Dhaka, Tuesday


28 September 2021


Business Insider Bangladesh

HSBC brings cash flow forecasting service for businesses

BI Report || BusinessInsider

Published: 17:31, 12 September 2021  
HSBC brings cash flow forecasting service for businesses

HSBC logo.

HSBC Bangladesh has recently brought a fully integrated forecasting solution on cash flow, which allows businesses to generate a more accurate view of their future finances and liquidity position.

Called HSBC Cash Flow Forecasting, it offers clients a single point of access for all their cash management needs, said a press release.

“As part of HSBC’s drive for digital innovation, our cash flow forecasting tool can provide treasurers with the functionality they need to do just that,” said Kevin Green, country head of wholesale banking of HSBC Bangladesh.

One can enter the forecasting solution, using the bank’s digital banking platform- HSBCnet, the release said.

The tool is fully integrated – automatically loading data from a client’s account – and can also work cohesively with the client’s systems, it added.

This allows details of pending invoices or future-dated events to be added automatically, reducing manual intervention and significantly cutting the time taken to prepare a forecast, it added.

The tool reduces engagement of resources in manual spreadsheet administration which is generally involved in cash flow forecasting to allow businesses to focus on higher-value generating activities.

It also produces sophisticated cash forecasts covering a three-year horizon.

The modelling and scenario testing capability allow clients to create customised forecasts with ease.

Detailed variance analysis will highlight differences between forecasts and actual performance – meaning clients can spot cash surplus or deficits and further refine the accuracy of their forecast.

Nagad