Companies operating in the global market face various challenges in managing cross-border transactions. Regulatory complexities, exchange rate fluctuations, and security risks are some of the main obstacles. To address these challenges, Bank Mandiri, through its Kopra by Mandiri digital platform, presents a solution that claims to increase efficiency and transparency in international financial transactions.

Challenges in International Transactions

Companies often face a number of obstacles in managing cross-border transactions, including:

• Exchange rate fluctuations, which can impact financial stability.
•  Complicated administrative processes, as cross-border payments often require verification and complex paperwork.
• Lack of real-time visibility of transactions, which makes it difficult for companies to manage cash flow effectively.
• Potential security risks, such as the fraud and administrative errors, which can disrupt business operations..

Digital Technology to Support Transaction Efficiency

Kopra by Mandiri offers a cloud-based solution with Application Programming Interface (API) integration as well as a Single Sign-On (SSO) feature, enabling centralized access to various financial services.

One of the platform's key features is In-House Transfer, which applies end-to-end encryption to enhance transaction security. In addition, the foreign exchange transaction management system supports multi-currency processing, equipped with predictive algorithms to optimize exchange rates and reduce fluctuation risks.

Positive Impacts for Companies

Several companies that have adopted Kopra by Mandiri report several key benefits:

• Operational efficiency: Transaction automation speeds up fund disbursement and reduces reliance on manual processes.
• Enhanced security: Encryption system ensures transactions remain safe from potential misuse or fraud.
• Real-time transaction monitoring: Analytics dashboard allows companies to control cash flow and track payments more effectively.
• Exchange rate optimization: Predictive algorithms help companies get the best exchange rates.
• Contribution to sustainability: Reduced use of physical documents in line with green business practices.

Sakari Resources Limited and Tiger Energy Trading, two coal companies with international networks, have utilized Kopra by Mandiri to support their operations. With an integrated banking system, the solution helps simplify cross-border transactions and provides more flexibility in managing the company's finances.

The digitalization process through Kopra by Mandiri not only improves business efficiency, but also supports sustainable practices by reducing reliance on manual intervention. This automation helps reduce carbon footprint and minimize administrative errors. In fact, according to research by the World Economic Forum and Accenture, the application of digital technology in high-emission sectors could contribute to a 20% reduction in emissions by 2050. This shows that the adoption of technology in financial services, as practiced by Bank Mandiri, plays an important role in supporting the sustainability of the industry as a whole.

Kopra by Mandiri's integrated digital solution support for both companies is driving sustainable business growth. The shift to the latest technology offered by Bank Mandiri has proven not only optimize international transactions, but also reinforce their competitive edge in the digital era and prepare them for future challenges and opportunities.

Unlock Digital Solutions for More Efficient Transactions

Bank Mandiri continues to provide services that support businesses in optimizing international transactions. Various features in Kopra by Mandiri can be accessed flexibly and securely. Companies looking to improve their transaction efficiency can contact their Bank Mandiri Relationship Manager for more information about this service.