Emirates NBD has rolled out its next-generation global corporate banking platform, ‘businessONLINE’.
The platform delivers a full suite of cash management, trade finance and liquidity management solutions to the bank’s clients – ranging from small and medium sized businesses to large corporations and government institutions.
businessONLINE allows clients to undertake cross-border transactions seamlessly, access a consolidated view of their balances across regions and currencies, and make the most of tailor-made advice for their business needs.
The aggregation model provides businesses one-stop access to several banking products. The Enterprise Resource Management (ERP) solution allows businessONLINE to support all operational requirements of small to medium sized businesses. It enables them to stay on top of their operations and cash flow through a suite of services that covers accounting, sales, inventory, purchasing, CRM and more.
The omni-channel platform offers a superior client experience formulated through co-creation with more than 3,000 corporate and business clients. Among its key features is a widget-based dashboard that provides contextual and relevant information to corporate treasurers including net position, accounts summary view, FX positions, facility utilization, exchanges and interest rates.
Ahmed Al Qassim, Senior Executive Vice President, Group Head, Corporate and Institutional Banking, Emirates NBD, commented:
“businessONLINE positions Emirates NBD at the vanguard of corporate banking, As the region’s digital banking leader and trusted provider of smart business-friendly solutions, we are pleased to support our corporate and business clients with a single-window, seamless, secure and agile platform to support all their banking needs, across geographies.”
Al Qassim continued,
“The platform has been built based on extensive user feedback and incorporates ERP business solutions from SAP to create an offering that truly responds to our clients working capital management requirements, in addition to supporting the UAE’s drive towards digitisation in all aspects of business.”
Robert Cummings, Global Head of IBU Financial Services, SAP, commented:
“Amid the challenges of COVID-19, Emirates NBD continues to demonstrate global best practices in how banking and financial firms can leverage digital transformation to enhance business processes and customer experiences,”
“And now by providing SMEs with the innovative SAP Business ONE solution, Emirates NBD’s customers can enhance their operations, gain full visibility across business functions with real-time insights, and scale up for the next wave of digital innovation.”
