Tenaga Nasional Berhad (TNB)
has signed an agreement with Maybank for the implementation of
TNB’s enterprise cash management activities using Maybank2e.net
solutions.
Maybank2e.net is
Maybank’s online enterprise cash management financial portal
designed specially for corporate transactions to be carried out
via the Internet. Its integrated web-enabled solutions includes
several modules such as Payroll Services, Payment Services, issuance
of dividends via the eDividend as well as report generation utility
for various merchant and payee corporation reports.
Signing for Maybank was Datuk
Amirsham A Aziz, President and CEO of Maybank and Encik Muhamad
Umar Swift, Executive Vice President and Head of Enterprise Financial
Services. TNB was represented by its President and Chief Executive
Officer, Dato’ Che Khalib Mohamad Noh and Encik Izzaddin
Idris, Chief Financial Officer.
“The agreement marks TNB’s
adoption of yet another of Maybank’s electronic services,
that is, Maybank2e.net’s suite of products and
services commencing with the Payroll Services module,” said
Datuk Amirsham in his Opening Address.
Datuk Amirsham added that Maybank2e.net
revolutionises the online banking experience for corporations
by providing services beyond traditional business banking. “We
have designed Maybank2e.net facilities to bring about
increased efficiency, productivity and cost-savings by automating
many of the manual processes associated with cash management activities.
Internet accessibility 24 hours a day, anytime, anywhere, also
enables corporations to better manage their cash management operations
conveniently,” added Datuk Amirsham.
TNB recently began implementing
Maybank2e.net’s Payroll Services module in November
2005 to process the payment of staff salaries, bonuses as well
as commissions of TNB’s workforce. The next process will
be payments for EPF and SOCSO contributions, dividends, local
payment to suppliers via Mayban2e.net as well as cheque
processing. In the near future, Maybank2e.net payments
can also be made to third party accounts maintained at other banks.
TNB also utilises Maybank’s
other delivery channels, namely for bill payment services via
the internet banking portal at Maybank2u.com as well as over 1400
Kawanku ATMs and 400 branches nationwide to pay TNB bills.
“The current TNB bill
payment transactions of over 70,000 via Maybank2u.com valued at
over RM8 million a month is an example of leveraging on technology
to enhance productivity and cost-savings. Maybank and TNB will
continue to jointly intensify our campaign to promote the use
of technology and more electronic alternatives for both operational
and income generation activities. In the near future, Maybank2e.net
will also introduce the Interbank GIRO, RENTAS and Banker’s
Cheque facilities that will be beneficial to TNB,” said
Datuk Amirsham.
Maybank2e.net has
received several international accolades since its launch in 2003,
among them Asiamoney’s Award as the Best Local Cash Management
Bank for 2004 and 2005. Maybank is the first bank in Malaysia
to adopt 3G technology to allow access to Maybank2e.net.
More than 4,000 corporations are using Maybank2e.net
and Desktop Banking solutions for their cash management activities.
In his speech, Dato’ Che Khalib Mohamad Noh said, “The
system offers TNB numerous advantages, chief of which are savings,
speed, efficiency and security. We anticipate reduced transaction
costs, efficient payment processing, quality execution and rapid
disbursement".
"TNB is obliged to set
benchmarks in business. We believe that Internet payments are
emerging as a best practice in achieving operational efficiency.
Our move is also in line with Bank Negara's decision to encourage
all corporation and government agencies in Malaysia to migrate
to ePayments by 2010", added Dato’ Che Khalib.
More information of Maybank2e.net
is available at www.maybank2e.net.
