Cash Flow Forecasting now available to Commercial Banking clients in HSBCNet
The tool is fully integrated, automatically loading data from a client’s account. Customers who previously spent weeks producing spreadsheet-based predictions by manually retrieving data from their internal and banking systems can have results in an instant.
“Efficient cash flow forecasting is critical to effective liquidity management, allowing clients to budget effectively, and plan the future. And the uncertainties and business disruptions of COVID-19 have only made this more important. The HSBC Cash Flow Forecasting tool gives companies actionable insights to help build their business, through an intuitive and interactive user experience,” said
HSBC’s Cash Flow Forecasting produces sophisticated cash forecasts for up to a three-year horizon. Modelling and scenario testing creates easy bespoke forecasts, and detailed variance analysis highlights differences between forecasts and actual performance – allowing clients to take action to improve their forecast accuracy. All of this will be offered to
The tool complements HSBC’s other liquidity management products: the portfolio includes cash management products across payables, receivables, clearing and foreign currency, liquidity, liability and investments, and corporate credit cards, to help our client treasuries be as efficient and effective as possible.
Note to editors:
HSBC Commercial Banking
For over 150 years we have been where the growth is, connecting customers to opportunities. Today, HSBC Commercial Banking serves around 1.4 million customers across 53 markets, ranging from small enterprises focused primarily on their home markets through to corporates operating across borders. Whether it is working capital, term loans, trade finance or payments and cash management solutions, we provide the tools and expertise that businesses need to thrive. As the cornerstone of the
For more information, visit www.hsbc.ca or follow us on Twitter: @hsbc_ca or Facebook: @HSBCCanada
View source version on businesswire.com: https://www.businesswire.com/news/home/20210114005060/en/
Source: