BUSINESS FINANCIAL MANAGEMENT
Helping you plan ahead for a stress-free business
Seamless invoice and expense management, making account receivable and account payable effortless
Real-time access to all your business accounts for smart cash flow forecasting
Simple, intuitive and stunning visualisation of your past, present and future cash flow position
Good business financial management can better position your business to deal with unexpected changes and capitalise on opportunities
Good business financial management is the ability to see red flags and avoid pitfalls in your business. To achieve this, robust cash flow management is critical.
Cash flow is the lifeblood of any business. Many businesses that fail cite lacking clear visibility to their business financials leading to poor cash flow management as the reason.
Cash flow management is an essential process of tracking and analysing invoice management (AR) and expense management (AP). Knowing the 'highs and lows' and 'ins and outs', you can work out how to achieve a positive cash flow position, know when you need additional funds to cover a shortfall, or decide when to invest the extras for growth.
See how Business Financial Management can help your business
Our Business Financial Management capabilities are integrated into OCBC Velocity^, your digital business banking platform. With intuitive and stunning data visualisations, we give time-starved businesses quick access to a complete view of their business finances. This is flexible and useful for businesses at all stages, from start-up to growth.
First bank in Singapore to integrate Business Financial Management capabilities in digital banking+
Seamless experience where you can easily reconcile all your business transactions and see an up-to-date view and complete picture of your cash flow.
Track & get a 360° view of your business finances
E-Invoicing: Make account receivable (AR) and account payable (AP) management effortless and handle end-to-end payment cycles for your business.
No need to use manual spreadsheets or subscribe to invoice generation tools. It's free to use!
Build customer and goods & services database
Save time when creating subsequent e-invoices.
Invoice status at a glance
Get notified when a collection is due and view your invoice status as 'overdue', 'paid' or 'pending' in a glance.
Spend less time in trouble-shooting payments & collections errors.
Track & get insights to customers' payment patterns and behaviours to anticipate any repayment issues.
Receive and record bill invoices from your suppliers.
Get bill alerts
Get alerted on bill payments to avoid late charges and make payment directly from your business account.
Billing status at a glance
View your bills status as 'overdue', 'paid' or 'pending' in a glance.
Business Fortune Teller
See your past, present and future* inflows & outflows. It's like having a 'business fortune teller' on your cash flow position.
Intuitive and easy to use
Your data is organised through simple, intuitive and stunning visualisations, making it easy for you to read and act upon.
Get real-time access to all financial accounts, see all accounts, or deep dive into a single account.
Make it yours
Personalise your view. See all accounts together or deep dive into an individual account. You can also choose either cash flow or balance view along with currency type and period.
Income and expense planning
Keep your business expenses under control and not be caught in a negative cash flow positions.
Grow your business
Make provision for opportunity of growth or contingency.
Available and free to all OCBC Business Banking customer
For customers on the "Basic" or "Premium" plan, kindly reach out to your RM or call us at +65 6922 3199 to request for activation of the features of Business Financial Management.
Terms and conditions
*Future cash forecast will become available in Q4 2020.
^Business Financial Management capabilities on OCBC Business Mobile Banking app to be available soon.
Experience it on OCBC Velocity
Asia's Best Bank for SMEs 2019
Asean SME Bank of the Year 2019
Asian Banking and Finance
Asian Banking and Finance
Singapore's Best Bank for SMEs 2019