HSBC - SystemsAccountants

Estimated reading time: 1 minute HSBC

Tier 1 supplier recognition with the UK’s largest bank

HSBC is the UK’s largest bank and seventh worldwide, managing over $2.37 trillion in assets and employing 235,000 people.

The challenge:

With its size, geographic complexity and exacting needs, HSBC has a rigorous programme to select resourcing partners. They look for specialist suppliers  who fit highly niche categories across their Finance  & IT functions. Driven by regulatory and compliance legislation HSBC had a business critical, time dependent need to retrospectively modify and enhance it core GL systems and provide greater capability, rigour and accuracy in reporting.

The solution:

Our 20 year track record in the financial services sector combined with our reputation as a highly niche specialist we were appointed as a tier 1 supplier of specialist finance projects and systems resources to both the global investment bank and UK retail bank.

The outcome:

Over an 18-month period, we have provided over 20 interim consultants to help support their Global Finance Change Programme, PeopleSoft EFP/GL implementation, Cognos/TM1 MI programme and Liquidity Risk project.  The resources SA provided not only ensured the on time / on budget delivery of systems but crucially enabled HSBS to honour their obligations to regulators and simultaneously  significantly enhanced their Liquidy Risk reporting

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