Cash Concentration

Cash Concentration

What is Cash Concentration at Kopra by Mandiri ?

Cash Concentration at Kopra by Mandiri is a service that allows customers to manage liquidity centrally through Cash Pooling (collecting funds from various sub-accounts), Cash Distribution (redistributing funds as needed), Range Balance (maintaining sub-account balances within set limits), and Virtual Account (VA) to manage virtual current account sub-accounts on Mandiri Smart Account. Thus, companies can allocate funds, record and identify transactions efficiently and transparently.

Who are the target users of the Cash Concentration service?

The characteristics of the target users of the Cash Concentration service are:

  • Kopra Cash Management customers who have several accounts that want to be used as child accounts for the Cash Concentration scheme in the Account Group in sysadmin

What features and benefits are available with the Cash Concentration service?

Features

  • Cash Pooling: facilitates the consolidation of funds from multiple child accounts to one main account automatically and in real-time.
  • Cash Distribution: facilitates the distribution of funds from the main account to the child accounts.
  • Range Balance: Manage child account balances by setting minimum and maximum balance limits that will automatically trigger the transfer of funds to or from the main account.
  • VA Management: Provides virtual account management including scheme creation, Mandiri Smart Account issuance and card request for transaction monitoring and control purposes.


Benefits: 

  • Facilitates efficient centralised fund management with easy allocation, recording and identification of transactions.

What are the requirements to be able to use this service at Kopra by Mandiri?

To be able to use the Cash Concentration service at Kopra by Mandiri, the following are the requirements and procedures that need to be met:

  • has registered as Kopra Cash Management service user in Kopra by Mandiri
  • Customer has access to service package for Liquidity - Cash Concentration menu in Kopra by Mandiri.

What fees are charged for Cash Concentration service?

Bank Mandiri does not charge any fees to customers for the use of Cash Pooling, Cash Distribution, and Range Balance features in the Cash Concentration service. However, for the use of Virtual Account in the Cash Concentration scheme, fees will be charged according to applicable regulations. Details of fees can be found at bmri.id/koprasmartaccount.

What are the risks that may arise with Cash Concentration services?

Some risks of using the Cash Concentration feature:

  • Delay in Batch Execution
    The scheme execution process runs through a batch processing system. If the batch capacity at a certain hour is full, the execution will be transferred to the next batch. This may cause delays even though the process is still running and the funds are still consolidated according to the scheme that has been created.
     
  • Risk of Virtual Account Limit Setting Error
    Mandiri Smart Account provides debit and credit limit settings for each sub-account (VA). Errors in setting these limits may result in failed transactions that could potentially disrupt cash flow or company operations.

 

For more Info

Mandiri Call 14000 

Bank Mandiri Branch Office