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Plan Implementation Effect
● The enterprise issues IC cards for the ticket sales in highways, county-level roads and public traffics, and requires the bank to be commissioned to sell IC cards and transfers the funds from selling cards to the appointed account. Meanwhile, the enterprise requires the bank to feed back the detailed information about the IC card sales to the enterprise in accordance with the required format.
● As to cash collection, the pikes and the ticket incomes of vehicles and public traffics of highway companies and subordinate toll station (gate) shall be entered into the account in time.
● The enterprise requires the bank to offer onsite collection service, and realizes onsite collection even in the areas in where the bank has no branch.
● The enterprise conducts the united payment for the daily expenses of the branches and the swages of the employees in the provinces, so it requires the bank to offer convenient payment channels.
● The enterprises requires knowing the detailed information about the incomes and expenses of the branches so as to separately check the account of every branch and the detailed information shall including the relevant information of every road section and every public traffic route.
Analysis on Demand of Cash Management
● The client needs to carry out the centralized management on the fund following the principle of "separation of expense from income".
● The client requires onsite collection service.
● The client requires the bank to be commissioned to sell IC cards that are to be used in charging of highways and county-level roads as well as selling tickets of the public traffic.
● The client requires the bank to offer payroll payment service and daily rendering account service.
● The client needs to know the detailed information about the incomes and the expenses of the different branches.
| Client demand analysis |
| Fund collection, separation of expense from income |
| Collection service |
| IC Card commission sales |
| Payroll payment service and daily rendering account |
| Checking account service |
Cash Management Solution
ICBC's Cash Management Solution is divided into 5 sub-solutions: fund collection and "separation of expense from income" sub-solution, onsite collection service sub-solution, commission sale IC card service sub-solution, payroll payment service and daily rendering account service sub-solution as well as information service and account checking sub-solution.
| Solution |
• Establish centralized fund management account system
• Automatic collection of income account
• Planning appropriation, enhance supervision and management
• Onsite collection
• Fixed debit
• Business POS
• Prompt link
• IC Card commission sales
• Financial POS
• Multi-channel enquiry
• Checking account service |
| Fund collection, separation of expense from income |
| Collection service |
| IC Card commission sales |
| Payroll payment service and daily rendering account |
| Checking account service |
1. Fund Collection and "Separation of Expense from Income" Solution.
The enterprise and its three branches establish special income and expenditure accounts respectively so as to realize the management of "separation of expense from income".
2. Collection Solution
ICBC offers various collection services like onsite collection, fixed debit, prompt link, IC Card commission payment and business POS to meet the demands of the enterprise in various daily collections.
3. IC Card Commission Sale Solution
With large network, ICBC offers IC Card commission sales services to the enterprise.
4. Payroll payment service and Internal Rendering Account Solution
Through Internet Banking VIP room and financial POS, it can meet the demand on various payroll payment services and rendering account within the enterprise.
5. Information Service and Checking Account Solution
ICBC offers multiple channels to help enterprise timely, accurately and fully know the balance and detailed information of the account in time.
Plan Implementation Effects
| Plan Implementation Effects |
| Beofore implementation |
After implementation |
| • The statements are decentralized and difficult to be controlled
• The funds are decentralized, inactive in some aspects and short in some aspects
• The payments are decentralized and difficult to be effectively controlled
• The collection are decentralized with long period of funds in float
• The account information is lag behind and incomplete |
• The statements are centralized and easy to be controlled
• The fund management are centralized with efficient transfer of cash position
• The payment are appropriated in line with plan with centralized management and control
• The collection are timely so as to enhance the efficiency of the funds
• The account information is timely and complete |
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