Provider Guide
Royal Bank of Scotland |
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RBS Commercial Services – Invoice Discounting
RBS Commercial Services is a leading UK invoice finance provider. RBSCS offers a wealth of experience, expertise and advice through a team of Business Development Managers. By providing a hands-on solution, RBSCS are able to create an Invoice Finance solution tailored to each clients’ requirements.
In addition, clients can rest assured that RBS Commercial Services is an experienced invoice finance provider, by way of their client management software, FacFlow, receiving the IT Accreditation of The Institute of Chartered Accountants. FacFlow is a market leading Invoice Finance software package and is in fact, the only Invoice Finance software package to receive this accreditation.
Invoice Discounting
RBS Commercial Services may be able to provide your business with an invoice discounting facility. Invoice discounting is often used as an alternative to factoring if your business already has an effective sales management or credit control function. (If this is not the case and you feel a complete sales ledger management facility would be a more appropriate solution, please refer to the factoring pages). Invoice discounting is often aimed at larger businesses, with established finance departments and credit control procedures. However, this does not mean that companies with smaller turnovers can not use Invoice Discounting. The nature of invoice finance solutions, means that lenders will tailor the most suitable product or service to each clients individual needs.
Invoice discounting is also a means of raising capital, perhaps to fund expansion, investment or acquisition. By using RBS Commercial Services and taking up an invoice discounting facility, your business could realize it’s true potential. Invoice discounting with RBSCS offers:
- A quick and simple release of cash, upto 90% of the value of invoices
- The same pre-agreed level of finance on all approved invoices throughout the duration of the facility.
- A confidential service – your business has the option of choosing a fully confidential service. If this option is chosen, your clients will not know that RBSCS are acting on your behalf, in fact, it’s business as usual!
- Access to market leading client management software, FacFlow. No only will this cut down on unnecessary paper work, FacFlow will also generate management ad finance related reports.
RBS Commercial Services offer a simple costing structure for all invoice discounting facilities. This is broken down into two separate charges:
- An administration or service fee, quoted as a percentage of turnover
- An interest charge, payable on funds drawn against accepted invoices. This fee will often by expressed as a percent above bank base rate (OBR).
Get a Royal Bank of Scotland quote for invoice discounting
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