Business and Financial Needs

Posts Tagged ‘Funding of Business Loans’

tips to avoid Phishing

1. Customers do not easily believe the transaction related to anyone although known a long time.

According to David, in the case of burglary Rp17 billion in customer funds, Citibank announced yet in details mode operand by police. But, at least, suspect bank break-ins MD (47) is a senior relationship manager (RM). He was given the trust to handle all customers ‘ transactions.

Therefore, MD know close to its customers. So, any customer who adhere entrust all transactions to the MD. Whereas, the SOUP should not be so. The customer provides all of the data to RM including account number, password and user ID.

Since it’s been a long, trust and know it as long as it was running good, clients submit data to ROM. “after trust, should be followed by the correct SOP. Therefore, the customer, do not completely trust the RM, “he explained.

2. the customer must ensure that the transaction is unconfirmed by the auditor that control the risk of a transaction.

That is, according to David, the transaction was not only submitted to the business as MD, but must also be followed by the control of risks (internal risk) and auditing (internal auditor) so that one transaction was not given only to 1 person only. “If not, the business tends to be manipulative and abusing his position,” he added.

In the case of MD as a priority banking or RM serves major customers (customer prime) with a huge funds. This type of customer, usually already lazy handle transfers, so submitting to one man who handle all transaction activity related to a bank or investment. “Because it could break up, MD Rp17 billion even bigger than that,” David demolished. Don’t completely trust the RM.

3. the customer must ensure the transaction goes according to procedure.

According to David, the customer must ensure that the entire transaction is running as it should. Especially, from the side of internal risk management risk and internal audit. “In the case of MD, break-ins teamed up with teller. Moreover, RM cater to special customers, “he added.

As reported, a woman the initials MD (47) employee of Citibank Indonesia so suspected breaches of bank customer funds in place to work. The corresponding data and then move the account to manipulate people into their email account on your own. Consequently, many customers so the victim.

Utilization of social networking (social media) such as Facebook, Twitter, or LinkedIn in the activities of the business not just a promotional medium.

“Should companies use social networking as a social business that is to empower them to productivity,” said Manager Software Group IBM Indonesia, Nina K Wirahadikusumah, in a press conference here on Friday.

Nina says era of social business began when a growing number of organizations or companies who consider social media as a way to win the competition and earned a profit.

“One of the ways to improve the productivity of the company is carried out by adopting a social networking model to establish interactions with employees (internal), customers, and partners (external),” said Nina.

Internal company interaction, according to Nina, not only requires a system, but also requires a culture of communication within the company.

“Why after someone can communicate openly with his friends in social networking, he is not able to open with colleagues to be more productive,” said Nina seraya described the open communication that should be based on responsibility.

Meanwhile, the interaction of external enterprises, further, means the company sued by Nina for more creative to communicate with customers and business partners through the social networking model.

“In order to keep customers loyal, companies can link messages on the social networking site with companies through special software especially messages that are complaining,” said Nina.

Nina says IBM offers solutions for companies or organizations to utilize social networking interaction model as a tool of development and business opportunities.

The concept of leasing business should be understood in the following sense:

This is a contract in which the tenant receives also the place where you develop your business, the business or industry established in the same, so that the contract is not limited to leasehold, but extend the contract including equity unit with its own life and likely to be immediately exploited, or actually entering the operating conditions of administrative formalities, (Directorate General of Taxes in consultation dated April 5, 1999). The lease or sublease of business should be designed in addition to local, defined as surface or “habitat” necessary to carry out the activity, necessary elements for the same, ie the elements that provide the fundamental property rental business must be a autonomous economic entity.

Additionally, the Directorate General of Taxes in consultation dated March 25, 1999 means that there is a business lease the landlord has had to exploit the same before:

“Lease is deemed to exist when the tenant business also receives the premises, business or industry therein, so that the contract is not only the goods listed in the same, but a unity heritage alive own and likely to be immediately exploited or waiting to be mere administrative formalities. This implies the existence of a company or business being carried on by the landlord prior to lease

That lenders apply stricter requirements on lending we knew for a long time, but that this credo is mainly applied to small and medium businesses is something new.

This is partly reflected by the monitor of the research funding EIM. The funding monitor reveals a big gap in the rate credit will be allocated by sector and size of the company. Thus the request for a loan for major companies in 63% of applications submitted, this compared with 47% of small businesses (with fewer than 10 employees).

Also, the sector to make at this time, most credit applications approved in the manufacturing sector, this gets a 71% credit allocation. While retailers and companies active in construction this figure is almost reversed. In just over half the cases, a loan application is not accepted in the retail and construction industries even 61% of cases.

Due to lack of funding, banks since the end of last year’s rate for business loans increased. The past six months, conditions improved in part because banks can borrow unlimited money from the European Central Bank (ECB). They can at the ECB bonds guaranteed by the State award. Moreover, the market also improved, which enables banks to attract Read the rest of this entry »