ABN Amro’s factoring and invoice discounting solutions

For more than two decades, ABN Amro UK has been providing banking products to retail, private and commercial customers all over the globe. ABN provides start-ups and large corporations alike with invoice factoring, invoice discounting and asset based lending. These banking products are among the best solutions to help develop any business, and finance any entrepreneurial endeavour.

Understanding ABN Amro’s factoring solutions

Every time you raise an invoice, your customer may take up to 90 days to pay. This delay can obviously put a strain on your financial development and impair your cash flow. Therefore, if your business plan is solid, ABN Amro’s factoring solutions will help you bring your business ambitions to life quickly, easily and confidently.

How does it work?

Factoring allows you to gain immediate access to your working capital as soon as you raise your invoices. ABN will provide businesses with up to 90% of the invoice value straight away, thus eliminating the need to wait for 30, 60 or 90 days to get paid. Factoring  is the best way to keep your working capital available at all times.

What are the benefits of factoring?

The first obvious advantage of factoring is that it instantly relieves businesses, especially small ones, from debt. Money is quickly credited on your account, and is available 24/7. This gives great flexibility to your finances, and guarantees sound, clear bookkeeping.

ABN Amro’s FastTrack Factoring

FastTrack Factoring is easy to adopt for your company. Contact ABN Amro and a meeting will be arranged within 48 hours. Then, your facility can be in place within five working days. One visit is usually enough to get an in-principle decision. Once in place, FastTrack Factoring ensures that within 24 hours after raising an invoice, funds are available. All contracts include a dedicated relationship manager and credit controller.

ABN Amro’s invoice-discounting products

Factoring is a hassle-free way to smooth out your cash flow, but it implies outsourcing your debts. To maintain your own in-house credit control, choosing ABN Amro’s invoice discounting  will ensure you’re in total control of your customer relationships as well as of your financial movements.

What is it?

Invoice discounting allows a business to draw money against its sales invoices before the customer has actually paid. A percentage of the sales ledger, up to 90%, is lent by ABN Amro to its clients, who in turn recover debts with their own customers and then reimburse the finance company.

Advantages of invoice discounting

Invoice discounting is basically similar to factoring, but it gives companies better financial control, as they are in charge of recovering their own debts. However, it’s confidential and the final customer is not aware of the existence of a finance company. There is no need to wait for 90 days to get paid as money is available on your account within 24 hours. Unlike overdrafts or loans, invoice discounting automatically grows as your business grows.

Products and solutions

ABN Amro’s FastTrack invoice discounting is a great way to bypass slow-moving lenders. A first meeting can be arranged within 48 hours, and the facility can be in place within five working days. Funds are available 24 hours after you raise an invoice.