Managing local and international payments and monthly payroll was made easy through HSBCnet. Even though most employees were working remotely, the company was able to carry out all operations smoothly and efficiently during the COVID-19 crisis.
“HSBCnet helped us navigate these difficult times,” says Mayur Sanghani, Group Head, Corporate Accounts, Treasury & Credit at Khimji Ramdas.
"We found HSBCnet seamless and its team always available 24/7 to support us, sometimes even at night,” he says.
With a robust IT infrastructure and a pool of tech savvy employees across the group, the company is looking forward to working closely with HSBC on new projects that could help improve its business efficiency, such as onboarding to HSBC Connect and Internet Trade Services (ITS) to support its trade transaction needs.
Planning for sustainable growth
The pandemic has seen quite a number of businesses running into serious survival issues due to cash flow problems. A sustainable growth plan is critical for any organisation to tide over crises like these.Khimji Ramdas now plans to focus on expanding those businesses that fared well, keep its portfolio well diversified and invest in newer technologies, people and processes.
"We will continue to make sure that our borrowing and leverage is judicious, keeping the current scenario in mind” says Tandon.
"Revenue is vanity, profit is sanity and cash is the king. That is what we will continue to follow,” he concludes.