CC MAKE THE HEADLINES
HSBC Malta launches the Malta Development Bank COVID-19 Guarantee Scheme HSBC Bank Malta p.l.c. is further enhancing its support for the business community during these challenging times by confirming its participation in the Malta Development Bank (MDB) COVID-19 Guarantee Scheme (CGS).
The complete ERP solution for a multi-brand distribution business Direct Store Delivery (DSD) refers to an essential distribution method that includes route and truck load planning, route sales and delivery, merchandising, mobile intelligence, inventory control and route accounting. DSD is essential for companies that distribute Fast Moving Consumer Goods (FMCG) to other businesses. The key to growth and sustainability for distributors is to provide better customer satisfaction through speedy and effective route management without increasing costs. They need to optimise resources, improve their invoice-to-cash cycle, and at the same time reduce operating costs per route. The optimal Enterprise Resource Planning (ERP) solution can help companies reduce errors, payment disputes and administrative costs. Expected benefits include increased revenue, larger orders, faster and more accurate delivery, accelerated cash flow, JUNE/JULY 2020
This development complements a series of initiatives already taken by the bank at the outset of the COVID-19 pandemic, including capital repayment holidays, fee-free temporary short-term working capital and trade finance support. This government-backed scheme provides banks with credit risk mitigation and capital relief in respect of loans granted to eligible and viable businesses which may be experiencing cash flow and liquidity pressures resulting from the adverse business conditions following the virus outbreak. HSBC Malta’s normal credit guidelines will continue to apply. Joyce Grech, Head of Commercial Banking at HSBC Malta, says “the launch of the Malta Development Bank COVID-19 Guarantee Scheme will further enable us to support
business customers who are looking for financial support during this uncertain time. The COVID-19 Guarantee Scheme facilitates the provision of additional financing for businesses facing a sudden acute liquidity shortage. HSBC Malta has already introduced a significant number of other measures to support the business community and I would encourage all our commercial customers who feel they need assistance to contact their Relationship Manager in order to discuss the best options available for their specific requirements.” cc
smarter inventory management, improved customer loyalty, better performing sales and delivery reps, and reduced administrative costs.
Provide your field staff with mobile access to all customer, product, and sales information while on the road. Enable your sales reps to sell more with account-specific pricing for individual customers, based on what you know about customer preferences and order history. Give discounts and crosssell and up-sell promotions for different customers. Allow your field reps to use any Android or iOS device – including offline functionality, so that they can access data and information from any location. cc
Manage the quote-to-cash cycle with a modern ERP system Distributors of any size face many of the same challenges, including rapidly changing customer demands, complex product inventories and fluctuations in the supply chain. To overcome these issues, forwardlooking companies are implementing a single ERP solution that integrates and automates the entire quote-to-cash cycle. A modern ERP system for distributors provides tools to help manage sales ordering, pricing, shipping, sourcing, and billing – letting you streamline your business processes so all your information is in one secure location. With accurate, real-time information available, situations requiring attention can be identified early and addressed quickly.
More information on the Malta Development Bank COVID-19 Guarantee Scheme is available at www.business.hsbc.com.mt/MDBscheme
For more information on how Computime Software can help you optimise your distribution operation, increase customer satisfaction and unearth new sales opportunities for field staff, visit www.computimesoftware.com/acumaticaerp or email info@computimesoftware.com.
Drive competitive advantage with a flexible field sales platform Integrate your field sales, distribution logistics, inventory management, invoicing and payment collection. Enable your sales reps with access to relevant information quickly and efficiently – eliminate the errors that come with pen-and-paper order entry or legacy software. 115