Pagero enters into a partnership with corporate finance company A.B.S Global Factoring to offer automatic invoice financing via Pagero Online.
Invoice financing, or factoring, is a bank-independent form of financing in which a company continuously sells its trade receivables to a factoring partner in return for immediate liquidity and improved working capital. Factoring provides companies with an individual solution for greater financial liquidity, security and flexibility.
The partnership will bring unique financial and business enhancement opportunities to B2B companies that are expanding and growing. Companies can now invoice their customers electronically worldwide via Pagero Online in the format required by the debtor, while simultaneously receiving immediate funding and credit insurance with just one click.
“Digitisation combined with a customer-oriented financing offer will transform the way working capital is being deployed in business,” said Bengt Nilsson, CEO of Pagero. “The opportunities provided by fast and accurate information in combination with a financing company that understands its customers’ problems and how to resolve them will add yet another tool to our customers’ toolbox for staying competitive in a demanding business environment.”
“We are very pleased with our collaboration with Pagero,” said Trond Dale, CEO of A.B.S. Global Factoring. “Capital and automated business processes are needed in order for companies to be able to grow successfully. Together with Pagero, we can offer an efficient financing solution to a wider range of companies and at the same time offer our corporate customers a smoother process for e-invoicing.”
About A.B.S. Global Factoring
A.B.S. Global Factoring is a financial corporation specialised in the funding of small and medium-sized growth and exporting companies. Over the past 20 years, by offering immediate liquidity and complete protection against credit losses, we have been able to help hundreds of companies improve their liquidity and take advantage of their opportunities.
We aim to challenge the traditional factoring market and create efficient financial solutions by focusing on the creation of long-term value for our clients throughout all phases of their growth.
The A.B.S. Group operates in four countries in Europe – Sweden, Germany, Austria and Switzerland – and is entrusted with more than 158,000 customer relationships worldwide. The Swedish office was established in Stockholm in 2013 and is responsible for the Nordic market. Read more at www.absfactoring.se
Pagero Group develops and markets Pagero Online, a cloud-based network platform for the communication of business documents within the purchase-to-pay, order-to-cash and logistics-to-pay (TMS) processes. Pagero Online is independent of the ERP system and suits companies of all sizes and within all industries.
Our value-added services enable our customers to obtain accurate data and a 100% digital inbound and outbound business document flow, resulting in minimal error handling, compliance with local VAT regulation and control over company spend. Pagero Online is also interconnected with an extensive number of other networks for global reach.
Pagero Group has over 190 employees. It has its headquarter in Gothenburg, Sweden and offices in Stockholm, Oslo, Copenhagen, Helsinki, London, Dublin, Amsterdam, Rome, Madrid, Paris, Istanbul, Chicago and Dubai. Read more at www.pagero.com
Contact details for more information
Trond Dale, CEO, A.B.S Factoring, firstname.lastname@example.org
Bengt Nilsson, CEO, Pagero Group, email@example.com