Siemens Financial Services (SFS) has announced that Graham Leaney is to join the invoice sales team as head of sales (South).
Leaney, who is based in West Sussex, is responsible for providing and developing invoice finance services for clients across the southern region.
He joins Siemens FS with 17 years’ experience in the invoice finance sector.
In his previous role at Close Brothers Invoice Finance, he served as regional sales director for almost four years and ranked as a top performer for the last two years running.
Prior to that, he worked as regional sales director with independent provider Innovation Finance after more than 11 years in various roles at HSBC.
SFS’ Invoice Finance team offers small to medium-sized enterprises (SMEs) a range of financial products designed to bridge the gap between the delivery of goods or services and the receipt of payments from customers.
Using this service means that when a company invoices their customer, up to 90% of the approved invoice total is immediately advanced by SFS, with the remaining 10% paid once their customer settles the balance.
This provides the company with essential working capital so it can then invest in expanding its business without having to wait for bills to be paid.
Leaney said: “In the Siemens context, invoice finance sits within a whole range of working capital management tools that are critical for smart and agile businesses – especially in the current climate.”
“It’s been very tough for businesses over the last couple of months and I look forward to helping support them as we come out the other side of this.”
Simon Penn, head of UK sales, invoice finance & extended payment terms, said: “Graham’s extensive experience in the invoice finance sector will be a valuable asset to our team.
“His appointment demonstrates our uninterrupted commitment to the market, even in times of uncertainty, and I look forward to seeing him help businesses in the south continue to grow.”