Business Internet Banking Channel

A service that facilitates the billing process by debiting funds from multiple accounts simultaneously through an online system (applicable to accounts held at Bank Danamon and other banks).

• Auto Debit
  A facility for debiting several accounts simultaneously by uploading data of accounts to be debited into Danamon Cash Connect system. These accounts must already be registered in Danamon Cash Connect.
• Direct Debit
  A facility for debiting funds from multiple external bank accounts simultaneously using BI-FAST, by uploading the account data to be debited into the Danamon Cash Connect system. The accounts to be debited are registered through the E-Mandate Direct Debit BI-FAST feature.
• Cash Pooling
  A facility for concentrating excess funds from several accounts (Sub Accounts) into one account (Main Account). This is normally done to manage liquidity and get a higher return.
• Cash Distribution
  A facility for transferring funds from one account (Main Account) to several other accounts (Sub Accounts), which are typically used for the company’s daily operational activities.
• Range Balance
  A facility for maintaining the balance of certain accounts within a specified minimum and maximum range. The deficit/surplus from each account shall be taken from/transferred into one account (Main Account).
• Balance Transfer
  Used to initiate balance transfers to a list of recipients.

Virtual Account

• VA Report
  Feature to display VA reports, information displayed such as VA register, paid, or delete
• VA Reconciliation
  Feature to reconcile VA report data with account statement data, to display information status that is not paid, but has notification of incoming funds or vice versa
• VA Account List
  Feature to add and delete VA data by list (pick list)
• VA Upload
  Feature for VA upload, to add, and delete VA data in bulk via upload

To increase its competitive advantage in the banking world, Bank Danamon develops strategic and effective solutions that can meet the needs of consumers, especially supply chain financing.

As one of the national private banks that focus on supply chain financing solutions, Bank Danamon re-launches the Financial Supply Chain module within Cash Connect packed with additional features and improved user experience.

FSC within Cash Connect is Bank Danamon’s end–to-end solution with advanced features. It is designed to support and enhance the business capacity of an ecosystem which consists of Principals, Distributors, and Suppliers.

Benefits of FSC module for supply chain ecosystem are as follows:

1. For Principals/Anchor
   • Enjoy guarantee payment on maturity date
   • Shift billing and administrative functions to FSC module
   • Able to control and monitor FSC transactions, including to download report showing status of each transaction
   • Able to focus on increasing sales capacity
2. For Distributors
   • Simple credit process
   • Enjoy flexbile of payment
   • Enjoy additional terms of payment with credit facilities provided by the bank
   • Enjoy a more competitive collateral requirement
   • Able to focus on core business
3. For Suppliers
   • Simple credit process
   • Enjoy guarantee payment on maturity date

Features included in the Financial Supply Chain (FSC) module include:​

• Single Invoice

  Feature for customers to create single invoice transactions directly through the entry screen in Danamon Cash Connect.

• Invoice Upload

  Feature for customers to perform transactions by bulk uploading invoices through Danamon Cash Connect eature that allows customers.

• Invoice Cancellation

  Feature for customers to cancel invoice transaction in Danamon Cash Connect before the disbursement can be made.

• Invoice Confirmation

  Feature for customers to do manual confirmation of invoices transaction in Danamon Cash Connect before the disbursement can be made.

• Invoice Status

  Feature that provides visibility and monitoring of invoice status recorded within the customer's business ecosystem in Danamon Cash Connect, both from the Principal and Distributor perspectives.

• Early Collection Service

  A feature available on the Danamon Cash Connect (DCC) Channel that allows Anchor Customers to request accelerated disbursement of invoices that have been uploaded and confirmed on DCC before the due date.

• Invoice Collection Services

  A scheduled debit service for checking accounts without the Customer's facility according to the billing date (invoice due date) in Danamon Cash Connect. This service can be supplemented with the use of a Bank Guarantee as the basis for uploading invoice transactions made by the Customer in Danamon Cash Connect.

• Comprehensive Notification

  A comprehensive notification feature for all DCC transaction processes. This feature aims to provide transparency, control, and rapid response to any changes in invoice status.

Account Portfolio
Facility for downloading Available Balance from all accounts (Saving, Current, Time Deposit and Loan) including details of each account. With this facility, you can get up to date account balance information.

Account Statement
Facility for monitoring your daily transaction activities, up to the last 90 days, and downloading your monthly statement. You have the convenience of getting transactional history without waiting for physical delivery from the bank.

Advice Printing
It is an advice/receipt/receipt/debit or credit receipt that can be sent to customers for transactions that have been made.

Document Printing
It is an advice/receipt/receipt/debit receipt specifically for FCS feature transaction that can be sent to customers.

Exchange Rate*
Information on foreign currency exchange rate against Rupiah (Bank Notes and TT).
*Information on Exchange Rate in Danamon Cash Connect is only indicative from the actual quotation or rates and Bank Danamon preserves the right to change the rates at any time without prior notice.

Transaction History
Records of all activities conducted through Danamon Cash Connect, including successful transactions and user activities. This facility can be used as the company’s audit trail.

Auto Account Registration
Automatic addition of Danamon customer accounts to one registered CIF if there is a new account/changes in Core Banking without any manual process. Only applicable for customers who choose the auto-synchronize method during DCC registration. Accounts on DCC can be automatically set up by Sysadmins.

H2H Upload Report
Menu that displays the host-to-host upload information report.

Limit Availability Report
Functions to display information on fund availability, limit amount, usage amount, and facility expiration date for distributors registered in a community.

Corporate Non-Financial
Menu that displays reports on non-financial transaction information.

Corporate Financial
The menu displays reports on financial transaction information.

Aging Report
The menu displays a report on invoice age information, to invoices that are due at a certain time/period.

Host to Host (H2H) Support
It is a service that uses a system between servers that are connected to each other directly/STP.