Integrated Receivables Solutions

We understand how important accounts receivables management is to your business cycle. The more control you have over your cash flow, the lesser will be the need for working capital required for running your business. The faster you convert receivables into cash, the lower will be the risks associated with your business. At the same time, in today's competitive environment, this has to be matched with minimization of transaction charges and must bring in efficiencies in your business processes.

HSBC's Integrated Receivables Solutions (IRS) offers you an opportunity to outsource your receivables process, from picking up cheques from your customers, usage of strong logistics management and correspondent bank relationships for faster processing and clearance of your receivables to world-class systems and processes to allow you to have a complete control over your cash flows and receivables.

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Benefits of Integrated Receivables Solutions (IRS)

• Faster realization of receivables through our strong logistics management & geographic reach
• Savings in interest costs and Bank charges through rationalization of account structure and local clearing at over 350 locations across the country
• Simplification of process through Online querying on receivables
• Simplification and automated Bank Reconciliation
• Outsource debtor's reconciliation

We provide you with a single window for processing, tracking, reconciling and managing all your receivables - paper and electronic through our online delivery platform - HSBCnet

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Key Features of HSBC's IRS:

• Local clearing of cheques at over 350 locations across India
• Faster realization of outstation cheques through correspondent banks with a strong regional presence covering over 5,000 locations across India
• Cheque pick-ups at over 350 locations directly from company's offices/customers
• Single collection account for cheque deposits across the country
• Cash concentration in the centralized collection account
• Collection reports with details of cheque number, drawer's name, date and place of deposit and invoice details
• Online querying on instruments deposited across the country
• One platform for all forms of collections i.e. cheques, cash and electronic Automated Bank
• Automated Reconciliation through integration of collection reports with your Back Office Systems
• Reconciliation of invoices against receipts from your customers

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