More NewsSecDebt and Siemens Offer Advance Solution to European Mid-Caps and SMEs

SecDebt and Siemens Offer Advance Solution to European Mid-Caps and SMEs

Siemens Financial Services (SFS) has formed a partnership with securitisation firm SecDebt to offer trade receivables finance to European mid-cap companies and SMEs via its Advance solution. ‘Traditionally, raising low-interest finance in the capital markets using invoice debt was very much the province of larger companies,’ said Siemens. ‘Setting up an invoice securitisation was legally and administratively complex, with the subsequent regulatory reporting costly for internal financial management teams,’ it noted. To this end, Advance has been developed to evaluate, finance and monitor the debtor asset, said Siemens.

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