RBS e-Invoicing and SCF wins Award for Innovation in Trade and Supply Chain Finance

September 9, 2013  |  Electronic Invoicing, Payment

RBS has been recognised by The Banker magazine for innovation in transaction services and technology, winning The Banker’s Innovation in Trade and Supply Chain Finance 2013. As one of the first banks to launch e-Invoicing, RBS has continued to innovate, recognising the benefits of linking e-Invoicing with Supply Chain Finance (SCF).

RBS successfully integrated their e-Invoicing and SCF offerings, allowing e-invoices to be sent directly from the e-Invoicing platform into the MaxTrad™ Global Trade Channel. The solution creates a straight-through process for clients, rapidly decreasing invoice cycle times and driving greater opportunities to utilise approved payables finance. This allows them to offer clients a seamless end-to-end solution.

Saeed Rezavi, Global Head of e-Invoicing, said: “This is an excellent endorsement of our proposition. Since launching e-Invoicing, we have already helped clients realise significant cost-savings. Now, as a cross-product initiative, this demonstrates the unique value we can add to clients when we work together and combine our existing capabilities.”

For more information, please contact Saeed Rezavi, Global Head of e-Invoicing, RBS. Email: [email protected] Telephone: +44 (0)20 7678 5649. Or visit their e-invoicing page

 


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