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Receivables Management
Integrated Receivables Solutions – fast forward your receivables
At HSBC, we understand how important accounts receivables management is to your business cycle. The faster you convert receivables into cash, the more control you have over your cash flow and working capital management.
Collections
HSBC's extensive alliance network in Pakistan facilitates timely collection and efficient clearing.
Our multi-channel collection services can help you reduce collection float and accelerate the availability of funds.
We recognize that cheque collections are important across Pakistan. With IRS we deliver tailor-made outsourcing solutions for cheque and other physical receivables, so you can focus on your core business activities. With our National Network Collections, we can provide consolidated receivables information captured by our branch and alliance networks.
Receivables Management System
Built with advanced modular technology, our Receivables Management System brings together all of the IRS components to create the leading receivables management solution on offer in Pakistan. Its automated reconciliation and information management modules are fully integrated with the collections and processing features of IRS. As the backbone of IRS, the Receivables Management System (RMS):
- Consolidates receivables information across all collections
- Provides over 70 types of consolidated reports structured to meet your specific needs
- Automates accounts receivable reconciliation using your pre-defined matching parameters
- Supports matching of over/under payments, including early payment rebates, transaction charges and Debit/Credit notes
Systems Integration
Integration of IRS with your enterprise resource planning (ERP), accounting or treasury systems is delivered via our global Internet banking platform, HSBCnet, or host-to-host via HSBC Connect.
Benefits
- Comprehensive multi-channel collection services providing requisite settlement choices for buyers
- Collection outsourcing services that significantly reduce administration costs
- Accelerated funds availability across the most comprehensive network in the Middle East, leading to increased liquidity and reduced borrowing costs
- Real-time collections information via HSBCnet, leading to more accurate cash forecasts
- Prompt identification of payors in challenging markets, negating the need to hold numerous physical sub-accounts for costly reconciliation
- Market leading reconciliation solution allowing the early release of buyer's credit lines, resulting in increased sales volumes-lower DSO(Daily Sales Outstanding)
- Automated reconciliation option, freeing your employees from intensive manual tasks
- Enhanced credit control with instant reporting of exceptions and generation of Account Receivable Advices
Apply Now
- E-mail us
- Call (21) 111 11 HSBC
