📈 Bank of Ceylon Launches C Flex Corporate to Boost Digital Cash Management

Bank of Ceylon (BOC) has launched 'C Flex Corporate', a comprehensive digital cash management solution aimed at transforming financial operations for Sri Lanka's corporate banking and SME sectors. Key details include: • Core Functionality: Replaces existing corporate online banking with a single, secure platform integrating real-time account monitoring, liquidity management, bulk payments, and automated collections. • Operations & Integration: Supports high-volume transactions (salaries, supplier payments) via CEFT, RTGS, and USD Online. Features ERP system integration and Virtual Account Management (VAM) for automated reconciliation. • Governance & Security: Incorporates multi-level approval hierarchies, dual authorization, 2FA, encryption, and custom user access controls to strengthen corporate financial governance. • Economic Impact: Designed to enhance working capital efficiency, support group structure oversight (conglomerates and subsidiaries), and drive national business digitalization across both large enterprises and growing SMEs.