The construction of the treasury has not only the source of digitalization, but also the guidance and escort of national policies.
The tide is flat and the shore is wide, and the drums are beating to urge. Under the guidance of the No. 1 document of the State-owned Assets Supervision and Administration Commission of the State Council "Opinions on Promoting Central Enterprises to Accelerate the Construction of Treasury System and Further Strengthen Fund Management", central enterprises have comprehensively accelerated the pace of treasury construction.
After two rounds of acceptance in 2023 and 2024, the treasury has moved towards a new direction of financial digital intelligence, and the construction of the treasury system has become an important support for enterprises to realize the digital transformation of finance and the modernization of capital management.
At the same time, starting from the central enterprises, it has become an inevitable trend for the treasury construction to gradually sink to the state-owned enterprises in various provinces and cities.
Bearing in mind its mission, Bank of Ningbo, as a national systemically important bank and one of the world's top 100 banks, is committed to playing a professional role, serving the "great man of the country" with the power of finance, and empowering the high-quality development of the real economy.
In order to help central state-owned enterprises achieve the goal of "visible, manageable, mobilized and well-used", Bank of Ningbo has established a treasury team of senior experts in the bank based on customer needs, market trends, and industry-leading digital capabilities such as big data analysis, cloud computing and artificial intelligence.
01 | With specialization and refinement, the "five complete" service system escorts the management upgrade
Based on a large number of service experiences such as central state-owned enterprises, large listed companies and leading Internet enterprises, Bank of Ningbo's Kunpeng treasury service plan provides a "five-full" service system of "all-round consulting + full business coverage + full risk management and control + full system openness + full use accompaniment".
Consultation all-round:
According to the different industry backgrounds, system status, business objectives, etc., select and match experts to form a consulting team to provide consulting services covering the top-level design of the treasury management system, organizational structure, internal processes, system system, system planning, etc., form a comprehensive solution, and follow the project construction process throughout the process to ensure the realization of the effect from consultation to system implementation.
Full business coverage:
It provides five treasury business solutions of "easy account viewing, easy transaction management, easy resource adjustment, easy financing of funds, and easy chain of merchants", covering account management, settlement management, bill management, overseas account management, capital plan management, centralized fund management, investment management, financing management, bond issuance management, supplier management, receivables management, supply chain management and other business solutions, fully covering the world-class treasury construction of the SASAC and further expanding its extension.
Full risk control:
Condensing more than 20 years of risk management experience of Bank of Ningbo, relying on the professional risk control platform of Fengyu Intelligent Control, we have divested a risk management solution suitable for enterprises, covering capital, merchants, trade, internal control and other fields, helping enterprises quickly establish a new risk prevention and control system, realizing the transformation from post-event control to pre-event and in-process control, and changing passive management to active management.
The system is fully open:
Relying on the foundation of the treasury management system, covering the five major business segments and four risk management platforms required for treasury construction, enterprises can select the required modules according to their own construction goals in a "menu" manner, so as to realize the rapid construction of the treasury system.
Use Full Accompaniment:
Bank of Ningbo has established a unique three-level linkage treasury system in the industry, each treasury project is followed up in accordance with the project system, and the project experts and engineers of the special class follow up the project construction throughout the process, respond to the personalized needs of customers in a timely manner, and provide one-stop services such as pre-sales solutions, in-sale demand communication, and after-sales implementation and maintenance.
02 | Empowerment and efficiency, four characteristic solutions support value creation
Many central state-owned enterprise construction treasurers do not start from zero, but upgrade and iterate on a certain basis, and the whole process of service may not be applicable. Is there a lighter way to empower a business?
According to the common pain points faced by central state-owned enterprises, Bank of Ningbo has extracted four characteristic solutions.
Feature 1: One-point access
Global capital visualization is the first step in treasury construction, which not only needs to centrally manage the funds of the group and subsidiaries, but also covers both domestic and foreign countries.
This is the most basic and the most difficult to achieve. Many central state-owned enterprises have been connected to some accounts, but there are still a large number of accounts that are not directly connected, free from the system, and unable to open up the last mile of visualization.
