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HSBC Virtual Accounts

Reimagine Your Corporate Treasury.

The strategic role of treasury has taken on great importance for companies looking for ways to improve upon their cash management. Companies are looking for innovative solutions to adapt to the changes in technology and regulatory requirements, with opportunities to transform working capital management with greater control and centralisation.

Virtual Accounts illustrates HSBC’s longstanding commitment to provide forward-thinking payment solutions allowing companies the ability to reimagine corporate treasury. Virtual Accounts support both receivable and payable payment types and allows a company to improve receivable reconciliation, and effectively manage centralized payment processes.

Learn more about HSBC’s Virtual Account solution, and how companies can achieve cost savings, account security, reduce manual processes and streamline reconciliation below.

Why HSBC Virtual Accounts?

Our next generation Virtual Accounts proposition enables you to:

Designate individual Virtual Accounts to represent your business units, affiliates, customers and more.

Concentrate cash in one physical account, while the Virtual Accounts provide reporting to support daily reconciliations.

Manage your Virtual Account structure using our self-service tool.

The Power of Virtual Accounts

Why are virtual accounts one of the top innovative products in banking?

Virtual Accounts allow for sub-ledger reporting of transaction data, while the settlement of your funds naturally concentrate into your physical bank account.

Virtual Accounts provide a solution to reduce the number of managed physical accounts, while respecting the detailed transaction and balance information needed for reconciliation.

Any number of Virtual accounts can be associated to your physical bank account, and you assign the purpose for each Virtual Account.

A virtual account structure supports both receivable and payable payment types and allows the company to self-allocate virtual accounts and define required reporting. HSBC’s Virtual Account solution can deliver cost savings, account security, reduce manual processes and streamline reconciliation.

HSBC Virtual Accounts

Why HSBC Virtual Accounts?

The Power of Virtual Accounts

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