As a result, a number of Indonesian schools can now enjoy the benefits of an online payment and accounting platform.
Ng Eng Chin, executive principal of STB ACS, said: “This is an exciting partnership, and we look forward to enjoying the benefits of Citi’s cash-management platform at many levels.”
Tigor Siahaan, country business manager of institutional clients group at Citi Indonesia, said: “Citi is proud to partner with Sekolah Tiara Bangsa ACS network of schools to help them to better manage their payment and financial processing activities.”
Kahar Anwar, head of local commercial bank at Citi Indonesia, said: “At the user level, parents paying school fees now have convenient and fast ways to pay via either the Internet or an ATM. In addition, the schools can also easily monitor and manage transactions using Citi’s integrated online banking system. This streamlined structure will also help schools to reduce administrative and accounting errors.”
Rashed Maqsood, head of global transaction services, institutional clients group at Citi Indonesia, said: “The payment infrastructure is supported by the CitiDirect and Virtual Account platforms. Sekolah Tiara Bangsa ACS (International) will also benefit from other innovative Citi cash-management solutions such as Utility Payment System and CitiConnect e-Tax.
“The Utility Payment System helps clients minimize business disruption risks due to the late payment and human error because it automatically pays utility bills each month. CitiConnect e-Tax meanwhile provides clients with one-stop access to tax submissions and payment settlements.”
