OREANDA-NEWS. The Bank of Moscow offers a new settlement service for small business clients - groups of legally independent and multi-branch companies - Multi-Business. The Multi-Business Service is a FCC (Financial Control Center) product, adapted to the needs of small business.

Within the Multi-Business Service, clients (controlling companies) can monitor cash flow through bank accounts in Russian roubles of one or more clients (controlled companies).

Depending on the option chosen by the client within the Multi-Business Service the following control functions can be available:
* Monitoring means monitoring transactions with controlled accounts in the currency of the Russian Federation in the FCC system (additional service - iBank2, allowing clients (controlling companies) to carry out control over cash flows of subordinate organizations/branches through a single point of contact);
* Total acceptance of debit transactions or Selective acceptance of debit transactions means acceptance of all or selected settlement documents in the currency of the Russian Federation from controlled accounts;
* Corporate budgeting allows a controlling company to appoint an income/expense estimate to a company/group of companies, to get current reporting on budget performance, statement of cash flows, etc., as well as, if necessary, to endorse expense receipts of a company/group of companies in cases, when a limit for expenditure operations under the budget is reached.

"The main advantages of this new Multi-Business Service is a rapid and reliable financial control over all the structure and subdivisions of controlled companies, an ability to reduce transaction time and costs due to subsidiaries cash flows management, as well as an optimization of cash flow and its usage efficiency improving. Thanks to our new service, these opportunities are now available to small businesses within a group of companies", said Andrey Vozmilov, the Vice President, the Director of Corporate Business Coordination Department of the Bank of Moscow.