In cash management, the aviation sector has been grappling for years with reconciliation and visibility of a large number of physical client accounts. These are exactly the problems that innovative solutions such as APIs and virtual accounts help tackle.
With its bespoke, flexible and adaptable API and virtual account solutions, HSBC has been working with clients such as Jazeera Airways to streamline and optimise their treasury operations.
HSBC’s tailored API solutions led to a significant reduction in resource hours and improved accuracy of data, while automation and visibility slashed processing costs, eliminated duplication of records and increased the ability to facilitate electronic payments. 1
“In India and in the UAE, we are dealing with around 300 to 400 agents. Thanks to the solution that HSBC offered, we managed to cut down on a lot of personnel effort as it runs seamlessly,” said Silveria at Jazeera Airways.
“We hope to extend this solution to other geographies,” she added.
Having spent some U.S.$2.3 billion on enhancing its digital solutions over the past 10 years, HSBC is the right partner for companies looking to transform their treasury operations to fit the future, while also benefiting from its global presence providing customer support across multiple countries.
Along with Virtual Accounts, HSBC’s Corporate and Treasury APIs help unlock new possibilities for businesses, making it easier to manage cash and make more informed daily treasury decisions. They also reduce the risk of fraud and improve overall corporate governance.
Planning to streamline your treasury operations or want to learn more about how APIs and virtual accounts could help your business? Talk to one of our specialists today.