HSBC to roll out order-to-cash tech to boost digital purchasing for businesses

International banking giant HSBC has said it will boost the digital purchasing experience for businesses by offering flexible payment options and financing tools at the point of sale.

The bank is partnering with global B2B payments and invoicing network TreviPay to roll out the new e-commerce trade solutions.

The collaboration will combine HSBC's expertise in facilitating trade with end-to-end order-to-cash technology.

The bank said that the move will help corporate customers facilitate sales and engage with new business buyers through receivables finance, invoice processing, and management and risk mitigation.

The new tools enable companies to embed access to trade credit for their buyers in online sales portals which are backed by the business buyers accessing financing options.

According to HSBC, the new tools can support businesses to boost their cash flow by reducing days sales outstanding and optimising resource allocation.

“The way businesses are trading with other businesses is changing and they need innovative e-commerce solutions to stay competitive," said Vivek Ramachandran, head of global trade solutions at HSBC.

He went on to say that the rollout will give the bank's customers the tools to "offer more payment choices while managing risks and expanding their online reach.”

HSBC also recently announced that it was partnering with Delta Capital to deliver OTC derivatives confirmation and settlement services globally under a multi-year agreement.

The deal aims to help the bank standardise post-trade processes and reduce industry costs.

“The agreement we have established with Delta Capita opens up new opportunities for us to enhance our Derivative Post-Trade Services for our valued clients,” said Karen Everingham, head of markets and securities services operations at HSBC.

The move comes after Delta Capital secured an agreement with Citi to scale and commercialise its proprietary digital communications workflow management software capability, QMA.

In April 2024, the company bought LSEG's CLM technology, while the year before it developed capital markets blockchain software MACH.



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