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Receivables Service

Receivables Service is a credit facility that allows your business to obtain prepayment on your credit sales invoices.

With Receivables Service, your business can unlock cash from credit sales invoices to seize business opportunities and finance your growing business.

Improved business cash flow
With Receivables Service, your business can be assured of its cashflow. Rather than waiting for the customers to pay back in 60 days or 90 days, you can look forward to cash advancement on your credit invoices.

Increased sales competitiveness
With assured and better cash flow, your business can gain an edge over its competitors by offering longer credit terms that will allow selling on more competitive sales terms.

Increased ability to take on more jobs or orders
New and large projects and sales orders usually require large amounts of working capital. The assurance of greater cash flow from Receivables Service means that your business need not worry about the cash flow gap when these projects and orders are taken up.

Reduced administrative work in customer payment collection
When disclosed Receivables Service are taken up, the work of the Accounts Receivables will be taken care of by the bank. The bank will send the payment advices and customer statements on a regular basis to keep your business informed.

Improved risk management through taking credit cover on your business’ customers
With Receivables Service, your business has an option to take on credit cover to protect against insolvency and bankruptcy of customers. This allows better risk management of the accounts receivables.

Increased ability to explore new markets and customers
Your business might be hampered by the unfamiliarity of new customer when exploring entering new markets. Receivables Service with credit cover reduces the risk of non-payment of customers.

Please read our FAQ for more information.