Cash management solutions

Effective management of your payments and receivables processes is key to making best use of your cash flow. Such an approach is designed with an emerging markets-led and financing-focused strategy in mind. So simplify your day-to-day processes and speed up your access to account details with HSBCnet, our corporate internet banking platform which connects you to people, companies and markets worldwide.

Overview

Easy payments

  • Make a variety of payments including wire transfers, inter-account transfers, high- or low-value, local, cross-border and batch payments
  • Simplify the process by combining high volumes of payments or receivables into one batch
  • Remittance assistance: Advise others of transaction remittance details


Comprehensive control

  • Establish transaction authorisation levels and limits appropriate for your business
  • Access real-time transaction information and create customised reports for reconciliation, planning or forecasting
  • Take advantage of other convenient features such as time deposits and HSBCnet's Cheque Outsourcing Service

Note: Functions may vary by region.

Payment convenience and flexibility

Making payments is easy. You can save time by creating general templates that store basic information required to simplify your repetitive payments. You can also create a variety of payment types by following our intuitive step-by-step instructions. As for security, you can create restricted templates to limit changes to authorised staff.

Additionally, you can improve speed and reduce error rates when making payments with automated validation checks, look-up lists and input fields pre-formatted to your requirements. You can enter payments accurately by searching our comprehensive list of banks and clearing codes, which can be filtered by country and city.

Furthermore, you can handle larger volumes of payments with our File Upload feature. There's no need to re-enter additional information – simply submit payment files that you've created in your back-office system directly to HSBC.

To ensure that your payments are timed precisely to make best use of your cash flow, you can create one-time payment instructions in the required currency and store them for up to 45 days prior to the effective date.

Once a payment has been made, you can send detailed e-mail payment notifications with to up to six recipients in supported local languages.

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Payment authorisation

Transact your payments safely and reliably with HSBCnet. Get added protection against errors and internal fraud by setting up internal payment authorisers to align with your corporate structure, audit and compliance needs.

Make your payments more secure in HSBCnet by specifying the number of users required to authorise a payment, as well as the combinations of user levels for differing values of payments. It also lets you extend your business day by choosing to assign authorisers that work in different time zones than those who create the payment.

You can keep yourself updated through the payment authorisation tool, which allows you to view company transactions awaiting authorisation and informs authorisers of any outstanding actions for processing. The payment authorisation process also includes access to Get Rate*, a foreign currency exchange service for cross-border payments.

*Contact your local HSBC office to know which service is available to you.

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Receivables management

Simplify your collections process with HSBCnet. You can keep track of your receivables activity, including images of processed invoices and cheques. Your receivables can be handled manually or through predetermined rules that you have set up. Save time by creating payor profiles, including information on discounts and how collections will be handled to align with invoices.

Send notifications by e-mail to provide your recipients with receivables detail in your own words, or other information, including past due invoices or invoice status.

Other convenient features:

Time deposits: Manage your cash surplus effectively by initiating interest rate enquiries, and executing time deposit placements and maturity instructions. This is available across a number of markets in multiple currencies per location and with flexible tenures ranging from overnight to five years.

Cheque Outsourcing Service: Manage your cheque payments with HSBCnet's Cheque Outsourcing Service. You prepare and approve cheque payments, and HSBC handles the printing and delivery, saving you time and effort through reduced administration. Typically, Cheque Outsourcing Service is used for non-urgent payments.

Contact your local HSBC office to know which feature is available to you.

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