Alternative banking is the in-thing for businesses right now as we experience uncertain times. All organisations are keen to manage this unforeseen disruption and to stay afloat, each is undertaking a set of unique measures. These include having employees work from home, migrating tasks online such as meetings, interviews, finance and accounts, operations et cetera.
However, when it comes to business banking, there are very few options in the market that provide fully integrated solutions for organizations to take advantage of online platforms.
The most comprehensive solution that exists in the market is Straight2Bank from Standard Chartered Bank. Unmistakably, this platform has now become a yardstick for other banks and the fact that it has become the most popular platform for businesses both large and small is evidence of its superiority.
What exactly is Straight2Bank?
The platform is a fully integrated online banking service for business transactions, hedging and information needs with a customisable suite of tools. It is carefully designed for all business transactional needs.
Straight2Bank facilitates comprehensive management, giving businesses easy access to key functions such as trade, payroll and foreign exchange transactions. Organisations can also set up custom access and control within the platform which includes employee access levels, customised payroll templates, personalized account alerts and more.
The platform also allows businesses to process their KRA payments online and in a simple way. Standard Chartered Bank is directly intergrated with KRA and this means all payments are processed realtime.
Bulk and mobile payments are facilitated in a simple manner. This involves using an excel sheet template to list all mobile numbers and amounts to be paid, uploading it to Straight2Bank and click “pay”. This function is secure in that the validation of these payments goes through the organisation’s internal approvals
For users needing help on the platform, there is a dedicated support team. They provide online support services to businesses you solve and problems they may face when using Straight2Bank.
Given the current government directives designed to facilitate businesses, all charges on Straight2Bank are now minimalised. This includes free RTGS transfers done online as well as payroll.
To learn more and get started, visit https://www.sc.com/ke/business-channels/straight2bank/