Receivables Management System

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

Consolidated reporting

• Comprehensive collection and reconciliation reports covering all payments types
• Reports and data files (across collection services and countries) available in CSV format
• Reports and data files can be exported via HSBCnet for seamless integration with your enterprise resource planning (ERP), accounting or treasury systems

Enquiry functions

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

Account Receivable (A/R) reconciliation

• 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
• 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
• We also support manual reconciliation and information repair to streamline you A/R exception handling work