HSBC Bangladesh has recently launched HSBC Cash Flow Forecasting tool, a fully integrated forecasting solution on cash flow. With this, a business will identify an accurate visage of their liquidity position and future finances.
It will offer clients the bank’s digital banking platform- HSBCnet, a single point of access for all their cash management needs. The tool is fully integrated, automatically loading data from a client’s account and can also work cohesively with the client’s systems.
This allows details of pending invoices or future-dated events to be added automatically, reducing manual intervention and significantly cutting the time taken to prepare a forecast, it added.
The tool reduces engagement of resources in manual spreadsheet administration. It’s modelling and scenario testing capability easily allow clients to create customized forecasts
It also complements HSBC’s other cash and liquidity management products across payables, receivables, clearing and foreign currency, liquidity, liability and investments as efficiently as possible to the customers.