Debtor Management

Increase profitability and grow your business with Nedbank's leading debtor management solution and working capital access.

Overview

Debtor management and working capital are two critical aspects of growing your business, assisting with your cashflow and allowing you to negotiate better supplier discounts and increase profitability. Nedbank Debtor Management will purchase and advance up to 80% of your debtors book to help improve your cashflow.

Nedbank Debtor Management includes the following products:

• Invoice discounting – We purchase and fund up to 80% of your debtors book and the remaining 20% becomes available on collection. As this product is confidential, your clients are not aware of our involvement. This is ideal for companies with sophisticated accounting.

• Factoring – With this product, we purchase and fund 80% of your debtors book and perform the duty of collection with full disclosure of the bank's involvement. This is ideal for smaller companies with less sophisticated accounting.

• Single-invoice discounting – We purchase good-quality single debtors from you with this disclosed product, helping smaller companies that struggle to secure bank funding.

• Export factoring – As a member of Factor Chain International (FCI) we are able to purchase export invoices and, once FCI has approved the debtor, we fund up to 80% in the invoice currency. On collection the remaining 20% becomes available.

Source: Nedbank