Crocs Asia Chooses HSBC for Cash Management
HSBC Global Payments and Cash Management has been appointed to provide cash management services to Crocs Asia (Crocs) across nine countries including Australia, China, Hong Kong, India, Japan, Korea, New Zealand, Singapore and Taiwan. Crocs is a designer, manufacturer and retailer of performance casual footwear for men, women and children, with its regional headquarters in Singapore.
Previously, Crocs had been using both local and international banks. HSBC’s solution allows for a single point of contact, as well as increased visibility across the firm’s cash positions. A new cheque outsourcing solution (COS) and other payments services delivered via the bank’s Internet-based electronic banking platform, HSBCnet, are also included in the solution, integrating with Croc’s back office platform and streamlining operations for more efficient processing.
Annie Yong, senior regional finance director, Asia Pacific at Crocs, said: “HSBC has shown commitment and high standards in their service level that support the growth of our business. Understanding our requirements and with their presence and capabilities in the region, we believe that HSBC will be able to partner us across Asia Pacific as our business grows and evolves.”