hsbc-launches-payables-financing-solution

HSBC launches payables financing solution

The new scheme allows buyers to sponsor the financing of suppliers enabling them to convert their payables into cash more quickly.
October 23, 2007
HSBC global payments and cash management has announced the launch of a new regional payables financing solution. Payables financing is a product that enables buyers to provide early payment to strategic suppliers, thus helping them to convert their outstanding payables into cash more quickly. It is achieved by the buyer sponsoring the financing of its payables to its suppliers.

The scheme is offered through HSBCnet, the bankÆs global internet banking channel, and is integrated with all the existing capabilities of HSBCÆs payments solutions platform, fully automated and paperless with core features including flexible authorisation, payments advising, and enriched reporting.

A key benefit of the scheme is that the current payments process flow of...
¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222