Bank DBS Indonesia facilitates Alfamart's payments to suppliers through Supplier Payment Service on DBS IDEAL CONNECT | Bahasa

Indonesia, 07 Aug 2023 - Digitalisation in the retail industry is imperative not only in interactions between sellers and buyers (business-to-consumer or B2C), but also in inter-enterprise business processes, including those related to the supply chain. By digitising the supply chain, companies can automatically manage the purchasing, shipping, and payment processes to suppliers so as to reduce data errors, optimise inventory, and improve overall operational efficiency. Since 2021, PT Sumber Alfaria Trijaya Tbk (Alfamart) has been one of the retail companies that have adopted DBS IDEAL CONNECT for a more efficient, integrated, and transparent transactions with suppliers. 

There are several challenges faced by retailers in dealing with suppliers, including: 
 

1. Processing data manually, potentially causing data and shipping errors, invoicing and billing errors, and the need for duplicate paperwork and paper forms for administrative processes. 
2. Non-integrated payment or funds transfer processing that requires switching platforms that may cause delays (not automated and not real-time).  

Aware of these challenges, Bank DBS Indonesia presents DBS IDEAL CONNECT, a host-to-host (H2H) payment or fund transfer service for secure transfer between the bank's system and corporate customers and the suppliers used by customers. The Supplier Payment Service (SPS) that is available on DBS IDEAL CONNECT is a solution for corporate customers who utilise automation to ensure faster payments (to suppliers/vendors). 

Dandy Pandi, Head of Global Transactions Services at PT Bank DBS Indonesia, said, "We are pleased to partner with Alfamart and bring innovative services such as Supplier Payment Service through DBS IDEAL CONNECT that makes the entire financing process with suppliers more accurate. With the DBS IDEAL CONNECT solution, payments to suppliers can be done easily, quickly, and transparently thanks to automated data processing and an integrated funds transfer system." 

Since 2021, Bank DBS Indonesia has been providing DBS IDEAL CONNECT services for Alfamart to simplify transactions with its suppliers. Currently, nearly 1,000 payments are made every month to 20 Alfamart suppliers across Indonesia. The DBS IDEAL CONNECT feature brings convenience and comfort through H2H payments and payment notifications to suppliers so that customers can focus on growing their business without having to worry about the complex back-end processes. 

Treasury General Manager at PT Sumber Alfaria Trijaya Tbk (Alfamart) Lana Pudjianto said, "Since using the DBS IDEAL CONNECT service, our payments to suppliers have become more accurate, efficient and transparent. Payments to suppliers handled by Bank DBS Indonesia have made it easier for Alfamart to manage transactions between the company and suppliers to improve the efficiency of the company's supply chain management."

DBS IDEAL CONNECT is the right solution for Alfamart as they strive to digitise their financial system, simplify the financing process, maintain supply stability, and prioritise process efficiency. Additionally, the solution is also a proof of DBS' commitment to supporting small and medium enterprises (SMEs) with the Supplier Payment Service programme that allows SME suppliers to get early payments and better manage their cash flow. 

DBS IDEAL CONNECT has corporate customers in various industries, from retail to manufacturing. It is one of Bank DBS Indonesia's innovations to provide smart and intuitive banking solutions to support the business growth of all of its customers. This is in accordance with Bank DBS Indonesia's spirit in becoming 'More like an innovator, less like a bank' vision.

For more information about DBS IDEAL CONNECT, please visit dbs.id/id/sme/day-to-day/ways-to-bank/ideal-connect.     



About DBS 

DBS is a leading financial services group in Asia with a presence in 19 markets. Headquartered and listed in Singapore, DBS is in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The bank's "AA-" and "Aa1" credit ratings are among the highest in the world. 

Recognised for its global leadership, DBS has been named “World’s Best Bank” by Global Finance, “World’s Best Bank” by Euromoney and “Global Bank of the Year” by The Banker. The bank is at the forefront of leveraging digital technology to shape the future of banking, having been named “World’s Best Digital Bank” by Euromoney and the world’s “Most Innovative in Digital Banking” by The Banker. In addition, DBS has been accorded the “Safest Bank in Asia“ award by Global Finance for 14 consecutive years from 2009 to 2022. 

DBS provides a full range of services in consumer, SME and corporate banking. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region’s most dynamic markets. DBS is committed to building lasting relationships with customers, as it banks the Asian way. Through the DBS Foundation, the bank creates impact beyond banking by supporting social enterprises: businesses with a double bottom-line of profit and social and/or environmental impact. DBS Foundation also gives back to society in various ways, including equipping communities with future-ready skills and building food resilience. 

With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. For more information, please visit www.dbs.com