JAKARTA, Indonesia, Sept. 7, 2022 /PRNewswire/ — PT Bank Rakyat Indonesia (Persero) Tbk. (IDX: BBRI) collaborates with PT Castrol Indonesia, an industrial and automotive lubricants firm, to facilitate the corporate’s transactions utilizing BRI’s Corporate Billing Management, Distributor Financing BRI Distribution and Outlet Financing providers.
The collaboration was initiated by means of the signing of the Banking Services Memorandum of Understanding (MoU) between Agus Noorsanto, Director of Institutional and Wholesale Business BRI; Arif Lukas Darmawan, Director of PT Castrol Indonesia; and Augustnine Adrianto, Director of PT Castrol Indonesia, on 1 September 2022 in Jakarta, Indonesia. The Distributor Financing Cooperation Agreement was additionally signed on this event.
BRI is prepared to help transactions in PT Castrol Indonesia’s business ecosystem, particularly MSME gamers. “We hope PT Castrol Indonesia and its business ecosystem can benefit from BRI’s Distribution Financing, Outlet Financing, and banking transaction management facilities. We continue to meet world-class standards to fulfill the banking needs of multinational corporations,” mentioned Agus.
The settlement consists of using credit score and banking providers particularly supposed for PT Castrol Indonesia’s distributors and retailers. The options provided are Distributor Financing and Outlet Financing based mostly on microfinance to optimize business capability whereas rising gross sales quantity, and monetary administration effectiveness and effectivity.
The collaboration facilitates environment friendly administration of economic transactions and ensures well timed receipt of funds by means of built-in methods. BRI’s Cash Management Platform (BRICaMS) and Corporate Billing Management (BRICBM) present flexibility to PT Castrol Indonesia and its distributors to make transactions anyplace and anytime.
“PT. Castrol Indonesia is constantly innovating to find the best solutions for customers. We believe that as our customers grow, our company will also grow. As a result of the COVID-19 pandemic, cash problems and credit risk have increased for our distribution partners. We believe that our collaboration with BRI will help us come up with solutions to overcome this problem,” mentioned Nitin Mengi, the Castrol Asia Pacific Management of PT Castrol Indonesia.
“This is a new step to improve financial services for our partners in Indonesia. This collaboration is expected to make it easier for Castrol’s distributors and outlets to do business in Indonesia. In the end, we expect company growth from this partnership,” concluded Arif.
For extra details about Bank BRI, go to www.bri.co.id
SOURCE PT Bank Rakyat Indonesia Tbk (BRI)
