Integrated Receivables Solutions

Features:

• Allows you to collect your receivables from your business partners (retail and corporate) through a standing instruction facility (direct debit). The facility will be opened to all HSBC and non-HSBC account-holders.
• Accounts to be debited are pre-enrolled in our system.
• Customer can view the collection information via HSBCnet.
• By offering Direct Debit, HSBC would be able to provide you and your business partners an automated channel for settling their obligations and a more efficient manner of accessing your funds.

Benefits:

• Immediate collection from debtors and fund availability in the account.
• Simplified collection process, centralize with only one bank.
• Online information availability that will facilitate reconciliation.
• Less administration expense.