Select a page

Banking News

HSBC Launches New Trade Receivables Platform

HSBC Launches New Trade Receivables Platform

(08 March 2021 – United Kingdom) HSBC have partnered with Demica to launch a new global trade receivables platform. It will provide large corporate clients the ability to manage invoices, sell receivables and monitor performance on a single portal.

The implementation of this new platform forms part of HSBC’s wider plan to transform all aspects of banking through digital technology. HSBC and Demica will continue to collaborate on a long-term basis while the new system rolls out across the bank’s global markets. 

The solution enables large corporate customers to maximise Free Cash Flow (FCF) and other Key Performance Indicators (KPIs) as well as de-risk their balance sheet. CFOs as a result can offer attractive terms to win new business and grow safely.

“We’re pleased to see our first country go live on the enhanced platform. The platform will deliver an improved customer journey thanks to self-service capabilities and reporting” commented HSBC Global Head of Product, Vinay Mendonca.

“We are delighted to be working with HSBC to support them on their trade transformation strategy as we continue to enhance their processing capabilities and client experience together. We look forward to seeing the benefits flow through to HSBC’s clients around the world as the bank rolls out the platform” stated Demica CEO, Matt Wreford.

Comment on this article

 

Your comments will not be published. Required fields are marked *

 

Please enter the word you see in the image below:


Subscribe

Subscribe to our mailing list

Sign up now to keep up-to-date with the latest
market news and insights in B2B banking.

* indicates required

For more information please read our Terms and Conditions and Privacy Statements.