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EDI Receiver Service allows your company to receive the non-financial details of electronic payments made to your HSBC Cash Management Account. Payments from your business partners are directly credited to your account – eliminating the hassle of processing paper cheques and preparing deposits for them. Plus, you eliminate the possibility of your cheques being lost or stolen and of clerical errors that result from manual processing.
In addition to providing quick access to your funds, EDI Receiver Service provides you with prompt detailed reports on your transactions each day to help streamline your accounts receivable and reconciliation activities without requiring you to invest in expensive EDI technology.
Depending on your business and technology needs, we can remit payment details and supporting information, such as corresponding invoice number and date, in a variety of formats. We can send the data directly to your A/R system, computer, or fax machine. Or we can post your files to a secure website for you to access at your convenience.
Key Benefits and Features
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Consolidates all EDI payment information made through HSBC Bank Canada in an EDI format, establishing a single communication portal for the delivery of all EDI payment information
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Enables receipt of EDI payment information by non-EDI companies via their preferred format (fax, e-mail or Web report)
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EDI file can be downloaded into accounts receivables application
