Receivables Management

Why is this service right for you?

Provides detailed receivables information for all your collection accounts
Covers multiple business lines and countries
Information is captured from all collection channels and consolidated in a centralised database

Comprehensive collection and reconciliation reports covering all payment types
Reports and data files (across collection services and countries) available in CSV format
Reports and data files can be exported via HSBCnet or HSBCconnect for seamless integration with your ERP systems

You can make enquiries via HSBCnet in various ways:
Transaction enquiry – instrument and invoice information in the same transaction
Instrument enquiry – multiple invoices relating to the same instrument
Invoice enquiry – receivables history of a particular invoice

You can reduce your internal workload by outsourcing A/R reconciliation to HSBC
Simply upload the A/R files from your ERP system into our Receivables Management System via HSBCnet or HSBCconnect
The system retrieves essential references such as payer ID, invoice number, payment amount and value date from the centralised database
A/R records are matched against all forms of receivable items being collected in your accounts
Data matching can be based on pre-defined reconciliation rules such as FIFO, LIFO, Best Fit and Highest or Lowest amount, and can take into account early payment discount rules assigned to individual payers
We also support manual reconciliation and information repair to streamline your A/R exception handling work.

To help you make the most of your business opportunities, we have a range of convenient and professional banking channels to suit your needs.

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HSBC can help your business compete in today's global environment, with presence, experience and people around the world. We were voted

Best Trade Documentation Bank for six consecutive years by the readers of Trade Finance magazine
Best Trade Services House for four consecutive years by Finance Asia Magazine