News

HSBC to boost SCF with new Me-PO solution

Thursday 19 October 2017 00:31 CET | News

HSBC has introduced a matched electronic purchase order (Me-PO) financing solution to improve its release of working capital.

Developed by Bolero, the solution is designed to reduce the cost of invoice and purchase order processing between HSBC business customers and suppliers.

With this, both parties say they will have more visibility and be able to track and monitor purchase orders and invoices in real time.

Purchase orders and invoices can be automatically validated, processed, matched and approved. The approvals process enables purchasers and sellers to submit requests faster than traditional paper-based processes.


Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: HSBC, SCF, Me-PO solution, invoice, working capital, eInvoicing
Categories: Banking & Fintech
Companies:
Countries: World
This article is part of category

Banking & Fintech






Industry Events