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HSBC has partnered with SAP Concur to help companies simplify the management of their Business-to-Business spend. HSBC customers can now manage the invoice process via Concur Invoice and pay eligible card-accepting suppliers with secure, single-use HSBC virtual cards, gaining full control over payments and simplifying the reconciliation process.

When receiving an invoice from your supplier, a virtual card is generated against that invoice for a specific amount within Concur Invoice, and pre-authorised payment details are securely sent to that supplier for processing. The payment is automatically matched against the invoice, reducing the need for manual reconciliation.

With HSBC Virtual card and Concur Invoice you can:

• Optimise working capital with an interest free period of credit
• Reduce the possibility of fraud and errors, i.e. avoid duplicate payments
• Simplify, automate, and optimise your invoice and payment workflows
• Set controls over supplier, amount, and date of payment
• Achieve more accurate payment to invoice reconciliation and report on the details
• Capture more of your qualifying spend on your card programme to increase control and visibility over your supply chain
• Eliminate inefficient payment solutions, such as cheques
• Accelerate payment to suppliers

This solution is available to existing HSBC customers in the UK and Continental Europe.

Speak to your HSBC Relationship Manager if you would like to learn more.

Once you have been setup for HSBC Virtual Card, integrated with Concur Invoice, click “Login to connect” at the top right of this page

Visit https://www.business.hsbc.com/corporate-cards/virtual-card to learn more.

Note: Users are subject to the terms of the Customer Agreement for Concur Invoice and fees from SAP Concur may apply. Refer to SAP Concur for Concur Invoice fees.