BUSINESS FINANCIAL MANAGEMENT

Helping you plan ahead for a stress-free business

BUSINESS FINANCIAL MANAGEMENT
Why you will love this

Seamless invoice and expense management, making account receivable and account payable effortless

Real-time access to all your business accounts for cash flow planning

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

WHAT IS BUSINESS FINANCIAL MANAGEMENT?

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.

MANAGE INVOICES AND EXPENSES SMOOTHLY

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.

Account Receivable
Account payable
Analyse & Make Smarter Decisions Based on Data
WHAT CUSTOMERS SAY

Blossom Bees

Blossom Bees

“Using Business Financial Management (BFM) helps to track the payments made from customers, so that I am able to manage my cashflow and production timeline better. BFM also helps with my simple accounting needs with the auto-reconciliation function. I managed to cut down the time and effort taken to match the invoices to payments by more than 90%, and have freed up a lot more time for other productive work.”

British Education Centre

British Education Centre

“The tracking of payments allow for timely and accurate tracking of cashflow. In addition, the seamless integration of the auto-reconciliation function between the transactions and invoices enhances the efficiency in matching the payments, resulting in manpower required and time taken reduced by more than 50%.”

ADDITIONAL INFORMATION

Eligibility requirements

Available and free to all OCBC Business Banking customers on the “Standard” or “Classic” Velocity Service Package.

For customers on the "Basic" or "Flex" Velocity Service Package, kindly reach out to your Relationship Manager or call us at +65 6922 3199.


Terms and conditions


Video tutorials

Need more help? Watch our tutorial videos.

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