• Innovation
    • Automation

Automating reconciliation for J-Express through HSBC DART

  • 3 MIN. READ
  • Article

PT Jaya Ekspress Transindo (J-Express) is a dedicated logistics company, providing solutions for online sellers and corporate clients in Indonesia.

About J-Express

J-Express offers unique services for B2B deliveries, including cash on delivery, card swipe on delivery and extensive tracking apps which make online business more efficient and effective.

Video Player is loading.
Current Time 0:00
Duration 0:00
Loaded: 0%
Stream Type LIVE
Remaining Time 0:00
 
1x
    • Chapters
    • descriptions off, selected
    • subtitles off, selected

      The Challenge

      To support its growth, J-Express needed:

      • A scalable, fully digitised collection and reconciliation solution
      • A reliable cash management bank with proven strong track record
      • Integration with its enterprise resource planning (ERP) platform

      We are committed to strengthen our digital proposition to enable our clients to reconcile customer payments automatically.

      Eri Budiono | Commercial Banking Director, PT Bank HSBC Indonesia

      The Solution

      • J-Express implemented HSBC’s Digital Accounts Receivables Tool (DART), a digital platform that connects buyers and sellers online
      • DART automates settlement and reconciliation of invoices, with full ERP integration

      Customer payments and reconciliation at J-Express

      HSBC DART

      DART is a B2B invoice management platform that allows companies and customers to exchange information about open invoices and make payments.

      By automating collection processes, our finance team has become more efficient, and we are able to provide the best service to our customers.

      Leonard Johanes Pontoh | Chief Financial Officer, PT Jaya Ekspress Transindo

      The Outcome


      HSBC DART benefits both J-Express and its customers

      For J-Express:

      • Straight-through reconciliation rates increased from 40% to 100%

      • Up to 50% reduction in reconciliation time

      • Faster deployment of working capital

      • An easy, scalable digital solution

      Customers of J-Express can:

      • Receive invoices digitally

      • Select invoices to pay online

      • Pay simply via their preferred payment method

      • Unlock credit lines more quickly to enable more business

      Download the one-page customer story

      Need help?

      For more information, please contact your HSBC representative.