Articles
Bibby Financial Services Helps Businesses Get Moving
Bibby Financial Services has launched a unique new trade services offering,
providing one of the strongest one-stop funding solutions for SMEs in the
market place today.
Trade Services combines three products – previously sold separately – to
provide an innovative solution that can be adapted to meet individual
businesses needs. Bibby Financial Services has effectively brought together
its various trade finance facilities, which it historically offered in
isolation, to provide a combined proposition that focuses entirely on
modern business needs.
Bibby Financial Services now provides what is essentially a pick and mix
menu of solutions, which clients can be offered depending on their specific
needs, whether it be buying, selling or moving goods.
If a client wants to ‘buy it’ and they have a confirmed order but do not
have the funds to fulfil the order, Bibby Financial Services will provide
the upfront funding to complete the order. However, if a client wants to
‘buy it and sell it’, it will provide the upfront funds to fulfil the
order, but also give the client an ongoing supply of funding against the
value of unpaid invoices raised.
Bibby Financial Services can also provide a complete supply chain solution
marrying logistics with finance solutions – enabling clients to buy it,
sell it and then move it. Clients can access upfront funding for confirmed
orders, receive an ongoing supply of cash against invoices raised and then
helped to distribute the goods to their customers.
David Robertson, chief executive of Bibby Financial Services, explained:
“The launch of our new trade services offering demonstrates our commitment
to meeting our clients’ needs in an increasingly competitive and volatile
marketplace. It is yet another demonstration of our ability to move
and change with the times and adapt, strengthen and widen our product
portfolio to meet the demands of the business community. Drawing on
Bibby’s years of experience in delivering quality funding solutions, we
have developed a market-leading product that is completely unique to the
commercial finance sector.
