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Kofax KTA helps HSBC simplify invoice reconciliation process

Cash Management Solution for Banks

In a banking institution, the term Cash Management refers to the day-to-day administration of managing cash inflows and outflows. The ultimate goal of cash management is to maximize liquidity and minimize the cost of funds. In business, it is a key aspect of an organization's financial stability.

Banks offer Cash Management Services to their corporate clients to enable them to quickly identify receivables against the relevant customer and contract, keep track of funds held across multiple bank accounts, and use all of this information to forecast future cash flow that helps to inform decisions that relate to meeting payment obligations, investments, as well as the repatriation of dividends.

Hear from Kofax customer, HSBC on their Receivables Management Solution through this interview with International Data Corporation (IDC), HSBC and Kofax. Find out how Kofax KTA solution helps HSBC simplify the invoice reconciliation process for their corporate customers across Asia Pacific.

That’s the collaboration. There are a number of backend systems in HSBC with the financial information we collect from the payer and our customer. The Kofax system that we have implemented brings in machine learning that enables us to enrich the data, which makes straight-through processing possible.
Vengadasalam Venkatachalam
Head of Product Management, Global Payments Solutions, South East Asia, HSBC

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