(MENAFN- The Peninsula) The Peninsula
Anvin Infosystems through their AdlER software facilitated a full suite Corporate and Treasury integration with HSBC's Corporate and Treasury API for a complete automated digital experience for their client Dyarco, as an industry first. The automation includes real-time account balances, bank statements, payment initiations and payment status enquiries.
With the integrated solution the Corporate and Treasury API has allowed Dyarco to make prompt treasury decisions by leveraging real-time visibility of account balances and seamless flow of transactions. This also offer improved security and efficiency, enabled by transitioning from a paper-based framework to an automated payment proposition, including processing, query handling, instant payment status updates and automated reconciliation. This leads to elimination of human errors, manpower cost saving, while the solution itself is simple and secure. Dyarco's own vendors also enjoy an improved experience with the reduction in the payment processing cycle
Dileep Balakrishnan, CEO of Anvin Infosystems said:“We have been focussing on improving the work efficiency of our customers through digital transformation with process automation, and the latest integration with the Corporate and Treasury API is a major milestone in this journey. We are committed to transforming the conventional businesses to intelligent enterprises and are excited to partner with HSBC on this attempt where it helps our customers to transform the way they have been handling bank transactions.”
Customers using the AdlER ERP can link to their HSBC accounts through the Corporate and Treasury API, activating seamless and automatic transactions between bank accounts and the AdlER ERP. This feature benefits businesses by enabling the automation of manual transactional bookkeeping work with data flowing seamlessly from the bank into the ERP, saving significant amounts of time as businesses strive to increase efficiency and productivity.
“We are pleased with the AdlER – HSBC's Corporate and Treasury API solution, which gives us a great competitive edge and allows us to run our daily treasury operations much more efficiently. Throughout the implementation Anvin approach demonstrated its in-depth expertise and flexibility during the time of implementation, which was also very quick,” says, Adil Abdul Aziz Group CFO of Dyarco International Group.
An increasing number of businesses globally are seeking to sharpen their competitive edge after the coronavirus pandemic has disrupted industries, creating new challenges and accelerating the transition to a digital economy.
“To digitize at scale is one of HSBC's strategic priorities, driving the digital economy and improving efficiency of processes to make banking simpler, easier and faster. HSBCs' Corporate and Treasury API solution fast track the modernisation process for customers and futureproof their sustainable growth,” says Mehul Thanki, Regional Head Digital Channels, Wholesale, HSBC MENAT.
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