ING BusinessOnLine

ING BusinessOnLine offers access to a complete history of transactions and enables a criteria-based search. The system allows an up-to-date comprehensive access to information on all transactions from the previously defined accounts (also within holding or capital groups) giving you a full control over managed bank transactions. Account statements are available in multiple formats.

The system enables the Client to make domestic and international transfers; transfers to the Social Security Institution and the Tax Office. Transfers between own accounts, within groups of related entities or European transfers, can now be realized using simplified, dedicated forms.

While inputting transfer orders, information about the current balance of the account from which the transfer is to be made is visible. Consequently, it is no longer required to switch between different system screens while making a transfer order.

Another amenity is the option to use the provided counterparty and payment title base, which can be updated and modified by authorized users. The system can find a counterparty after entering just three characters of their name or other known feature. Most recently used counterparties are saved in a drop-down list box.

In case of periodic transfers which undergo modifications, it is handy to use payment template. After saving a transfer in the database, it can be used at any given moment and its content can be modified.

If selected transfers are conducted in fixed time intervals, with unchanged amounts, then it’s handy to use a standing order. A standing order enables defining the exact time schedule of transfer realization dates.

With ING BusinessOnLine it is easy to manage day-to-day financial settlements. When using the system you can benefit from the following products and services:

• currency conversions with negotiable foreign exchange rate,
• direct debit – for both creditor and debtor (as creditor the Client can order the payments, receive status updates; as debtor the Client can look through the list of agreements and transfers both realized and denied due to insufficient funds, as well as revoke an already realized transaction),
• mass Payments Identification System (SIMP) together with subsystems facilitating simpler management of deposits (deposits, tender guarantees) and invoice identification,
• management of cash deposits and withdrawals at a branch,
• ING e-invoice,
• escrow account.

The system enables comprehensive management of corporate payment cards including debit, charge and prepaid cards by VISA and MasterCard. You can easily and conveniently control transactions, receive statements, change card limits, block cards, cancel or resign from renewing your payment card agreement.

A significant amenity is the option to apply for payment cards, thanks to which you can, among others, order new cards or personalize your old prepaid ones (both personal and company cards). Additionally you can now ascribe users to specific cards, customize the written content of a card, as well as control features such as the reach of your card (domestic/international) and the option to make distance payment orders.

You can invest your financial surplus by opening deposits (in PLN or other currencies) in ING BusinessOnLine. You can adjust the duration of your deposit, ranging from 1 to 365 days. The interest rate of your deposit is set based on the allocated amount and time frame chosen by you. Prior to opening of a deposit you can check the exact interest amount that will be added to your amount.

Comprehensive functions of the system enable convenient management of deposits as well as quick access to deposit account statements. There is also an option to terminate deposit before it’s maturity date.

ING BusinessOnLine allows for a complex and convenient servicing of a credit settlement process, starting with submitting a loan application, through signature of an agreement to servicing of an already existing credit.

Online management

The credit list conveniently sorts and displays your liabilities thanks to which you can see the total amount of your debt. Controlling your liabilities is made simpler thanks to the option to download statements and view history of your debt account. At any moment you can check the repayment schedule for any given liability, and if necessary you can submit an application for repayment before due date of either a single payment or your entire debt.

You can easily obtain information regarding the conditions of your contract, which you can remotely satisfy, for example by sending scans of required documents to the bank. Additionally you can give or revoke a designated person the power of attorney to perform specific tasks.

With ING BusinessOnLine it’s possible to submit an application for a new credit and in case of an already approved credit – issue an instruction to disburse credit funds. If you are using the so called “Multi-Product Agreement” within which you are granted a credit limit, you can issue a request for a release of funds or for an annex to such a request.

Credit agreement via ING BusinessOnLine

In case of a positive credit decision, you can use ING BusinessOnLine to finalize your credit agreement with the bank.

It’s a time saving feature, as your firm’s representative can sign the agreement anywhere and at any given time, with the documents securing the credit transaction being constantly at your disposal online. After you print and sign relevant documents, we will reimburse the delivery costs. Content of the agreement is visible in ING BusinessOnLine.

With the help of ING BusinessOnLine you can conveniently make use of products designed to finance and secure commercial transactions:

• letters of credit,
• bank’s guarantee,
• documentary collection,
• discount products.

The system enables efficient browsing through lists of owned letters of credit and issued guarantees. A significant amenity is the option to request an issue of a letter of credit, a guarantee or a change in their terms and conditions. Furthermore ING BusinessOnLine allows you to request the Bank to cover the collection of payments, as well as submit requests for discounting of a single invoice or invoices entered in the file.

ING BusinessOnLine makes it possible to create reports of current and historical data stored in the system, including data related to card transactions.

Offering a wide range of detailed information about conducted operations, the reporting tool allows for a criteria based search by transaction status („pending acceptance”, „done”, „rejected”, „waiting to be accepted by the Bank”) or by order types (i.e. to Social Security Institution, domestic)

Located in the main website interface of the system is the overview of pending transactions, which allows for a quick access to pages grouped according to transaction statuses.

Without a doubt you will appreciate the wide range of customizable settings which can be adjusted according to the level of authorization and user defined competences.

The system enables configuration of custom authorization features separately for each individual user, as well as modification of acceptance schemes according to user preferences, done separately for order schemes and application schemes. Moreover, individually set user limits allow you to restrict the rights of each user to preform digital signatures.

Electronic applications available in the system allow you to easily make changes in user authorization competences without having to contact the bank.

The users of ING BusinessOnLine can easily exchange data between their banking system and financial & accounting systems. You have the option to use pre-defined import/export templates made by the bank or to define them yourself. An additional amenity is the option to export the history of operations, account statements, list of orders and of counterparties. Importing of direct debit, transfer and standing order data allows for faster data input to the system.

More about file formats used for data exchange

WebService by ING Bank Śląski provides full automation of data exchange between financial & accounting system of a company and the ING BusinessOnLine internet banking system. Data exchange is done online and enables quick bookings of completed operations displayed on your bank account statement with no need to log into ING BusinessOnLine. Merging of the systems eliminates, among others, the necessity to process one transaction multiple times and enables transfer automation

Find out why WebService is worth using