and cloud computing, we provide support for the construction of the treasury information platform.

Upward E Enterprise Win adheres to the orientation of creating value for customers. By providing excellent treasury management services, promoting the deep integration of corporate finance and business, improving resource allocation efficiency, and helping enterprises create greater value. Internally connect the information and capital flows of enterprises, assist in integrating internal resources, strengthen internal collaboration, and deepen the integration of industry and finance. Externally extending service targets from individual enterprises or groups to the entire industrial chain, ecological chain, and value chain, promoting comprehensive collaborative integration of data, technology, standards, finance, and other aspects.

Shanghai Bank Chairman Jin Yu stated at the press conference that Shanghai Bank has named its treasury management service plan "Upward E-Enterprise Win", aiming to establish a treasury management service based on data interconnection, help enterprises develop with high quality, and work together with enterprises to "break through the waves and achieve a win-win future". In the future, Shanghai Bank will make every effort to gather professional capabilities and create a richer treasury ecosystem service for customers, working hand in hand with enterprises to achieve win-win cooperation.

Building a "1+4+X" comprehensive treasury service system

At the press conference, Zhu Jian, the President of Shanghai Bank, stated that "E enterprises break through the waves and win the future together" carries the vision of Shanghai Bank and all sectors of society to build a first-class treasury with "standardization, intensification, stability, efficiency, and intelligence" through digital operation, digital management, and digital strategy in the new situation and challenges.

With the release of the "Upstream E-Enterprise Win" Treasury Management Service Plan, the bank will create a "1+4+X" comprehensive treasury service system, aiming to provide enterprises with one-stop and three-dimensional comprehensive treasury services through more professional products and ultimate user experience.

"1" represents a one-stop, three-dimensional exclusive treasury service. Different from traditional cash management products that mainly focus on fund settlement and investment and financing management functions, "Upstream E-Enterprise Win" starts from customer needs and experiences, integrates "technology+finance+ecology", and integrates innovative service functions such as centralized fund operation, financial resource coordination, financial risk control, and strategic decision support, helping enterprises achieve the goal of integrated management.

"4" represents the four major service dimensions of "E-view", "E-management", "E-adjustment", and "E-connection". In contrast to the treasury management goals proposed by the State owned Assets Supervision and Administration Commission of the State Council, Shanghai Bank will assist enterprises in planning from four aspects: first, "E-view", by constructing a panoramic view of accounts, allowing enterprises to grasp the full picture of funds in real time and prevent and control fund risks. The second is "E-management", which controls the entire process of fund budgeting, payment and settlement, making the use of funds more reasonable and efficient. The third is "E-adjustment", which helps enterprises coordinate domestic and international, industrial chain financial resources, and improve the efficiency and value of funds by building a fund pool. The fourth is "E-Link", relying on rich advantages in finance, technology, and service resources, providing comprehensive services beyond finance to enterprise customers, and creating a richer treasury management ecosystem.

"X" represents infinite space and possibilities for innovative services. Shanghai Bank will always adhere to the customer-centric approach, adhering to the concept of "smart finance and professional services". On the basis of standardized product services, it will adapt to the needs of enterprises in different stages and industries, empower the construction of the treasury platform with technology, enhance the experience with differentiated services, and enhance the efficiency of enterprise management through resource integration, continuously outputting the wisdom of Shanghai Bank to enterprises.

It is reported that in order to continuously improve the depth and breadth of treasury management services, Shanghai Bank has established a professional service team to provide better services to enterprises at different stages of development with richer products and better customer experience. Together with the academic community, we aim to establish industry university research cooperation in the field of treasury management services through more open and close communication and cooperation.

At the press conference, Shanghai Bank also reached cooperation intentions with China Railway 15th Bureau, Tunnel Engineering Co., Ltd., Dingdong Maicai and other group enterprises for treasury construction; And we have reached an intention to establish innovative cooperation in treasury solutions with Shanghai University of Finance and Economics and East China Normal University, further increasing joint innovation efforts in relevant fields, and effectively transforming advanced research achievements in academia into professional service capabilities for enterprises.

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