ABB strives to process invoices and make payments to our suppliers efficiently and effectively. With Approved Trade Payables Finance (ATPF), ABB’s Supply Chain Finance program, select suppliers can sell their receivables to a bank for immediate cash payment at a very attractive discount rate, based on ABB’s credit rating. This enables suppliers to improve cash flow and optimize working capital.
1. Invoice must fulfill ABB invoicing requirements and must match PO in regards to specification or ordered goods/services, quantity, price and have correct PO number on the invoice. Otherwise, it could add additional days to the average processing of 10 days. Quality issues can also delay process.
2. ABB averages 10 days to process invoice.
Watch this short video to find out how it works.
Selling ABB receivables to banks means getting paid quicker.
Sale of receivables for non-recourse cash improves liquidity, reduces Days Sales Outstanding (DSO) and improves the debt/equity ratio.
Get automatic payments for invoices once they are approved and reduce Account Receivable costs relative to ABB receivables.
Suppliers can view the approved payments (receivables) immediately, see payment amounts and dates at an early stage.