hsbc global payments & cash management cash management solutions al madinah international...
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HSBC GLOBAL PAYMENTS & CASH MANAGEMENT
Cash Management Solutions Al Madinah International University
Delivery ChannelGlobal Online Platform - HSBCnet
3rd party reporting via SWIFT MT940
Main HSBCnet Profile
Integrated Payments Solution
Integrated Liquidity Solution
Existing/Future entities can be added onto profile as associates for increased
visibility and scalability
Integrated Receivables Solution
AL Madinah International Foundation
AL Madinah Resources
Global Platform. HSBCnet suggested structure
PaymentsAt your fingertips
• Outsource the entire cheque issuance process to HSBC, including issuance, printing, and delivery
• Cheque delivery options include delivery to client offices, or delivery to beneficiaries
Advantages to AL Madinah International University
• Maximise security by eliminating need to maintain cheque inventory at Client offices
• Redeploy Client’s finance staff to more value-added tasks
• Option to upscale for auto reconciliation
Payments. Cheque Outsourcing (COS)
Payment File Upload
from ERP
Manual input for ad-hoc payments
ChequeOutsourcing
engineDraft dispatched
Cashiers Order dispatched
MailCourier
Payment Advice Email
Data/reports
Reduce manual processing by outsourcing your cheque payment processing
Simplify authorisation of cheques – no longer need to manually sign every cheque
More security through the PositivePay validation at the point of cheque presentment
Simplify reconciliation and management through comprehensive cheque reports
– issued, presented, stale, stopped, etc.
Greater convenience and control through
– Flexible cheque delivery options to your beneficiaries
– Warehouse future value dated transactions
– Online stop payment instruction for cheques
HSBCnet
Payments. Cheque Outsourcing (COS) – con’t
Short Advice• payment amount• charges detail• value date• remitter• remitting bank• HSBC transaction reference• other reference
Long Advice• additional payment details in free text or table formats
Payments. Payments advising
Payments. Utilities Direct Debit
Automatic Direct debit Service
Remove tedious / unproductive payments over counters
A Capped limit can be set to avoid “over-billing”
MYR2.00 rebate per account for Telekom
MYR5.00 rebate per account for Maxis
TRANSFER DEBITTM1B892781331907ZAFA-00084 20:33:31 RM260.33-
Narrative in Statement
Saves Management Time for Repetitive Payments
Streamlined payments process
– Information is directly fed to HSBC from ERP and information is returned for reconciliation
– Remote authorisation & enhance control of payments.
Significant reduction in manual effort pre/post payments.
– Optimise resources as manual unproductive work is outsourced to HSBC.
– Payment advices to reduce the frequency of beneficiary enquiry on payment status.
Security of process and reduce the risk of fraud
– Information directly from ERP reduces risk of errors
– Positive pay encryption to ensure peace of mind in the local environment.
Beneficiary advising via e-mail
Comprehensive payment activity reporting
– Audit trails
– Payment activity reports
Payments. Advantages to AL Madinah International University
CollectionsRaising to next level
Integrated Receivables Solutions (IRS)
Receivables Management System (RMS)
A/R Reconciliation
Consolidated Reporting
Centralised Database
HSBCnet
Paper Receivables / Collection Service
Electronic Receivables/ Collection Service
• Cash/ cheque paid over the bank’s counter
• Mail-in cheques which are processed by Lockbox
• Cheques deposited directly via machines
• Local/ International Wire Transfer• ACH Credit• Direct Debit• In-house Transfer• Direct Debit via Credit Card
(recurrent payment)• Bill Payments (ATM, Internet)
Integrated Receivables Solutions
(IRS)
Collection
Services
Collections. Wholesale Lockbox (WLBX) - Cheques
Your Customers
Cheques + invoices/ pay-in
slips
Courier Pick-up
(BES)
Drop-Box/ Bulk
Deposit (QSM)
Physicalcheques
and invoices
Wholesale Lockbox System
Data & image capture
Lockbox transaction data and images (T+1)
Cheques sent to the Clearing House
RMS
Standard :
Basic info: cheque number, amount, invoice number, payor ID…
Enhanced :
Additional info: invoice issuance and due date, invoice references
Premium :
Whatever data capture parameters the customer has pre-agreed with the bank
Liquidity ManagementFor your ease of mind
Master Account
All Accounts
Operational Funds Efficiency Decrease Borrowing Cost
Reduces manual booking of rates
Cost Savings from OD charges (if any)
Earning profit on your account. Cash Concentration
Daily sweeps / reverse sweeps
Flexibility – Zero Balance, Threshold and Target
Profit calculated on daily rest and paid out on
month end
Option to maintain earnings on master
account or distribute back to sub-accounts
Earnings based on total end of day balances via Islamic Money Market
Placement
HSBC GLOBAL PAYMENTS & CASH MANAGEMENT
Thank You