To achieve its treasury goals, DSV chose to work with HSBC as one of its lead cash management banks. “We needed a reliable banking partner that could help us scale our treasury activities. HSBC’s global network and deep experience in cash management has been a huge value-add to our growing business,” Theis said.
HSBC has been a partner with DSV since 2011 providing full transaction banking globally in addition to services from DCM, ECM, M&A, Trade Finance and Foreign Exchange. DSV place a focus on strong communication with their banking partners to ensure the banks deliver against the company ethos in efficiency, standardisation. Relationships on the ground and the ability to serve entities in-country, regionally and globally is key.
HSBC has supported DSV in a variety of ways, including working capital, integration, and implementation across the multiple acquisitions. DSV and HSBC also worked together to integrate the firm’s treasury systems and deploy APIs to a wide range of markets via the bank’s global reach, enabling real-time data collection.
Treasury APIs are creating a paradigm shift in how data is collected and used. For data-driven organisations such as DSV, this technology is helping the company centralise, standardise and scale its treasury platforms. It also goes to the heart of the company’s customer experience.