Payables Management

Payments

Whatever your payment needs – to suppliers, business partners and employees, domestic or international – our Integrated Payments Solutions (IPS) cover the entire spectrum of electronic and paper-based payments, delivering advanced reconciliation and advising capabilities.

Electronic Payments

Domestic & International Funds Transfer.

HSBC ensures the timely processing of your domestic payments through:

• Payroll payments
• Efficient inter-account transfers across our branch network

Our global presence and leading position in major international payment networks enables us to deliver:

• International wire transfers
• Efficient inter-account transfers across our global network

Physical (Paper-based) Payments

IPS delivers comprehensive paper-based payment services encompassing corporate cheques, cashier’s orders, and local currency demand drafts.

These include:

• Local cheque issuance
• Delivery in accordance with your requirements and local market practice (mail, courier or counter collection)

Cheque Outsourcing Service

Issuing cheques locally and across the world can be manually intensive, time-consuming and expensive. Our Cheque Outsourcing Service (COS) enables you to outsource your local currency cheque payment production and issuance to HSBC.

COS delivers:

• Cheque items printed with your company's logo
• Customized payment advices with extended remittance information
• Payments warehousing, allowing items to be future dated
• Automated accounts payable reconciliation
• Comprehensive online enquiry capabilities

With the signature printing capability of COS, senior executives are spared to the onerous time-consuming task of having to sign every single cheque.

Payments Advising

The delivery of comprehensive information to your suppliers, business partners and employees is key to effective accounts payable management. IPS delivers flexible advising services as an integral component of our payment solutions:

• Customized advices incorporating enriched remittance information
• Advices embedded across all payment instruments allowing for ease of use
• Multiple invoice advising to support delivery to multiple recipients
• Real-time advice issuance to multiple parties via email
• Delivery of data to your beneficiaries to ease their receivables reconciliation

With HSBC's Payments Advising solution, your suppliers and business partners will:

• spend less time attempting to track invoices leading to stronger credit relationships
• goods forwarded earlier and
• less time spent having to answer payee queries on the status of your payments

Systems Integration

Integration of IPS with your enterprise resource planning (ERP), accounting or treasury systems is delivered via our global Internet banking platform, HSBCnet, or host-to-host by HSBC Connect.

HSBCnet

• Transaction initiation via direct input, template or file upload
• Client specific approval workflow, with remote authorization
• Comprehensive reporting and transaction enquiry, online and via file download

HSBC Connect

• Host-to-host transmission of high-volume payment transaction and information files to and from HSBC
• Compatibility with industry standard and proprietary formats

Cheque Outsourcing

Benefits

• A seamless integrated service, providing decentralized or centralized operations with increased efficiency, enhanced productivity and better forecasting tools
• The highest levels of security, making sure that your payment transactions remain strictly confidential and tamper-proof
• Secure remote approval, allowing worldwide approval of transactions reducing delays
• Scalability of deliver channels, availing centralized A/P solutions to your Shared Service Centre (SSC) and Regional Treasury Centre (RTC) operations
• Unique interoperability and seamless integration, allowing valuable human resources to be channelled into more productive areas

Apply Now

• E-mail us
• Call (21) 111 11 HSBC
• Payables Management Contacts