3i Infotech Partners With HSBC

3i Infotech, a provider of IT solutions, has signed a deal with HSBC Bank Plc (HSBC), to implement Reporting to Clients for its Cash Management and Payments division. Reporting to Clients will be used in conjunction with Client Money Manager

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3i Infotech, a provider of IT solutions, has signed a deal with HSBC Bank Plc (HSBC), to implement Reporting to Clients for its Cash Management and Payments division. Reporting to Clients will be used in conjunction with Client Money Manager (CMM), HSBCs third party fund management system.

As part of HSBCs strategic plans to expand its CMM offering, it is investing in the service, with one of the areas targeted for improvement being statements and reporting.

Reporting to Clients will significantly improve the efficiency of CMMs reporting process, including the production of statements. The solution will also empower the business to create reports in a streamlined and consistent fashion greatly reducing lead-times and improving customer satisfaction when using the CMM system. Moreover, Reporting to Clients will enable HSBC to design, amend and customise bank statements without the historical dependence on the IT department.

Reporting to Clients is a formidable, workflow-enabled client reporting solution that provides complete automation of report production, distribution and electronic storage. The solution has been built in such a way that it can take in data from any source before processing it for distribution, and as such it caters for a myriad of reporting requirements.

We are delighted to be working with HBSCs Client Money Manager service to help deliver improvements to the production and presentation of its statements and other reports, says Ian Hallam, product director, 3i Infotech Western Europe. To date Reporting to Clients has been predominantly used by investment managers so it is very pleasing to see the use of this application extended to commercial banking, which highlights the flexibility of the solution.

D.C.

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