HSBC has agreed to use the Reporting to Clients system from IT solution provider 3i Infotech, in an effort to improve its statements and reporting offering.

The system will be used by HSBC’s cash management and payments division and will operate in conjunction with Client Money Manager, the bank’s third-party fund management system.

According to 3i Infotech, the use of the product will boost the efficiency of HSBC’s reporting processes and will decouple the design and customisation of bank statements from the IT department.

Ian Hallam, product director at 3i Infotech for Western Europe, commented: “We are delighted to be working with HBSC’s Client Money Manager service to help deliver improvements to the production and presentation of its statements and other reports.

“To date Reporting to Clients has been predominantly used by investment managers so it is very pleasing to see the use of this application extended to commercial banking, which highlights the flexibility of the solution.”