HPD Software & HSBC announce cooperation to optimise ABL procedures
HSBC and HPD Software are pleased to announce that their cooperation to optimise HSBC’s asset based lending procedures has successfully passed the initial trial phase. HSBC will now offer their Integrated Data Solutions (IDS) product across their SME customer base, improving and streamlining the user experience for SMEs that are looking for or are already using receivables based working capital facilities.
HPD’s Gemini solution is the bridge between the customer’s accounting software and HSBC’s internal financing platform, offering a hands free experience for the client and better efficiency from the bank’s perspective; opening up the possibility of offering more Invoice Discounting facilities whilst reducing the traditional hands on approach.
HSBC’s dedication to provide state of the art funding to the SME market and HPD’s commitment to helping business finance business is an example on how technology can help establish hassle free funding for growing businesses.
Nick Hampton, head of client services said: “The use of data extraction in the Receivables Finance market continues on an exciting journey. HSBC have centred the program around our customers, by improving the customer experience, enhancing data analytics, enabling quicker and improved access to essential cash flow finance.”
