HSBC Connect
Get fast, secure and efficient cash management processes with direct host-to-host connectivity.
HSBC Connect in detail
HSBC Connect makes it easier to process large volumes of payables and receivables, allowing you to manage your financial data on a global scale.
This automated, flexible, and secure host-to-host channel simplifies your operations and processes and enhances efficiency. It also helps maximise your return on investment in Enterprise Resource Planning (ERP) and Treasury Management Systems (TMS).
If you have global or regional cash management capabilities, HSBC Connect enables you to centralise payment operations and submit large numbers of payments at one time. Plus, you can get automated reconciliation services and a high level of straight-through processing (STP).
Overview
- Centralised Payment Management: HSBC Connect enables businesses to manage payments efficiently from a single platform, allowing the seamless processing of various payment types and currencies.
- Fraud Prevention: By automating payment processes and reducing manual interventions, HSBC Connect helps mitigate the risk of fraud, ensuring a more secure transaction environment.
- Cost Efficiency: Simplifying banking relationships and integrating with existing systems can lead to cost savings, allowing businesses to focus resources on growth and innovation.
- Robust Security Features: HSBC Connect employs advanced security measures and encryption protocols to safeguard sensitive financial data, ensuring secure connectivity and compliance with industry standards.
Key features
- Process a variety of payment types, including domestic and international transactions, from a single platform.
- Streamline payment workflows with automated processes that reduce manual input and enhance operational efficiency.
- Benefit from secure connectivity options that seamlessly integrate with your existing treasury management systems or ERP platforms.
- Access detailed reporting features that provide insights into transaction history and payment statuses, aiding in financial management.
Key benefits
- Effect payments from a centralised treasury management station or ERP platform with multiple payment types and currencies in one file
- Mitigate the risk of fraud with fewer manual operations and more automated processes
- Reduce costs by simplifying bank relationships and proprietary systems
- Streamline operations and spend less time on file formatting and maintenance
- Enhance security and encryption protocols, including FTPS, SFTP, HTTPS, PGP, AS2
- Support regional and global Treasury Centres and Shared Service Centres
- Automate transaction processing
- Secure connectivity and integration
How it works
HSBC Connect provides you with a direct link to HSBC by integrating your Enterprise Resource Planning (ERP) system with our account reporting and payment systems. This single interface offers a fully automated cash management solution, allowing you to submit large volumes of payments and collections data directly and securely. In return, we will send confirmations, reports, statements, and other relevant data back to your ERP. Our system supports most standard industry formats, including ISO20022 XML, EDIFACT, SWIFT, and local in-country formats. You can send all transaction data in one file format, and we will handle the validation, sorting, and routing of your data for processing.