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Virtual Accounts

Virtual Accounts

Virtual Accounts for greater visibility of your receivables.

On 20 October 2011, HSBC announced the launch of Virtual Account an addition to HSBC’s Integrated Receivables Solution (IRS) suite which provides consolidated collection reporting and receivables advising, to help customers manage their receivables more effectively.

Key benefits of Virtual Account include, identifying and attaching payer’s information to collections, improving management reporting by capturing all Virtual Account transactions on statements in real time, better credit control through swift reconciliation of collections information and enhanced visibility through the Receivables Advising function.

Contact Us - Global Payments and Cash Management, Head of Sales and Business Development
+94(0)114 793 336