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Cheque Outsourcing Service
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What is the Cheque Outsourcing Service?
HSBC's Cheque Outsourcing Service enables you to outsource to HSBC the production, issuance and distribution of your local and foreign currency cheque payments. The service allows you to focus on your core business activities by freeing you of these manual processes, and is suitable for companies which make regular cheque payments to suppliers and vendors, or other payments to your retail customers.
| Our promise to you | What you can achieve |
| Streamline payments process, freeing you from intensive manual tasks |
Submit bulk instructions, stop payment requests electronically via HSBCnet, our global Internet banking system Automate your accounts payable reconciliation |
| Improve cash forecasting and management control across your cheque payments |
Increase visibility of information online which allows you to make real-time queries on your cheque payments Facilitate your tracking of cheque status via reports delivered via HSBCnet Support automated refund for unclaimed cheques |
| Improve supplier and vendor relationships, whilst enhancing brand loyalty |
Send payment advices automatically to suppliers and vendors to assist them with their receivables reconciliation Support auto printing of your company name |
Find out more:
For more information about the Cheque Outsourcing Service and other tailored cash management solutions, please contact your relationship manager or cash management specialist today.
