MiVision Premium factsheet - Business banking - HSBC

MiVision Premium
Factsheet
This could be the right solution for you
■ If you are an organisation looking for an end to end
expense management solution.
■ If you have a Corporate or Purchasing Card programme.
■ If you want to reduce manual processing of expense
claims and improve compliance with internal procedures.
■ If you want detailed management information covering
every aspect of your businesses travel and entertainment
expenses.
MiVision Premium is a full expense management solution
that has been engineered to seamlessly integrate with
our suite of corporate expense products. It offers a robust,
turn-key solution that is simple to configure and easy to
implement to help you manage your company’s business
expense procedures and simplify the expense claim
process for your employees.
Our MiVision online statements are also fully integrated
within MiVision Premium, therefore your cardholders can
view statements online and process a claim from a single
online interface.
Simplified
■ We offer an end-to-end corporate expense management
solution, which means one contract and seamless
integration.
■ A hosted solution with MiVision Premium can
reduce the complexities of managing your company’s
expense management IT infrastructure in-house.
Intuitive
■ A simple point and click user interface means
MiVision Premium is user friendly and requires
minimal training for users.
Versatile
■ MiVision Premium can process transactions from a
number of sources including: travel and entertainment
cards, fuel cards, mobile phones, employee cash claims
and many other high volume, low value expenses.
Integration
■ Seamless integration into your organisation’s core
business systems.
■ Configurable to support your existing procurement
business policies and procedures.
Information
■ Online management information reporting enables you
to run a number of our standard reports, or create your
own bespoke reports using our intuitive Report Writer
tool. Reports can:
• be downloaded in a range of formats, from Excel
to CSV and XML
• be set up once and scheduled to run periodically
• interrogate every aspect of data relating to your
card programme
• filter and sum data fields so you get only the data
you want.
■ Transaction data can be consolidated to show real-time
or historic purchasing expenditure data to assist with
programme management and provide greater negotiating
power with suppliers.
Efficiency
■ Eliminate manual processing of financial transactions,
thereby reducing administration costs.
■ Automatically post transactions to the general ledger,
whilst triggering payment to vendors or reimbursing
employee cash claims.

Compliance and control
■ Enforce control by improving compliance with corporate
purchasing policies and procedures, tax regulations and
other legal requirements.
■ Assign authorisation levels so that employee expense
claims are routed to an approving manager, controlling
the number of unauthorised and inappropriate claims.
Our premium solution also incorporates our standard
MiVision online statement tool to give you and your
employees a fully integrated online solution.
■ For cardholders MiVision provides:
• Online statements with full VAT ‘line item detail’
transaction information.
• Recent transactions that are updated daily and
statements which are accessible for up to 3 years.
• The ability to update personal profile details instantly.
■ For the business MiVision provides:
• The ability to update cardholder profiles, close
accounts, set spend limits, view all cardholder
accounts and set up company structure for security
and reporting purposes.
• A consolidated view if you have other HSBC corporate
products.
hsbc.co.uk
Other corporate products
■ Corporate Card – A charge card designed to improve
the way you manage your travel and entertainment
expenditure.
■ Purchasing Card – A card designed to improve the way
you settle with your suppliers and provide you valuable
management information.
■ Lodge Card – A virtual card that is lodged with your
business travel agent and designed to settle, control and
manage all aspects of your travel bookings.
Next steps
Issued by HSBC Bank plc, Customer Information: PO Box 757, Hemel Hempstead, Hertfordshire HP2 4SS.
LIT01001 MCP37375 03/11. ©HSBC Bank plc 2011. All Rights Reserved. AC15047
To find out more, talk to your Relationship Manager or visit
hsbc.co.uk/business and go to ‘Cards & Payments’.
This information summarises key product features and is not intended
to replace any Agreement Terms.
We will discuss all charges with you before you make any commitment to us.
Cash withdrawals made from abroad are subject to local regulations.