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Posted On: 22 December 2011 12:29 pm
Updated On: 12 November 2020 02:11 pm

HSBC simplifies cash management

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HSBC Global Payments and Cash Management has launched ClientSphere, an online product, which will help its Mena customers speed up and simplify implementation of complex cash management solutions. ClientSphere will allow customers to easily manage and monitor all up-to-date activities in one place - regardless of country, HSBC said. HSBC is the “first financial services provider in the region” to share its own best in class project management platform to enhance the efficiency of the implementation process. Described as “cutting edge” by the industry, it puts customers in the driving seat, giving them full visibility and control throughout the process. ClientSphere offers customers convenience and real time collaboration with their project team colleagues anywhere and at anytime. Its ability to automatically generate regular and comprehensive update reports significantly reduces time and resources otherwise incurred by them. Accessed through HSBCnet, ClientSphere is designed in the form of a ‘consistently updated’ dashboard. It provides full visibility and real time information of project status (including across multiple countries where necessary), monitors milestones during the implementation process, tracks outstanding issues and apportions accountability to the relevant persons. ClientSphere is now available in seven countries across Mena - Qatar, Bahrain, Kuwait, Oman, UAE, Egypt and Jordan. Speaking about his experiences through the pilot phase, Nauman Asif, CFO at said: “ has local presence across nine countries in Middle East and North Africa and HSBC Global Payment and Cash Management team is assisting us in consolidating our bank accounts. ClientSphere facilitates us in managing our communication and helps us to monitor the implementation progress with an added feature of highlighting any outstanding issues.” At a regional launch, Natasha Patel, HSBC Middle East regional head (Global Payments and Cash Management) said, “ClientSphere is a customer driven product originally launched by HSBC in Asia Pacific in 2010 in response to our customers’ needs to enhance the efficiency of the implementation process. Since then, it has proven to reduce implementation processing time by 20%. Following a successful pilot phase, we are excited to finally be in a position to introduce ClientSphere to the Mena region. We believe this award winning product is a clear differentiator in the market and one which maximises the value of our overall cash management proposition.” Gulf Times