HSBC Purchasing Card

A complete solution to simplify corporate procurement
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HSBC Purchasing Card

The HSBC Purchasing Card allows your authorised employees and suppliers to manage day to day expenses, whether it is for stationery, computer supplies, training courses or other procurement needs. Together with the HSBC online reporting platform MiVision, it can help standardise and streamline the procurement process, provide cost savings and increase financial visibility.

Key benefits

Stay firmly in control of day-to-day expenses and smooth your procurement process

  • Convenient purchase of goods and services
  • Purchaser and merchant management to enhance working capital control
  • Streamlined procure-to-pay process
  • Fraud protection and zero liability for misuse
  • Ability to negotiate better terms with suppliers and reduce payment costs
  • Real time management of cards
  • Powerful online management and reporting

 

 

 

Take a closer look

Convenient purchase of goods and services

  • Authorise and manage vendor payments from one-off purchases with unmanaged suppliers, to regular spend with key strategic providers
  • Authorise employee expenses - whether that’s stationery, computer supplies or training courses
  • Use the card in-store, online or over the phone for domestic and overseas purchases

Purchaser and merchant management to enhance working capital control

  • Purchaser management: set individual credit limits, breakdown expenses by department, country and transaction type, set daily transaction limits etc.
  • Merchant control: limit usage to specific supplier categories, block certain supplier types etc.

Streamlined procure-to-pay process

  • Streamlined procurement and accounts payable processes, reducing manual effort
  • Reduce the need to carry cash

Fraud protection and liability zero liability for misuse

  • Fraud detection software to detect fraudulent transactions and increase security
  • Zero corporate liability against deliberate misuse by cardholders*

Ability to negotiate better terms with suppliers and reduce payment costs

  • Leverage up to 55 interest-free days to help you leverage your cash flow for better working capital
  • Faster payments to suppliers provides leverage to negotiate better purchase terms
  • Real-time reporting insights to compare costs and control expenses
  • Streamlined payment processing and reporting can help achieve time and cost efficiencies by reducing manual accounts payable processes.

Powerful online management and reporting

Easily manage cardholders and their spending in real time with HSBC's powerful online management platforms MiVision and Mastercard's Smart Data, giving you the control and insight to better monitor costs and maximize efficiency. Learn more

Terms & Conditions
*Zero liability for misuse is underwritten by Allianz Australia Insurance. Claims are subject to the applicable terms and conditions. Please speak to us for more information.



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