At the same time, centralized settlement is also an important part of the initial stage of treasury construction, how to centralize the global receipt and payment business of the group and its members, and realize the rapid coverage of RMB, foreign currency, bills and other businesses, is also a difficult problem faced by central state-owned enterprises.
Bank of Ningbo's solution is "one-point access". The so-called "one-point access" means that as long as the enterprise treasury system is connected to a set of API interfaces of Kunpeng treasury, it can quickly access all accounts such as domestic, overseas, bank, and third-party payment, and cover various businesses such as RMB, foreign currency, and bills.
No matter how the bank interface changes, it will be adapted and adjusted by the Kunpeng Treasurer, and it will be upgraded without feeling.
【Case 1】The treasury system of a central enterprise uses well-known software, and the first phase of construction has been completed by the end of 2022, and 16 cooperative banks are directly connected through the financial company system, but there are still 543 accounts of 31 banks, as well as 159 accounts of Alipay and WeChat, which cannot realize automatic information collection, and the unified management of the group is extremely inconvenient.
Based on the "one-point access" capability, the Kunpeng Treasury provides the mode of "RPA + three-party channel direct connection" for the group's non-directly connected accounts, automatically captures the full account balance and detailed information, verifies the coherence and completeness of the account information, and outputs it to the treasury system through API to achieve a unified view of the accounts of the whole group in the treasury system.
Case 2: A listed group has realized cross-unit and cross-bank visibility in China through the treasury system, but the management of overseas banks still reports information through manual mail, and the real-time and accuracy of overseas account balances are not high.
At present, it has been connected to four major overseas cooperative banks, including Bank of China Hong Kong and ICBC Hanoi Branch, and MT940 statement messages are sent daily and MT101 payment messages are sent in real time, realizing the visualization of the group's domestic and foreign account funds.
Case 3: A central enterprise finance company originally opened a bank-enterprise direct connection of 12 banks, although the operation has been relatively mature, but with the expansion of the group's merger, the problem is highlighted:
First, the original bill settlement function of the financial company only supports the issuance of financial bills, which cannot meet the growing demand for invoice payment of member units;
Second, if the issuance of bank bills is not connected to the original system, it cannot meet the group's requirements for centralized supervision of bills;
Third, the opening banks of the subsidiaries are many and scattered, and if the workload of docking the bill interface is huge, the group's scientific and technological resources are difficult to meet for a while.
The Kunpeng Treasury of Bank of Ningbo has supported 15 mainstream bank bills, and only needs to apply for opening to complete the functions of billing, endorsement, discounting, inquiry, etc., and the Kunpeng Treasury outputs a unified bill interface, and the group finance company only needs to dock once, and the follow-up can be continuously expanded, which can effectively solve the difficult problems faced by customers.
Feature 2: Financing management
Among the 11 financial resource management measures of the SASAC, debt financing management is covered. It would be best if financing management could automatically obtain data through interfaces, just like treasury management.
However, under the circumstance that banks generally do not open financing interfaces, how to build a financing management system to realize the online management of the whole financing business?
Bank of Ningbo provides a solution of "one-point access to bond information + whole-process management of financing".
【Case 1】A central enterprise implements the construction of the treasury in accordance with the 11 requirements of the State-owned Assets Supervision and Administration Commission, and the overall system function is relatively solid, but there are still pain points in the management of bond issuance.
Bank of Ningbo embeds the investment banking intelligent butler module into the group's treasury system to achieve seamless integration with the treasury system.
At the same time, combined with the needs of the group, two major functions are customized: one is to customize the skin replacement function to match the color matching of the treasury system and make the overall interface color consistent;
The second is the custom cockpit function, the group can create its own cockpit plate, and the concerned plate information can be customized and placed in the cockpit.
【Case 2】A state-owned enterprise in Zhejiang has many financing businesses, and the pressure of data analysis is high. With the upgrade of digital management, the group hopes to achieve online management.
The Kunpeng Treasury provides a closed-loop management plan of "raising, financing, use, repayment and evaluation", which effectively improves the management level of the Group's financing business:
First, through the financing plan, a financing control model is formed that is reported by members and approved by the group, and the business approval flow can be self-configured;
The second is to realize the establishment of the logical collusion relationship between financing, credit, collateral and guarantee through financing registration, and ensure the correspondence of financing pen and pen through OCR, flow identification and other technologies;
Third, through post-loan management, the linkage interest calculation, multi-channel repayment reminder, and multi-dimensional information statistics of LPR are realized, so as to help enterprises manage financing in a refined manner.
