Bank of Taiwan’s corporate financial management system (CMS) provides customers instant information about the company’s financial situation to achieve efficient financial management and capital allocation, and establish a complete corporate financial ERP system. CMS can be applied in multi-company corporate financial center to improve the speed and flexibility of capital allocation. The electronic processing format offered by Bank of Taiwan will improve the corporate operating efficiency, enhance the quality of financial management, and lower the operational risk and idle cost. Incorporating the powerful information system and Internet functions will enable the companies to maintain a consistent corporate accounts and bank accounts, achieve the best capital utilization and lower operational risk.

The CMS of Bank of Taiwan has the following features

Voucher Management:

Provide invoice and receipt management of purchases and sales, and linkage function of advance payment and collection items. The opening of invoices, business tax declaration or 401 declaration report can be fully computerized.

Write-offs of Accounts:

Customers will be able to complete the write-offs of accounts receivables and payables quickly and correctly. There is no need to deal with this complicated work manually any more.

Payment Management:

Capital allocation is always troublesome to the financial personnel, no matter whether it is account transfer, electronic processing of remittance, automatic calculation of remittance service fees, batch-opening of checks, electronic processing of check collection, or write-offs of accounts. With the electronic data provided by the Bank of Taiwan, the work can be efficiently done by computer.

Financing Management:

Customers can use the data provided by the CMS system to apply on-line at the e-banking site for accounts receivables/payables financing and notes receivables financing services.

Financial Report Analysis:

Customers can use the CMS system to correctly predict the capital requirement of the account. In addition, with the help of automatic write-off functions, the list of bank transactions will be able to be generateds very quickly. The system can also analyze for the customers the cost of foreign exchange differences of their foreign currency accounts.