Faster access to invoice finance is being offered electronically by Royal Bank of Scotland’s commercial services arm. Through the KeyCash scheme, companies wanting to speed up their cashflow can make an arrangement over the telephone, allowing initial access to finance within 48 hours; they initially obtain 90% of an outstanding invoice payment, with full sales ledger management.
Keycash also offers credit protection, collection of outstanding invoices and a service for exporters.
Source: Financial Times
