Royal Bank of Scotland (RBS) has renamed its invoice finance business. The Royal Bank of Scotland Commercial Services will now be known as RBS Invoice Finance.

Invoice finance turns unpaid invoices into cash. It advances up to 90% of the value of the invoice as soon as it’s raised. It is a flexible way to help companies finance business, manage cashflow and fund expansion plans all at the same time. The re-brand reflects exactly what the business deals with and is a clearer description of the type of work it carries out making it easier for customers to identify.

RBS Invoice Finance will continue to provide a wide range of invoice finance solutions, the bank says, from efficient day-to-day cashflow management to better use of business assets.

The name change is part of a programme to ensure consistency and to emphasise a joined-up approach with the bank as a whole.

Adrian Sainsbury, Managing Director, RBS Invoice Finance, says: “This “re-brand “forms part of an active programme designed to strengthen our positioning in the marketplace. It is intended to clarify our offering to the market, and act as a central theme in re-focusing our team and strongly energising the business.”