Techcombank accompanies businesses towards sustainable development

Techcombank's C-Cash Treasury Management Solution has just been honored by Corporate Treasurer Magazine in two top categories: "Most Innovative Treasury Initiative" and "Best for Sustainable Treasury Solutions". The award continues to affirm Techcombank's strategic vision and technological capabilities in providing advanced financial solutions for businesses. With an advanced technology platform provided by Kyriba - a global leader in the field of financial management, combined with a modern financial management framework designed by PwC Vietnam, C-Cash offers a superior financial management experience, providing real-time reporting and automating manual processes such as information aggregation, reporting and planning. Officially launched in June 2023, this platform has supported more than 100 CFOs from businesses in many economic sectors, helping to save time, optimize cash flow, and increase profits from idle cash flow.

Techcombank representative received the award Best for Sustainable Treasurey Solutions

Furthermore, through online courses, a toolkit for comparing financial management indicators, and guidance on building standard management processes, this solution from Techcombank helps customers build a team of professional financial personnel in their own businesses. In just the first year of implementation, C-Cash has helped businesses with many branches and subsidiaries save an average of 160 hours/month in reporting time, increase profits from idle money by 3-5 billion VND, and reduce working capital needs by up to 47%, affirming the effectiveness and high applicability of this solution in business operations. Mr. Phan Thanh Son, Deputy General Director of Techcombank shared: “The hat-trick of awards from Corporate Treasurer Magazine and Treasury Today Magazine once again affirms Techcombank's commitment to innovation and creativity, bringing advanced and sustainable financial solutions to corporate customers. With the vision of "Transforming the financial industry, enhancing the value of life", we aim to build a system of flexible financial management solutions, suitable and sustainable for each business model and scale of operation. It is the outstanding service, solutions closely linked to business practices and the ability to lead the digitalization process that help Techcombank realize its strategy of becoming the main transaction bank for Vietnamese and international enterprises". Not only is it an effective financial management tool, the C-Cash solution also supports businesses in achieving sustainable development goals (ESG), such as minimizing waste of corporate resources and improving financial management efficiency. For Techcombank, C-Cash is a big step forward in building a close relationship, accompanying customers and affirming the bank's position in the regional financial market. In addition to the "Most Innovative Capital Management Initiative" award, C-Cash was also honored to receive the "Best Sustainable Capital Management Solution" award at the Corporate Treasurer Awards 2024. This award not only recognizes Techcombank's pioneering role in promoting digital transformation to help medium-sized enterprises access the world's advanced management tools, but also emphasizes the bank's contribution in supporting businesses to achieve sustainable development goals. Source: https://thoibaonganhang.vn/techcombank-dong-hanh-cung-doanh-nghiep-huong-toi-phat-trien-ben-vung-158527.html