At the same time, with the help of the Kunpeng Treasury, the Group processed and analyzed the financing data, and made personalized BI reports, which were displayed on the large screen to make the financing data clear at a glance.
Feature 3: Merchant management
Different from traditional capital management, the scope of treasury management is no longer the enterprise itself, but extends upstream and downstream, which requires enterprises to strengthen the risk management and control of the entire industrial chain.
From the upstream point of view, how to control the risks of supplier access and contract payment?
From the downstream point of view, how to classify the credit rating of customers, clarify the term and proportion of prepayment and write-off of accounts for customers at each level, and prevent illegal advances or disguised advances?
In addition, how to find a comprehensive data source and build a model that can be applied in practice is also a common pressure faced by enterprises.
As the only bank among the A-share listed banks with a non-performing rate of less than 1% for ten consecutive years, Bank of Ningbo has condensed years of experience in the field of risk management to create a one-stop intelligent risk management platform - Fengyu Intelligent Control, to help enterprises realize multi-dimensional risk monitoring such as merchants, trade and internal control, among which merchant risk management is the most widely used.
【Case】According to the requirements of the treasury construction of the State-owned Assets Supervision and Administration Commission of the State Council, it is necessary to effectively control the risks of capital, merchants, trade, etc., and a central enterprise hopes that Bank of Ningbo will provide relevant consulting services due to its lack of relevant modeling experience.
Bank of Ningbo dispatched risk management experts from the bank's treasury team to issue questionnaires and conduct research and interviews on the direction and objectives of the model, past risk cases, data preparation, etc.;
Secondly, according to the results of the interview, prepare risk modeling training materials, and conduct systematic training on how to consolidate the data asset base, the construction of the early warning hierarchy system, the modeling process, and the design and evaluation of the model, so that the group's model construction can be more targeted.
Feature 4: Inquiry and quotation management
When choosing cash management products, enterprises often need to ask the bank for a quote, and generally ask the bank to quote directly on the WeChat group.
There are two pain points in this way: first, the management is inconvenient, and the quotation information is scattered in various WeChat groups, which cannot be managed in a unified manner;
Second, the process is not standardized, and if the inspection team or audit comes to check, it may be questioned because of the reasonableness of the quotation and price comparison.
Kunpeng Treasurer provides a quotation management solution, which makes the inquiry work online, platform-based and automated, realizes the sharing and transparency of inquiry information, and the historical quotation can be queried, analyzed and traced, and can easily cope with inspection teams or audit inspections.
【Case】A central enterprise group has many quotation products and is relatively complex, and hopes to build a quotation management platform integrating release, quotation and statistics.
According to the needs of enterprises, the Kunpeng Treasury tailors the quotation inquiry module, which mainly realizes three aspects:
First, it supports querying all quotation products on one interface and filtering at different latitudes;
The second is to support the review on the bank quotation page, or upload the attachment signed by the leader;
The third is to support the automatic statistics of the bank's active quotation.
Kun will eventually cross the sea, and Pengli will soar to the sky. The construction of the treasury has not only the source of digitalization, but also the guidance and escort of national policies.
The Kunpeng Treasury of Bank of Ningbo, whether it is its five-full service system or the four characteristic solutions, are all sparks that collide in the process of serving customers, with strong replicability, and can be promoted and applied to major central state-owned enterprises, listed companies and leading private enterprises, helping enterprises to better grasp the strategic opportunities of treasury construction and a new journey of Pengtu.
Adhering to the vision of "taking advantage of the trend of treasury upgrading and iteration to help the development of Kunpeng of enterprises", Kunpeng Treasury is guided by the needs of enterprises and creates value for enterprises, which will surely help enterprises to accelerate and achieve new leaps on the road of first-class financial system construction.
Source: China Chief Accountant Magazine (September 2024 Issue 254)
Note: The data is derived from public disclosure and does not constitute any investment advice, investment is risky, and you need to be cautious when entering the market.
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