Cokopeli Partners with Showa Shinkin Bank to Launch BM Portal for Business Matching Services
In a significant move towards enhancing the efficiency of business matching services within financial institutions, Cokopeli Co., Ltd., based in Chiyoda, Tokyo, announced the implementation of its innovative service, the BM Portal, at Showa Shinkin Bank situated in Setagaya, Tokyo. This new platform is designed to centralize the management of business matching operations for financial institutions, facilitating seamless online interactions and collaboration.
Showa Shinkin Bank has commented on the growing need for digital transformation (DX) within the financial sector, particularly concerning the support and services provided to their client companies. Business matching activities are essential as they allow financial institutions to resolve challenges faced by client enterprises by connecting them with partner services and products. However, these operations often face hurdles due to reliance on individual operators, leading to inefficient information sharing and management.
To address these issues, Showa Shinkin Bank decided to adopt the BM Portal, enabling a more streamlined approach to business matching. The portal is expected to improve operational efficiency while enhancing the quality of solutions provided to their client companies by ensuring that the right services are matched to their specific needs.
By aggregating a variety of partner services against client challenges, the BM Portal will enable financial institutions to identify and introduce suitable partners swiftly. The platform aims to alleviate the management costs typically associated with these processes, which, until now, have heavily depended on specific individuals' knowledge.
With the implementation of BM Portal, significant improvements in the speed and efficiency of negotiations are anticipated, thus bolstering the overall success rates of transactions. Moreover, both client companies and partner firms stand to benefit greatly from this digital transformation.
Previously, client interactions involved cumbersome paperwork, including consent forms and invoices, which had to be manually handled and delivered to financial institution representatives. With the introduction of BM Portal, these processes have transitioned to a fully online system, drastically reducing administrative burdens and expediting workflows.
1. Service Information Management: This feature allows for client companies to register their challenges as needs, which can then be matched with relevant services provided by partner firms.
2. Digitalization of Consent Forms: Consent forms required for the disclosure of information to partner firms can be generated, reviewed, and approved entirely online, promoting paperless operations and reducing manual effort significantly.
3. Progress Management for Matching Activities: BM Portal enables visibility into the status of ongoing projects, thereby preventing overlaps and ensuring a more strategic and efficient approach to business matching.
4. Systematization of Business Matching Knowledge: By digitizing the unique know-how traditionally tied to specific personnel, the platform makes valuable insights easily accessible to all employees, promoting collaborative efforts in providing optimal solutions.
5. Flexible Workflow Features: With an incorporated approval process that allows quick decision-making, BM Portal helps mitigate delays and oversights, ensuring smooth operations.
6. Unified Management with Invoice Issuance Capability: From the point of sale to invoice issuance, all operations related to matching cases are managed in a cohesive manner, aiding in accounting efficiency and seamless transactions.
Cokopeli remains committed to enhancing the efficiency of business matching operations within financial institutions through the BM Portal, exploring additional functionalities such as AI-driven recommendation systems to further improve service delivery. The company is also in discussions with multiple financial institutions regarding the implementation of BM Portal, signaling a strategic expansion in the financial sector.
Additionally, Cokopeli has a track record of nearly eight years in developing and operating a management support platform for small and medium-sized enterprises, known as Big Advance, which has facilitated over 200,000 business discussions. As a leading company in business matching solutions, Cokopeli aims to utilize its extensive experience and insights to continue supporting the resolution of challenges faced by small and medium-sized businesses, thereby contributing to the revitalization of the regional economy.
Background of the BM Portal's Implementation
Showa Shinkin Bank has commented on the growing need for digital transformation (DX) within the financial sector, particularly concerning the support and services provided to their client companies. Business matching activities are essential as they allow financial institutions to resolve challenges faced by client enterprises by connecting them with partner services and products. However, these operations often face hurdles due to reliance on individual operators, leading to inefficient information sharing and management.
To address these issues, Showa Shinkin Bank decided to adopt the BM Portal, enabling a more streamlined approach to business matching. The portal is expected to improve operational efficiency while enhancing the quality of solutions provided to their client companies by ensuring that the right services are matched to their specific needs.
Features of the BM Portal
Efficient Business Matching Mechanism
By aggregating a variety of partner services against client challenges, the BM Portal will enable financial institutions to identify and introduce suitable partners swiftly. The platform aims to alleviate the management costs typically associated with these processes, which, until now, have heavily depended on specific individuals' knowledge.
With the implementation of BM Portal, significant improvements in the speed and efficiency of negotiations are anticipated, thus bolstering the overall success rates of transactions. Moreover, both client companies and partner firms stand to benefit greatly from this digital transformation.
Streamlining Processes
Previously, client interactions involved cumbersome paperwork, including consent forms and invoices, which had to be manually handled and delivered to financial institution representatives. With the introduction of BM Portal, these processes have transitioned to a fully online system, drastically reducing administrative burdens and expediting workflows.
Core Functions of BM Portal
1. Service Information Management: This feature allows for client companies to register their challenges as needs, which can then be matched with relevant services provided by partner firms.
2. Digitalization of Consent Forms: Consent forms required for the disclosure of information to partner firms can be generated, reviewed, and approved entirely online, promoting paperless operations and reducing manual effort significantly.
3. Progress Management for Matching Activities: BM Portal enables visibility into the status of ongoing projects, thereby preventing overlaps and ensuring a more strategic and efficient approach to business matching.
4. Systematization of Business Matching Knowledge: By digitizing the unique know-how traditionally tied to specific personnel, the platform makes valuable insights easily accessible to all employees, promoting collaborative efforts in providing optimal solutions.
5. Flexible Workflow Features: With an incorporated approval process that allows quick decision-making, BM Portal helps mitigate delays and oversights, ensuring smooth operations.
6. Unified Management with Invoice Issuance Capability: From the point of sale to invoice issuance, all operations related to matching cases are managed in a cohesive manner, aiding in accounting efficiency and seamless transactions.
Future Prospects
Cokopeli remains committed to enhancing the efficiency of business matching operations within financial institutions through the BM Portal, exploring additional functionalities such as AI-driven recommendation systems to further improve service delivery. The company is also in discussions with multiple financial institutions regarding the implementation of BM Portal, signaling a strategic expansion in the financial sector.
Additionally, Cokopeli has a track record of nearly eight years in developing and operating a management support platform for small and medium-sized enterprises, known as Big Advance, which has facilitated over 200,000 business discussions. As a leading company in business matching solutions, Cokopeli aims to utilize its extensive experience and insights to continue supporting the resolution of challenges faced by small and medium-sized businesses, thereby contributing to the revitalization of the regional economy.
About Cokopeli Co., Ltd.
- - Name: Cokopeli Co., Ltd.
- - Address: 11th Floor, Kioicho Building, 3-12 Kioicho, Chiyoda, Tokyo
- - CEO: Shigeru Kondo
- - Founded: June 2007
- - Business Area: Business platform development
- - Website: Cokopeli Website
- - Key Services: Business support platform for SMEs - "Big Advance"; International business matching platform - "BIG ADVANCE GLOBAL"
Topics Business Technology）
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