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Siemens invoice discounting is a cash flow solution that can help businesses unlock the value of unpaid customer invoices, allowing effective management of working capital. Part of the A+ rated* worldwide Siemens Group, Siemens Financial Services has a long and proud history of assisting businesses grow through leveraging innovative financial products.
The Invoice Finance team from Siemens has a wealth of experience in helping to find solutions to suit your needs.
*Standard & Poors Credit Rating
Siemens Financial Services works tirelessly to provide tailored solutions to help make your life easier and allow you to focus on running your business
Businesses are increasingly exploring alternative finance solutions as traditional lending options remain restricted. Invoice discounting can be an important alternative to traditional credit lines, unlocking up to 90% of the value held in your unpaid sales ledger. An invoice discounting arrangement with Siemens means that administration is kept to a minimum, supported by our market leading online solution, allowing you to concentrate on what you do best - running your business.
This infographic video explains how invoice finance can benefit your business and bridge the payment gap between when a supplier needs to be paid and when your customers pay you. It outlines the benefits of invoice finance and shows how this cash-flow solution gives you the opportunity to grow your business without using precious capital reserves.
Evidence shows that UK small and medium businesses which export their goods or services achieve better business performance than those focusing mainly on the domestic markets. However, one of the greatest perceived obstacles to export growth is working capital and cash flow. Invoice Finance enables SMEs to have the majority of the value of their invoices advanced immediately and can therefore mitigate some of the risks associated with dealing with international customers, including associated upfront costs.
UK SMEs are an integral part of the UK economy, but they bear the brunt of late payments and long payment terms. A typical SME spends 130 hours a year chasing outstanding invoices which are a drain on cash flow. Invoice finance is increasingly being seen by SMEs as a flexible, reliable tool to unlock working capital.
- Seeking to break free from restrictions imposed by current funding solutions
- Looking for an alternative financier to provide bespoke and tailored solutions
- Undertaking domestic and/or international trade
- Looking to grow and maximise the funding potential of your available assets
- Requiring invoice funding greater than £250,000
- Tailor-made financing which has the flexibility to grow with your business
- Immediate access to up to 90% of your sales ledger
- Reduced administration, enabled by market leading technology
- 24/7 online access and availability of management information
- A highly experienced team who understand the particular needs of businesses seeking invoice finance
- Our market leading technology makes it simpler for your clients to transact with us
- Siemens is a respected, globally recognised brand providing reliable funding
- We have a local underwriting discretion up to £10m and fast turnaround on credit decisions
- We have access to a range of financial solutions
- Our highly experienced client managers provide exceptional service
- We have competitive commission and reciprocal business arrangements
Having money available means it's ready to invest in business development. As we gain more customers we’ll access more funds through invoice finance, which we can then invest in acquiring even more customers and so it snowballs. We’re really excited about the coming months.
We found that as the price of oil dropped and the sector suffered downturn, our high street bank was less willing to assist us. In contrast Siemens is knowledgeable about the sector, understands its cycles and is eager to support us.
Step 1: Your business finance needs are identified
As our invoice discounting solutions are customised to suit your business needs, we need to understand your business and its requirements.
Step 2: We present invoice discounting options which are tailor-made for your business
This will be fully transparent and include a prepayment percentage against your fundable invoices plus a funding limit and any charges that will be made, so you fully understand our proposal.
Step 3: Our expert team will arrange credit approval
Our advisers will arrange a credit application in order for us to present a formal credit-backed offer to you.
Step 4: Documentation is completed
We will require legal documentation to be completed prior to funding which will include a sales finance agreement and a debenture.
Step 5: We make your funding is made available
Following commencement of your facility, we will make funding available to you after satisfactory settlement of any existing invoice finance agreements you may have.
A: Unlike a loan or an overdraft which are typically reviewed on an annual basis, your invoice discounting facility can grow in line with your sales ledger. Invoice discounting also compares favourably with more traditional forms of borrowing in relatation to setup costs.
Depending on your particular circumstances, it is most likely that you would be able to raise greater funds using invoice discounting. Many businesses do not need additional forms of security unlike those required with an overdraft.
A: This is dependant on the strength of your sales ledger and the credit rating of your customers, combined with the invoice finance facility you choose. In most instances, we will advance up to 90% of the value of your outstanding invoices.
This varies from client to client, so please call us on 01753 434450 or email us to discuss your personal invoice finance options.
A. Companies that are experiencing rapid growth can often benefit significantly from an invoice discounting facility. In order to maintain growth and expansion, a company will often require access to increased cash flow. The reality is that many companies experiencing rapid growth struggle to balance the costs associated with meeting the unexpected demand and over time this can harm the business.
Call us on 01753 434450 or email us to find out how invoice discounting can help you manage rapid growth within your business.
Invoice discounting case studies
SFS proposed a tailored, competitive finance plan to support MECX's growth
The company is now supported by a funder that has knowledge of the rail industry
MECX Group has been impressed with the responsiveness and knowledge of the SFS team
Clarke Transport uses invoice finance to improve cash flow
SFS offers a more competitive rate than the previous provider
SFS' system is intuitive and offers complete transparency
Competitive rates offered by SFS enabled SG Personnel to make significant savings
SFS' experience meant they had a good understanding of SG's business
SG find the real-time information is particularly valuable
Tribe Recruitment had outgrown existing factoring arrangement and reviewed a number of finance partners
SFS stood out due to the level of service offered
Tribe Recruitment found the SFS system to managing invoice finance easy to navigate
Eligo uses invoice finance to improve its cash flow
SFS provides Eligo with a responsive account team and a system that is intuitive and offers complete transparency
SFS matched Eligo’s previous funding level and offered a competitive rate
SFS offered Proton a more competitive rate than its previous provider
Seamless transition- approachable and friendly
SFS’s system allows Proton to plan for and target growth
SFS took time to understand Heap’s business, goals and requirements
SFS offered Heap a more competitive rate than its previous provider
Drawdown of funds is quick and the online system gives real-time access to funding and payments
Other invoice finance providers lacked understanding of the sector and imposed restrictive terms
SFS recognised the recruitment firm’s growth and acted to support it
A tailored system from SFS enables drawdown of funds within hours
Previous provider imposed unnecessary restrictions on funding
SFS built a sustainable relationship with the customer
Customer has the flexibility to take an extra 10% advance if needed
Improvement of cash-flow and working capital to foster growth and expansion
Invoice finance helps to bridge the gap between service delivery and customer payment
SFS created a tailored solution and fully understood the challenges faced by the business
High street bank lacked understanding of the sector and imposed restrictive terms
Siemens worked with the customer for six months to understand the challenges
A tailored system enables drawdown of funds within hours
A revolving capital facility from SFS helps improve cash-flow and working capital
Money released by unpaid invoices redirected to grow business
Group's relationships with their clients remain unchanged as debtors still pay invoice