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- SMBC has a combined network of 1,900 branches and ATM centers throughout Japan.
- SMBC's Electronic Banking (EB) System is in use by more than 25,000 companies throughout Japan.
- Patent approval by the Japanese Patent Office for Our 'Perfect' Receivables Reconciliation Service.
SMBC offers a comprehensive spread of cash services including:
- Real-time Account & Market Information
- Cash Management Tools
- Cash Position Management
- Zero/Target Balance
- Multi Bank Sweep
- Payments Management
- Batch Transfer
- Payroll
- Electronic Tax Payment
- Utility Payment
- Receipts Management
- Receivable Reconciliation ("The Perfect System")
- Petty Cash Collection
- Credit Card
- Direct Debit
- Foreign Currency
- Domestic Foreign Currency Denominated Wire Transfer
- Cross Border Wire Transfer
- Multi bank Reporting Services
- Mortgage Loan Service for Staff
- In-House CD
- Cash Card with Staff ID card function
- Staff Deposit
- Payroll Calculations
Due to the uniqueness of the Japanese market, SMBC has particular strengths in the above services which are highlighted in red.
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| Automated Receipts Reconcilliation - "The Perfect System" |
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- SMBC's automated receipts reconciliation solution, the 'Perfect' System, is the only patent holding automated reconciliation solution in Japan.
- Perfect will help you reduce exception items and speed posting, eliminating the need for time-consuming research and manual applications to your accounts receivable system.
- Perfect is an essential tool in dealing with the Japanese language specific issue of homonyms.
- SMBC issues you, say 10,000 'virtual' account numbers, which you will allocate to your customers.
- You instruct your customers to transfer the funds to each of the earlier allocated 'virtual' account.
- Funds transferred to each 'virtual' account are automatically swept into your main account on a real-time basis together with any relevant wire transfer data.
- By using our electronic bankings services, you will have access to wire transfer data, thus allowing you to speed up your receipts reconciliation process.
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