Not only banks, but clients, their suppliers, and wider society can benefit from the Monimove portal.
Monimove was founded to empower banks to approach credit differently, to open substantial new opportunities for banks, and to support society as part of the company’s social responsibility. It’s part of the UK-based CUS World Ltd. In 2017 Monimove.com was launched, and the portal went live. Monimove operates globally, with offices in China, the USA and the EU.
The easy-to-use portal enables banks to validate a client’s credit utilisation against their project or expense plans. Its reporting capabilities provide deep insight, allowing banks and their clients to make more informed decisions, while mitigating risk. There’s no obligation on banks to get involved in client-supplier relations, either.
Monimove enables banks to increase their volume of business and grow their client base – and make new profits – from current loans without any extra investment. New clients are able to enter their project or operating expense details directly into the portal, reducing manual workload for the bank and and client, automating the cash management process like never before.
The portal gives banks, at a glance, revenue data by currency, utilisation category, client account or individual project, and generates a Monimove commercial invoice package for banks (containing supplier invoices). Banks gain deeper insights over time by accessing data drawn from previous projects – helping them to make more informed decisions for future business.
Monimove provides banks with the reassurance that materials, services and labour committed to a project are fulfilled on time and as promised. The initial proposals are captured in user agreement drafts, provided by Monimove, which banks can customise for each territory.
The portal has integrated steps for suppliers to upload documents and clients to authenticate the delivery and quality of goods received electronically. Banks are independent of this process until payment is needed. Monimove’s level of transparency also offers the bank the appropriate intervention points in the project to review how credit is being used.
Monimove helps banks to help the society around them – for free. Whether it’s people building their own house, SMEs, venture capitalists, charities or local governments: they will be sure that their projects and expenses will meet the standards they’re expecting.
Monimove has been born out of a frustration with the financial products on offer. We offer trust and accountability at our core, all of the products that we create have three key values:
We are an ethics first corporation, we design products that make the world a better place.
The philosophy of Monimove is compassionate commerce.
No matter where you are in the world, you will be affected by the corporate world, be it through the items you consume, place you work or an organisation you depend on for support and supply.
Our philosophy is that we are human, and that we need trust to work effectively. Our products are designed around enabling the finance of business to be efficient, accountable and transparent.