Best Cash Flow Forecasting Solution - WINNER
HP
A global leader in personal computing and imaging technologies, HP Inc., has transformed its treasury operations in Asia Pacific by adopting HSBC’s Cash Flow Forecasting (CFF) solution. HP’s regional treasury team successfully moved from a 100% manual process to a 100% automated workflow across five markets, and in a short time frame. In fact, each implementation took just a few weeks and required minimal IT or financial resources.
Despite having an established TMS for company-wide cash forecasts, HP’s treasury team faced challenges at the entity level. A headache no doubt familiar to many treasury leaders.
Cash positioning and forecasting relied heavily on manual processes, with transaction flows consolidated into Excel spreadsheets. In addition, each entity required three to four hours’ detailed manual effort for analysis, amounting to hundreds of hours across the region and leaving little time for strategic initiatives. Reliance on static historical data also made it difficult to adapt to real-time market conditions, impacting financial decisions.
What’s more, manual methods simply could not keep up with HP’s expansive operations, meaning it was difficult to scale forecasting efficiently across multiple markets. HP urgently needed a solution that could automate forecasting, improve accuracy, and provide real-time insights into cash positions across entities and currencies.
Getting future-ready
To help tackle these issues, HP partnered with HSBC to implement a smart CFF tool, an integrated module within the HSBCnet platform. The solution quickly and easily automates cash flow analysis and forecasting processes, requiring minimal IT involvement. Following a successful prototype implementation, the tool was rolled out to five additional markets by August 2024, covering more than 30 accounts across 16 entities, with plans for further expansion.
The implementation process went smoothly and the tool now provides real-time visibility into cash positions and forecasts, enabling the treasury team to gather actionable insights. A one-time configuration also enabled automated data feeds, eliminating the need for manual consolidation. In addition, third-party bank accounts were also integrated, providing treasury with a comprehensive – and importantly, bank-agnostic – view of cash positions across all entities.
A scalable smart solution
Through this cutting-edge project, HP has achieved considerable cost and time savings by automating its cash flow forecasting in the current higher interest rate environment. The enhanced forecasting accuracy enables the treasury to monitor better cash inflows and outflows, prioritise transactional flows, and optimise liquidity. This reduces reliance on external borrowing and unlocks cheaper internal funding sources, helping HP’s treasury meet its KPIs and operational goals.
The solution’s scalability ensures it can support HP’s continued growth across new markets. Siew Cheng Lim, APAC Treasury Regional Manager, HP, explains the positive impact: “The CFF platform has transformed how we manage liquidity. Real-time insights and automation have dramatically improved our forecasting accuracy and operational efficiency.” While Loh Kuai Yee, Treasury Director, HP, adds: “By streamlining cash management, we’ve unlocked internal funding and strengthened HP’s financial resilience in a challenging economic landscape.”
This achievement is rightly recognised at the TMI Awards 2025 as the Best Cash Flow Forecasting Solution, celebrating the strategic partnership between HP and HSBC, where innovation has delivered measurable results and freed up the team to concentrate on more strategic treasury tasks.
