Thank you very much for your interest in Simon’s monthly banking and cash management services! We are committed to providing comprehensive banking solutions for individuals and businesses to meet your financial needs. With our reliable and efficient service, you can save time, simplify financial processes, and focus on truly important business development.

It is important to pay attention to daily cash flow management. Our banking services are not only regular cash payments, but also a comprehensive reimbursement system for employees and daily office expenses. We also handle foreign currency settlement and convert it into RMB, record monthly payments to suppliers, ensure complete contract invoices, and send them to the responsible person for confirmation.

Why is cashier management important for your company?

Cash management refers to the process and system of collecting and managing cash flows, which is crucial for both individuals and companies. A carefully designed company cash management system demonstrates the healthy financial stability of the company in its operations.

Cash is the main asset used by companies to repay debts and pay operating expenses, such as taxes, employee salaries, marketing costs, etc. Daily monitoring of cash inflows and outflows is a core component of financial management, and appropriate cash management can improve a company’s financial condition and liquidity issues. In addition, when considering establishing and maintaining the financial stability of a company, managing good cash flow can help maximize potential returns and impact future growth.

In most cases, cash management can be integrated with the company’s online banking. Through fully integrated monthly banking services, your company’s business administrators can access funds on a daily basis without the risk of cash flow chain disruption.

What is included in Simon Bank’s monthly banking and cashier service package?

1. Arrange payment for local suppliers and office expenses, etc.

• Arrange and process payments to local suppliers and your company’s office expenses
• Ensure the accuracy and timeliness of the payment process to avoid delays or incorrect payments

2. Handle bank reconciliation.

• Regularly compare the company’s bank accounts with financial records to ensure consistency
• Verify discrepancies between bank account balances, transaction records, and financial statements to identify and correct potential errors or omissions

3. Handle the salary payment of local employees.

• Ensure that local employees receive their salaries on time and accurately
• Handle salary calculations, deductions, and social insurance to ensure compliance with local regulations and requirements

4. Handle bank foreign currency transactions.

• Provide foreign exchange and settlement services for your company
• Handle foreign exchange, cross-border payments, and foreign exchange risk management
• Provide advice on exchange rate fluctuations

5. Cash management and forecasting.

• Assist your company in effectively managing cash flow, forecasting, and planning funding needs
• Analyze and monitor cash inflows and outflows to ensure the adequacy and proper use of funds
• Provide cash flow forecasts and recommendations to support your financial decisions and strategic planning

6. Account opening and management.

• Assist your company in opening and managing bank accounts
• Provide recommendations on different account types and options to meet your specific needs
• Manage transactions, such as account information, authorized signatures, and access permissions

7. Electronic banking services.

• Introduce and recommend electronic banking products and solutions suitable for your company
• Assist you in establishing and using online banking platforms, electronic payments, and electronic banking systems
• Provide training and support to ensure that you fully utilize the convenience and benefits of electronic banking services

8. Risk management and compliance support.

• Provide advice and support on risk management and compliance requirements
• Assist in developing and implementing internal controls to reduce risks and prevent fraud
• Ensure that your company complies with local financial regulations and bank policies

List of required documents

To enjoy Simon’s excellent cash management and monthly banking services, you will not be troubled by complex document preparation processes. To collaborate with Simon for a smooth transition, the following materials are required: To begin using our monthly banking and cash services, please provide the following documents:

1. Identification:Valid identification documents of all authorized signatories, such as passport, national ID card, or driver’s license.

2. Address proof：Recent utility bills or bank statements (within the past three months) as proof of your residential or business address.

3. Business documents：If you are applying as a commercial entity, please submit the necessary business registration documents, such as a company registration certificate or business license.

4. Financial statements：Based on your business type, we may need your recent financial statements to evaluate your financial situation and provide tailored recommendations.

Please note that based on your specific requirements, additional documents may be requested during the consultation process.

Why choose Simon?

Rapid Processing

With experienced team members, we can handle your project faster than others.

Unsuccessful, no charge

Simon promises that we will only charge after your project is successfully completed.

Tailored services

We will provide the most suitable business plan based on your situation.

Traceable process

Simon has an online system for you to track any updates to the project.

Frequently Asked Questions

Do you have any further questions? don’t worry! We are happy to answer!