Technology Consulting Service
BankLink™
Enable Secure Digital Payments with your Accounting System
BankLinkTM works with any accounting systems to process digital payments and collections through internet banking or GIRO. Enhance finance ERP digitalisation and simplify Bank integration by integrating accounting (AR and AP) processes between your business and the Bank to eliminate the need to manually deal with paper payment vouchers or cheques. This also helps you save on cheque processing costs.
Make Digital Payments Confidently and Efficiently in 4 Simple Steps
Compatible with any ERP software | Multi-bank integration
Staff inputs AR / AP transactions into the accounting system
Higher productivity, One time entry, Streamlined process |
Approver verifies and authorises the transactions
Enhanced internal controls: Minimise scams |
BankLinkTM generates encrypted Bank's file for internet banking
Securely approve payments |
Staff uploads Bank's file. BankLinkTM updates the accounting system
Cost-effective, reduce processing costs |
BankLinkTM works with:
DBS | OCBC | SCB | HSBC | UOB | Maybank | CIMB | Amex | ABN AMRO | Mizuho | Sumitomo Mitsui | Bank of Tokyo | Westpac | BNP Paribas | JPMorgan | ANZ | Citibank | Bank of America
Happy SMEs
“Our employee productivity is much higher today; the same number of employees can handle a bigger volume.”
F&B Chain with 11 Brands
Happy SMEs
“Our AR and AP processing time was cut down from a day to less than a minute. We have peace of mind with standardised internal controls. Now, every transaction is secure and tracked so there will be no scams.”
Independent Education Institution
The Monetary Authority of Singapore (MAS) sets out plans for Singapore to be cheque-free by 2025. As corporate cheques phase out: What does it mean for businesses?
Phasing out cheques is not endgame for businesses – instead, this curtain call would open three more doors for you.
- Significantly reduce expenses associated with cheque processing
Since 1 November 2023, the Domestic Systematically Important Banks (D-SIBs) have implemented charges for clearing cheque issued by both individuals and corporates, while other banks will do so by July 2024.
- Enjoy near-instant payment and receipt of funds
What would normally take about 2 to 3 business days to process can be done in minutes. Manhours previously spent on administrating cheques can now be meaningfully redirected to other work areas.
- Do your part in saving the earth
Go paperless. A business’ green efforts – from its supply chains to financial practices – may influence today's more earth conscious customers to support your company.