To better serve the small and medium-sized enterprises, ICBC recently launches Corporate Internet Banking Online Financial Management Software Services, therefore becoming the first Chinese bank to offer such services to the market. According to professionals, this is an innovative measure for ICBC to integrate the resources of different industries and accelerate product innovation, so as to provide its corporate clients, in particular the small and medium-sized enterprises, with all-dimensional financial services and to promote their development.
It is introduced by ICBC that the newly launched Corporate Internet Banking Online Financial Management Software, which is based in internet browser operation, was jointly developed by two financial software companies, UFIDA and Kingdee. Embedded in the ICBC Internet Banking system, the software is equipped with abundant functions, such as capital management, accounting, financial analysis, as well as purchase, sales, and inventory management. Therefore, it can provide enterprises with professional, convenient, integrated and effective banking and financial services at any time and any place, and for that matter, enhancing the management capability of the enterprises. The software adopts the internationally most advanced SaaS (Software as a Service) Model, which is featured with strong functions, simple operation and low operation cost, and consequently, it particularly caters to the small and medium-sized corporate clients.
ICBC's official who is responsible said that ICBC regards it as its social responsibility to provide small and medium-sized enterprises with high-quality financial services. Meanwhile, to develop financial services of small and medium-sized enterprises is also part of ICBC's strategic choice for its own development, and it will continue its innovation of financial products and services for those enterprises. The current Corporate Internet Banking Online Financial Management Software, which is customized for the small and medium-sized enterprises, not only expands the scope of ICBC's Internet Banking services, but also takes the lead in China for domestic banks to offer online financial management services to corporate clients.
The Corporate Internet Banking is an important channel for ICBC to provide corporate clients with top-quality financial services. Since ICBC launched its Corporate Internet Banking in February 2000, it is constantly enhancing the endeavor of product R&D and innovation oriented by client needs, yielding fruitful results of a series of world-class products and services. Currently, the ICBC Corporate Internet Banking offers services of 18 categories, including account inquiry, transfer and remittance, bank-enterprise reconciliation, wage distribution, ICBC Messenger, online tax payment, online financial management software, corporate finance, investment and wealth management, and bill custody, all of which can be further divided into 160 personalized financial services. Meanwhile, ICBC has also forged a comprehensive Corporate Internet Banking service system which consists of the standard edition, the small and medium-sized enterprise edition, the general edition, and the bank-enterprise interlink, so as to meet the personalized demand of different types of corporate clients. As a consequence, ICBC has played an indispensable role in improving its corporate clients' capability of financial informatization, and enhancing the effectiveness as well as reducing the cost of capital operation.
By the end of 2008, ICBC was already in possession of 1,440,000 clients of Corporate Internet Banking, with the trade volume surmounting RMB 120,000 billion. Along with the rapid development of businesses, the ICBC Corporate Internet Banking has also attained high evaluation in the banking industry and wide recognition from clients. It has won many awards, including the "Best Investment Management Corporate/Institutional Internet Bank in Asia" by Global Finance (U.S.), the "Global Award of Internet Banking Application Innovation" by The Banker (UK), the "Best Corporate/Institutional Internet Bank in China" by CFCA, etc.