HSBC has launched a Liquidity Management Portal to give corporate and financial institution clients a clearer picture of their cash position globally and provide tools to self-manage their liquidity, enabling improved funding and investment decisions.
Liquidity Management Dashboard
The portal includes a Liquidity Management Dashboard, which uses data visualisation to give Treasurers an accessible, real-time view of their cash and cash-equivalents, across multiple banks and products. At the click of a button, clients can drill-down from a consolidated view of their balances globally to an individual account, providing greater visibility and control of their short-term liquidity. Clients can view balances in a currency of their choice.
Suraj Kalati, Global Head of Liquidity and Investments, HSBC said: “Having timely and accurate liquidity data at your fingertips is essential for any Treasurer. HSBC’s Liquidity Management Portal centralises cash balance information, enabling clients to make faster and more informed decisions about deploying funds.”
The portal builds on HSBC’s liquidity management and deposit propositions, including HSBC Global Liquidity Solutions and HSBC Liquidity Investment Solutions. It adds self-service tools that enable clients to make changes to their liquidity structures or investments at their own convenience, to suit their dynamic business needs.
Based on live on-screen information, clients can make common changes to their liquidity structures, such as sweeping and inter-company lending arrangements. Decisions will be implemented immediately, increasing speed and efficiency, and reducing documentation while still providing a full audit trail. (See video here.)
Treasurers using HSBC Liquidity Investment Solutions will also be able to view and self- manage their investments in a range of short-term, triple-A rated money market funds. Consolidated reporting provides clients with full visibility of investments, sweep parameters, Market Indices and Fund Trackers.
Clients can access the Liquidity Management Portal from within HSBCnet, HSBC’s global online banking platform, without additional sign on.
Users and new features
Peter Graham, Regional Treasury Manager, Global Treasury, Ricoh Europe PLC said: “The Liquidity Management Portal is exactly what we have been looking for to address our needs for transparency and visibility of our liquidity across the globe, as well as a mechanism to quickly apply changes to our cash concentration structures. We will be delighted to use it in the future as it matches our demands for cutting edge technology and innovation.”
New features will be added to the Liquidity Management Portal next year. A Cash Flow Forecasting platform will increase the accuracy, consistency and quality of cash forecasting processes. The portal will also provide access to on and off balance sheet investments, enabling client to execute active investments in a wide range of funds.
CTMfile take: HSBC’s Liquidity Management Portal is clearly an important improvement in liquidity management for their clients, but does it make them over-dependent on HSBC?
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