Corp360 is a digital financial platform designed for businesses. It operates as an integrated ecosystem, connecting businesses with the bank and various input and output partners through a unified system.
According to NCB representatives, businesses in sectors like construction, trade, supply, or those frequently engaged in bidding processes often find guarantee operations to be time and resource-intensive. The necessity of handling paper documents and in-person procedures at bank counters prolongs the guarantee issuance process, incurs additional costs, and can impede project timelines.
To streamline this process, NCB has integrated an online guarantee feature into the Corp360 platform. Businesses can now execute the entire guarantee lifecycle digitally, including issuance, amendment, early closure, and the release of advance payments.
The platform notably automates information retrieval from the national bidding network. This functionality reduces manual data entry, minimizes errors, and significantly shortens document processing time. Businesses can thus receive electronic guarantee letters instantly upon completion of issuance, bypassing traditional waiting periods.
According to NCB representatives, the digitization of the guarantee process offers multiple benefits: it saves businesses time, optimizes resources, provides easier access to advance capital, and enhances their reputation among partners.
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NCB aims to build a comprehensive digital financial platform for businesses. Photo: NCB |
NCB aims to build a comprehensive digital financial platform for businesses. Photo: NCB
Beyond guarantees, NCB has also introduced an online disbursement feature on Corp360, aiming to expedite capital access. Businesses can now initiate disbursement requests, submit documentation online, and monitor processing status within a single system. The entire workflow, from document submission and approval to accounting, is digitized, reducing reliance on paper documents and significantly shortening disbursement times.
Following disbursement, Corp360 continues to assist businesses in monitoring their loans. This includes features for debt reminders, managing credit obligations, and overseeing post-loan conditions.
NCB representatives highlighted that the complete digitization of the disbursement process represents a pivotal advancement in the bank's credit operations modernization strategy. This model improves credit portfolio management, enhances risk control, and increases operational flexibility, particularly beneficial for businesses managing multiple loans or operating within a chain structure.
Many businesses currently favor the Corp360 platform for its comprehensive suite of integrated utilities. These include: cash flow management, invoice management, online digital signing, digitized supply chain finance processes, and various corporate financial management tools. Through continuous upgrades and feature expansion, NCB anticipates Corp360 will serve as an indispensable financial partner, empowering businesses in their digital transformation journeys and fostering sustainable growth.
Minh Ngoc
For more information, customers can visit the NCB website, contact NCB transaction offices and branches nationwide, or call the hotline at (028) 38 216 216 - 1800 6166.
