SME and Commercial Banking - Chain Management

Chain Management


In today's competitive market place, effectively managing cash flow can make a difference between success and failure. SMEC offers a wide range of collection and payment services to meet your complex chain management needs through effective utilization of our wide-span distribution footprint. We help you manage payments received from your buyers and made to your suppliers by efficiently processing them to optimize your cash flow position and to ensure the effective management of your business' operating funds. The flow of receivables and payables can also be seen through our customized and tailored solutions. Above all, our quick adaptation of the latest technology differentiates us from the other competing banks. At SMEC, we offer you a complete range of chain management solutions. Our chain management solutions are there to support you through:

Online Real-Time Funds Transfer
SMEC has deployed a new online real-time funds transfer system which enables an instantaneous transfer of funds, speeding up the flow of money, and enabling more efficient utilization of your financial resources with businesses and individuals. It’s an online, real time and a secure system that is now being used by all the customers for electronic payments made on accounts of their customers or on their own account.

The processing and settlement of such transactions takes place in real-time, online mode, with final and irrevocable intra-day settlement. This means that anyone, whether an individual, a business organization or a bank itself, can make electronic payments to whomsoever they like, with the value of such payments received almost instantaneously, as against two to four days previously.

A Wide network of Branches
Our wide network of branches enables us to collect, maintain, and disburse your funds in a way that minimizes the risk of misuse, maximizes profitable cash flow, and supports your operations and mission.It helps us to deliver you better services but also to reach remote customers. Through an extensive branch network in today’s scenario, chain management results in:

Significant savings in time, decrease in interest costs. Less paper work & greater accounting accuracy. Quick business transactions with no hassle Creates more control over time & funds. Provides timely access to information. Results in faster reconciliation. Earns interest income or reduces interest expenses. Allows Corporations with subsidiaries worldwide to pool everything internationally so that the company can offset the debts with the surplus from various subsidiaries. The end result will transform treasury function as a profit centre by optimizing cash and putting it to good use.