Yonglimwon Soft Lab and Shinhan Bank Support ERP Adoption for Public Interest Corporations, Offer Fee Discounts
TECHWORLD ·
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Yonglimwon Soft Lab and Shinhan Bank are collaborating to reduce the burden on public interest corporations that handle accounting and financial tasks in separate systems.
Yonglimwon Soft Lab will offer new customers of its cloud ERP for public interest corporations, "SystemEver Nonprofit," fee discounts of up to KRW 600,000 over 6 months.
Eligible organizations are public interest corporations that meet all three conditions: newly signing up for SystemEver Nonprofit, newly opening or switching to a Shinhan Bank designated account for public interest corporations, and newly joining the "Shinhan Bank BankIn Platform." Support will be provided on a first-come, first-served basis.
Yonglimwon Soft Lab and Shinhan Bank are working to integrate accounting and financial operations for public interest corporations. The two companies teamed up to reduce the burden on public interest corporations that handle accounting and finance-related tasks in separate systems and to ease the burden of adopting a cloud ERP. Yonglimwon Soft Lab is linking ERP with the bank’s financial services to reduce the burden of processing accounting and financial tasks across multiple systems.
Yonglimwon Soft Lab said it will offer fee discounts to new customers of its cloud ERP for public interest corporations, "SystemEver Nonprofit." The discount amount is up to KRW 600,000 over 6 months. Eligible organizations are public interest corporations that meet all three conditions: newly signing up for SystemEver Nonprofit, newly opening or switching to a Shinhan Bank designated account for public interest corporations, and newly joining the "Shinhan Bank BankIn Platform." Support will be provided on a first-come, first-served basis.
The discount is KRW 100,000 per month for 6 months. If the discount is applied to SystemEver Nonprofit’s maximum monthly fee of up to KRW 280,000, the fee will be reduced to KRW 180,000.
Public interest corporations handle tasks such as double-entry bookkeeping and closing, National Tax Service closing disclosure, donation asset reporting, donation management, and designated account management. This collaboration is focused on integrating the accounting and financial tasks of public interest corporations handling such work and connecting ERP with financial services.
SystemEver Nonprofit is a cloud ERP that reflects the accounting standards for public interest corporations and the operational characteristics of nonprofit organizations. The service is designed to combine accounting, tax, and financial tasks for nonprofit organizations into a single system. Its system configuration enables integrated processing of accounting, closing disclosures, donation management, and designated account management.
Its revenue and expenditure request function supports automatic generation of accounting journal entries, thereby reducing repetitive input. The scope of support includes preparing financial statements under double-entry bookkeeping, preparing National Tax Service closing disclosure forms, and preparing forms for reporting donated assets. It also supports management of donation and designated account revenue and usage records, along with linkage to accounting information.
Financial tasks are handled through ERP internal processing by using Shinhan Bank’s BankIn Platform. As a result, users can use the service without separate access and without a corporate banking or cash management system. Functions available within SystemEver Nonprofit include account inquiry, fund transfers, and payroll transfers.
The cost policy imposes no integration fee, joining fee, or monthly usage fee. Shinhan Bank’s support conditions include opening a deposit and withdrawal account for a public interest corporation and meeting certain requirements. In this case, the fee exemptions offered by Shinhan Bank include transfer fees for internet, mobile, and phone banking, as well as Shinhan Bank CD and ATM withdrawal fees.
Yonglimwon Soft Lab determined that linking ERP accounting information with bank fund data could streamline tasks from transaction verification to accounting processing. The company cited improved efficiency in transaction verification through accounting processing as the expected effect of the linkage.
Lee Seung-hwan, executive director of the BPO Platform Business Division at Yonglimwon Soft Lab, said public interest corporations need to meet accounting transparency and legal obligations at the same time, emphasizing the importance of securing both work efficiency and data accuracy. He also outlined the company’s plan to ease the burden of ERP adoption, connect accounting and financial tasks into a single workflow, and support the digital transformation of public interest corporations.
Source: TECHWORLD · Kim Seung-gi
Original: https://www.epnc.co.kr/news/articleView.html?idxno=406361
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Source: TECHWORLD
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