Hierarchical Security Control Solution for Financial Cash Management

How to control financial risks has been a major headache for a financial manager particularly when he or she is faced with tedious day-to-day financial work. The China Merchants Bank’s On-line Corporate Banking service now offers the Hierarchical Security Control Solution for Financial Cash Management service, which sets a flexible hierarchical examination and approval system and limits of authority on the amount of expenditure, in line with the nature of various businesses in an enterprise. An enterprise can customize the service based on its own financial management modes, and configure in a scientific way a cash management team for efficient and safe cash management. This particular service converts the soft constrains by which individuals perform their duties according to set rules to hard constrains by which the duties are performed under the supervision of a computer system.

Multi-level Reconfirmation
The system supports business execution and three levels of reconfirming authorizations, conveniently associated to management functions like officers in charge of reception and payment, accountants, financial managers, financial directors (general managers), and realize all sorts of financial operation modes.

Free Reconfiguration
An authorization mechanism has been adopted for service management; unique authority combinations are configured for each range of value in transaction.

Cash Flow Direction Security Control Solution
In practical financial management, an enterprise often needs to strictly control the use of its cash and limit direction of its cash flow. The China Merchants Bank' s "Cash Flow Direction Security Control Solution" locks on the direction of cash flow and assures your cash security through payment limits in its On-line Corporate Banking service.

Configuration in Advance, with Flexible Updating

1.	Input in advance the name of legal beneficiaries and their addresses, and design in advance the channels for cash flows.
2.	The configuration of names and addresses of the beneficiaries is only accessible to specific persons with full authorization, with protection from unauthorized alteration to guarantee accurate details for settlement.
3.	Names and addresses of the beneficiaries can be updated anytime with simple and flexible operations.

Many Combinations with Wide Applications

1.	Exclusive beneficiary accounts can be set for the need of recovering payment for goods;
2.	Associated corporate accounts can be set for the need of managing internal financing within a group of companies;
3.	Current corporate accounts can be set for the need of managing frequent procurements.

System in Control for Clear Direction of Cash Flow

1.	The computer system automatically acts upon the pre-set program to control the directions of cash flow.
2.	Clients can make real time inquiries through On-line Corporate Banking service, and stay informed of the direction of cash flow as well as log of transactions.

Mobile Office Solutions for Financial Cash Management
With an increasingly globalized economy, group corporations with trans-national and trans-regional operations are in greater need of remote financial management on cash manipulations. The application and popularization of the Internet and digital certification have made it possible for mobile office in corporate financial management. The China Merchants Bank' s On-line Corporate Banking service has adopted digital certification, which makes it safer, faster, and more extensively applicable.

Safer

1.	Digital certification card is adopted for system log-in to prevent risks from divulging username and password.
2.	Key transactions involving cash movement require digital signature to avoid risks from unauthorized access.

Faster

1.	Higher speed for batch order processing;
2.	According to operational requirements, one person with a card can assume management jobs for several accounts with enterprises in different regions.
3.	Clients are allowed to directly log into the On-line Corporate Banking service through the China Merchants Bank’s website to process their interactions.

More extensively applicable

1.	Standard digital certificate reading devices and protocols.
2.	Internationally accepted technological standards for digital certificates, widely adopted for ID verification in banking services and e-business.
3.	Supports ID verification through LAN and proxy server.