HSBC sets host-to-host integration solution for Hirdaramani Group

FE Team | Published: February 16, 2024 00:31:38

The HSBC Bangladesh and Hirdaramani Group have entered into an agreement to offer Host-to-Host payment solutions for Hirdaramani Group Bangladesh. Gerard Haughey, Country Head of Wholesale Banking, HSBC Bangladesh, and Aroon Hirdaramani, Director, Hirdaramani Group, signed the agreement.

The HSBC Bangladesh and Hirdaramani Group have recently signed an agreement to offer Host-to-Host payment solutions for Hirdaramani Group Bangladesh, one of the largest readymade garment manufacturers in the country, says a ststemnet.
This digital service will enable Hirdaramani Group to process a variety of payments directly from their ERP (Enterprise Resource Planning) system and will providegreater financial flexibility for payments and reconciliation, which will meet their increasingly sophisticated business needs.
In the apparel sector, Hirdaramani Group is one of the top garment manufacturers in Asia with proven track record in producing knitted and woven apparels for worldwide clothing brands since 1892.
Gerard Haughey, Country Head of Wholesale Banking, HSBC Bangladesh, and Aroon Hirdaramani, Director, Hirdaramani Group, signed the agreement. Stuart Rogers, Regional Head of International Markets, Commercial Banking, Asia Pacific, HSBC, Manoj Dugar, Regional Co-Head, Global Payments Solutions, Asia Pacific, HSBC, and other senior officials from HSBC Bangladesh attended the agreement signing ceremony.
HSBC's state-of-the-art H2H solution is a fully automated single interface offering a wide range of HSBC banking services. The widely compatible solution can be fully integrated with clients' existing industry standard ERPs to further streamline work processes. The integration improves straight-through processing capabilities and automates client's reconciliation and treasury activities.
Manoj Dugar, Regional Co-Head, Global Payments Solutions, Asia Pacific, HSBC, said, "At HSBC, we are digitising at scale across our international network using technology to create excellent customer experiences, to make HSBC more efficient, and to open up new growth opportunities. With our innovative financial solutions, I am sure that Hirdaramani's H2H connectivity will ensure seamless end-to-end flow in their working capital management.