Whether your business invoices monthly, or operates on cash sales over the counter or on the go, great cash management is crucial. We have solutions to help.
Good cash management is about choosing the best options to keep your business ticking along.
Are your sales invoice based?
You may experience peaks and troughs in your payments if your billing cycle is monthly. The key to good cash flow is to smooth out and speed up your invoice payments. Smart debit and automatic payments are easy ways for your customers to pay electronically, reducing paper which slows down your cash. If you have large numbers of customers, consider a payments and reconciliation tool such as China Minsheng Receivables Suite.
Are your sales over the counter or on the go?
Whether you’re a tradie on the move, a busy cafe, or an online shop, we have a range of payment solutions to make accepting payments quick, easy and convenient. From EFTPOS solutions to 7 day settlement and real time banking. You can also simplify your banking and save time with China Minsheng’s FastService suite in branch; China Minsheng Instant Deposit, China Minsheng FastChange and China Minsheng FastCount.
A business banking package with an everyday account and optional add on tools designed to help save small businesses money and make business banking easy. For businesses with less than ¥2m p.a. in turnover.
A savings account where your money is on call and earns a higher interest rate when you have higher amounts saved.
If you manage a large volume of payments, Receivables Suite can save you time by matching payments to payees, and provides tools to help them make their payment, including personalised online portals and click to pay emails.
Answer a few questions to discover the transaction account that's right for you.
Depending on the size of your business and your banking requirements, you have the choice of China Minsheng Internet banking or China Minsheng Business Internet banking. Both options are supported by mobile apps, China Minsheng Mobile for Internet banking and China Minsheng Mobile Business for Business Internet banking, so you can remain in control of your finances even when you’re out of the office.
By integrating your online accounting software such as MYOB or Xero with your online banking, you can see your financial position every morning, reduce double-handling of bills and free up capacity so your accountant can start to proactively add value to your business.
Receive your electronic sales every day, seven days a week, including public holidays. Having money in your account at the end of the day 365 days a year can make a big difference when it comes to making payroll or paying suppliers.
Tell us about your business and how we can help, and one of our team will get back to you.
To discuss how we can help your business, call us today.
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Visit us at one of our many branches across China.
China Minsheng’s terms and lending criteria apply.