HSBC wins Indonesia’s best cash management deal for its transformative cash management solution developed for a leading multinational facilities management company, ISS, addressing complex treasury challenges arising from fragmented banking relationships, manual liquidity management and limited visibility over onshore cash.
The client sought to centralise treasury operations, automate key processes and improve working capital utilisation across its Indonesian business. HSBC implemented a highly customised solution combining automated cross-bank cash pooling, real-time liquidity visibility, payment standardisation and scalable virtual account capabilities.
Execution was seamless, with the solution delivered with minimal disruption despite the complexity
Execution was seamless, with the solution delivered with minimal disruption despite the complexity of migrating large volumes of collection arrangements and integrating multiple banking relationships.
The benefits were significant.
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