BUSINESS FINANCIAL MANAGEMENT

Helping you plan ahead for a stress-free business

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

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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

Create e-invoice

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.

Collection reminders

Track & get insights to customers' payment patterns and behaviours to anticipate any repayment issues.

Account payable

Consolidate bills

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.

Automatic reconciliation

Spend less time in trouble-shooting payments & collections errors.

Analyse & Make Smarter Decisions Based on Data

Masterful Trends Analyst

See your past, present and upcoming inflows & outflows. It's like having a masterful trends analyst that can help with providing more insights 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.

Real-time data

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.

WHAT CUSTOMERS SAY

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

“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.