LafargeHolcim Bangladesh joins hand with HSBC Bangladesh in payments automation

The Hongkong and Shanghai Banking Corporation Limited (HSBC) recently implemented Host-to-Host connectivity with LafargeHolcim Bangladesh Limited (LHBL) by integrating their Enterprise Resource Planning (ERP) system with HSBC Connect. 

HSBC is able to integrate its electronic banking platform with different standard ERP systems, which is defined as Host-to-Host connectivity, reads a press release. 

This Bangladesh-based system integration, coupled with a wide range of payment products, will help LHBL disburse its commercial and statutory payments with more efficiency and less operational risk.  

LHBL was looking for streamlined end-to-end payment activities to reduce cost, potential manual errors and other operation risks. 

They also needed an efficient tool for easy payment reconciliation. Leveraging this Host-to-Host connectivity LHBL will now be able to initiate all kinds of local disbursements over an encrypted network. 

This solution will also allow fully automated file transfer to and from HSBC along with account reporting and statement delivery.

CEO of LafargeHolcim Bangladesh Limited Rajesh Surana said, “With a single connection between LHBL ERP and HSBC Connect, we are able to make disbursement, both on real time basis and also through scheduled batch payments, which is saving us time and is reducing human error”.