Invoice discounting and supplier finance lets you accelerate the collection of trade receivable funds for a discounted cash payment. Now you can boost working capital and enhance your cash flow with invoice discounting and supplier finance from Absa. 

What you get:
  • Mitigated effects of extended payment terms
  • Mitigated risk within the supply chain
  • Improved supplier cash flow
Documents required when you apply: 
  • Copy of signed contract between you and your suppliers/distributors
  • Supplier/Distributor profiles
  • 12 months’ bank statements for new-to-bank customers
  • 3 years’ audited financial statements
  • Letter of introduction by Absa Bank Ghana corporate client

Get funds, pay import collections and import letters of credit at sight. With a trade loan, you get extended credit so you can pay suppliers on time and improve your cash flow.  This flexible short-term credit solution facilitates gaps in import or export trading cycle.

Documents required to apply: 
  • Company profile
  • Management profile
  • 3 years’ audited financial statements
  • Cash flow for the next 12 months
  • Industry/Competitor information
  • Security information

Pay only when you use it and enjoy a safety net in case of extra costs. Improve cash flow, minimise finance costs and enjoy a flexible form of funding with an overdraft from Absa. This credit facility allows you to overdraw your account up to a limit for a deferred period.

Documents required to apply: 
  • Company profile
  • Management profile
  • 3 years’ audited financial statements
  • Cash flow for the next 12 months
  • Industry/Competitor information
  • Security information

Our supplier finance programme provides suppliers with the option of accelerating the collection of trade receivables for a discounted cash payment from Absa. 

Benefits for buyer (Absa clients):

Our supplier finance programme allows you to:

  • Extend your days payable

  • Negotiate better pricing with suppliers

  • Reduce the risk of supply chain failures by providing your suppliers with the funds they need to deliver

  • Enhance your supplier relationships

  • Demonstrate corporate social responsibility by supporting sustainable financing of smaller businesses

 Benefits for suppliers:

  • Your suppliers receive payment within 48 hours of invoice acceptance, improving their cash flow management without impacting yours

  • Our supplier finance programme provides your suppliers with access to financing regardless of their credit rating

  • The programme allows your supplier to manage and reduce their days receivable

How this works
  1. Invoices are submitted to anchor client by the supplier.
  2. Approved invoices are uploaded onto the Supplier Finance platform.
  3. The supplier receives a notification of the uploaded invoices.
  4. The suppliers have the option to discount automatically, select specific invoices, and await payment at maturity. If the Supplier selects an early payment option, Absa pays the discounted funds to the supplier.
  5. Anchor client settles Absa for the full invoice amount at maturity.
  6. If the supplier has not requested an early payment, anchor client will pay the supplier via normal payment channels.

For more details, speak to your relationship manager.

Need more help?

Call us on:
+233 (30) 242 9150 (network charges apply)
0800 222 333 (MTN and Vodafone customers)

Email us: 
customerexperience.gh@absa.africa