CASETiFY worked with HSBC on implementing various new technologies to drive more organisational efficiency. For payments, CASETiFY utilised HSBC’s application programming interfaces (APIs) to allow transaction and account balance information to be fed into their Oracle NetSuite system in real-time. As a result, payment creation and approval is significantly expedited as staff no longer need to use a separate platform to gain and review the relevant payment details.
CASETiFY also decided to join HSBC’s Virtual Card (VC) programme to drive greater efficiency on digital payments. With this, CASETiFY generates unique Virtual Card numbers (VCNs) to pay vendors. VCNs are automatically matched to their respective payment on a consolidated report that CASETiFY downloads from the VC web portal, speeding up reconciliation considerably. Custom limits on spend and use can also be set for each VC, allowing CASETiFY to gain greater control on card usage.
For collections, PayMe was introduced as a lower-cost digital alternative for customers to pay with on CASETiFY’s online shop.