Transcript Cash Management Solutions Al Madinah International University
HSBC GLOBAL PAYMENTS & CASH MANAGEMENT
Cash Management Solutions Al Madinah International University
Delivery Channel
Global Online Platform - HSBCnet
Global Platform.
HSBCnet suggested structure
Main HSBCnet Profile AL Madinah International Foundation AL Madinah Resources 3 rd party reporting via SWIFT MT940
Existing/Future entities can be added onto profile as associates for increased visibility and scalability Integrated Payments Solution Integrated Receivables Solution Integrated Liquidity Solution
Payments
At your fingertips
Payments.
Cheque Outsourcing (COS) • 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) – con’t Manual input for ad-hoc payments
HSBCnet Cheque Outsourcing engine
Draft dispatched Cashiers Order dispatched Payment File Upload from ERP Payment Advice 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 Mail Courier Email
Payments.
Payments advising • • • • • •
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. Utilities Direct Debit
Automatic Direct debit Service
Remove tedious / unproductive payments over counters
TRANSFER DEBIT TM1 B892781331907 ZAFA-00084 20:33:31 RM260.33-
Narrative in Statement
A Capped limit can be set to avoid “over-billing”
MYR2.00 rebate per account for Telekom
MYR5.00 rebate per account for Maxis
Saves Management Time for Repetitive Payments
Payments.
Advantages to AL Madinah International University
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
Collections
Raising to next level
Integrated Receivables Solutions (IRS)
HSBC
net
Integrated Receivables Solutions (IRS) A/R Reconciliation Centralised Database Receivables Management System (RMS) Collection Services Paper Receivables / Collection Service
• Cash/ cheque paid over the bank’s counter • Mail-in cheques which are processed by Lockbox • Cheques deposited directly via machines
Consolidated Reporting Electronic Receivables/ Collection Service
• Local/ International Wire Transfer • ACH Credit • Direct Debit • In-house Transfer • Direct Debit via Credit Card (recurrent payment) • Bill Payments (ATM, Internet)
Collections. Wholesale Lockbox (WLBX) - Cheques
Your Customers Cheques + invoices/ pay-in slips Courier Pick-up (BES) Drop-Box/ Bulk Deposit (QSM) Physical cheques and invoices Lockbox transaction data and images (T+1) Wholesale Lockbox System Data & image capture Cheques sent to the Clearing House 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
RMS
Liquidity Management
For your ease of mind
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
Master Account
All Accounts
Operational Funds Efficiency Decrease Borrowing Cost
Reduces manual booking of rates Cost Savings from OD charges (if any)
HSBC GLOBAL PAYMENTS & CASH MANAGEMENT