RBS Invests in Supplier Finance Solution
Working in partnership with some of its customers, The Royal Bank of Scotland (RBS) has launched its fully integrated supplier finance platform to complement its supply chain finance proposition. RBS says that its supplier finance platform delivers a working capital solution, whereby suppliers to an accredited buyer can receive immediate settlement of their receivable at a discounted rate, following buyer approval of their invoice. The company claims that this competitive financing proposition can assist both buyer and supplier in maximising value in their supply chain. The solution provides online access and visibility of transactions to both the buyer and supplier.