Lendscape Powers Siemens Financial Services' Extended Payment Terms B2B Finance Solution
Successful implementation of Lendscape platform enables Siemens Financial Services (SFS) to digitalise and automate the processes behind Extended Payment Terms (EPT), their flexible payment option for businesses
London – Lendscape, the leading fintech specialising in working capital technology, has announced the successful implementation of its platform to support Siemens Financial Services (SFS) with their Extended Payment Terms (EPT) solution. The cutting-edge platform developed by Lendscape provides a robust and scalable foundation for EPT processing on behalf of SFS, marking a significant advancement in financial flexibility and efficiency for suitable commercial buyers of Siemens’ products.
Offering extended payment periods of up to 180 days*, Siemens EPT empowers businesses to acquire essential products without immediate cashflow impact. This flexible financing model enables companies to first generate revenue from their investments before settling their invoice, effectively closing liquidity gaps and maintaining financial agility. At the same time, the platform also enables Siemens partners to offer their customers longer payment terms via SFS. The financing solution is currently available in the UK, Germany, Austria, Netherlands, and Sweden, Finland, Norway, Denmark, with plans to expand to other European countries.
"By partnering with Lendscape, we seamlessly integrate EPT into our online procurement process, providing customers with quick and easy access to financial support at checkout. This progression in B2B payments aligns perfectly with our commitment to driving innovation, supporting businesses, and fostering economic growth," said Dr Andreas Steininger, Head of Extended Payment Terms at Siemens Financial Services. "The Lendscape team's industry experience and technical expertise have been invaluable in delivering a purpose-built solution."
"We are excited to partner with SFS to support fast, flexible financing that addresses the evolving needs of their customers," said Martin Morrin, CEO at Lendscape. "Extended Payment Term models and methods are becoming an increasingly vital tool for businesses trying to manage their cashflow more efficiently, Siemens EPT, underpinned by our technology platform and workflow expertise, offers their customers flexibility to optimise their working capital with minimum friction or intervention.”
*(subject to credit approval)
About Lendscape
Lendscape is the world's leading technology provider for all forms of secured finance.
With over 50 years of experience and in-depth industry understanding, our dynamic team has designed, developed, and delivered secured lending technology to over 40 markets and some of the worlds' most prestigious banking and financial services providers.
Lendscape supports a range of working capital and asset finance solutions such as factoring, invoice discounting, supply chain finance, asset-based lending as well as asset finance and many other forms of specialist finance.
To learn more, visit www.lendscape.com.
About Siemens Financial Services
Siemens Financial Services (SFS) – the B2B financing arm of Siemens – provides financing that makes a difference. At SFS, we empower customers around the globe to access technology with purpose and increase their competitiveness. Based on our unique combination of financial expertise, risk management and industry know-how we provide tailored financing solutions – including flexible leasing and working capital products, project-related and structured financing, corporate lending, equity investments, finance advisory, as well as trade and receivables financing. With highly experienced and passionate teams in 20+ countries, SFS paves the way for industrial productivity, smart infrastructure and sustainable mobility, facilitating the energy transition and enabling highquality healthcare. Supporting the Siemens DEGREE framework, SFS is one of the leading providers in financing greenfield renewable projects. www.siemens.com/finance.