Receivables Finance
Welcome to Fauree’s Receivables Finance solution, where we provide businesses with the financing they need to thrive. Our innovative solution enables businesses to convert their accounts receivable into cash, allowing them to access the working capital they need to fund their operations and pursue new opportunities.
Our Solution
- Fauree’s solution integrates with the supplier’s ERP system, enabling us to extract and analyse historical receivables data and produce a portfolio report.
- We conduct thorough KYC and due diligence checks to ensure the financial stability and creditworthiness of both the supplier and the buyer.
- The supplier can create and submit invoices for financing, which are reviewed by the financier using the portfolio report and due diligence report to determine the credit limit.
- Upon invoice approval by the buyer, the supplier can request early payment from the financier, who will disburse the payment upon receipt of the request.
- On the due date, the buyer will pay the financier, completing the financing cycle.
Our platform streamlines the invoicing and financing process, making it easy for businesses to manage their accounts receivable and get paid faster. Fauree’s Receivables Finance solution provides businesses with the working capital they need to grow and succeed.
Fauree's Receivables Finance Benefits
Improved Cash Flow
Receivable financing allows businesses to receive a cash infusion based on their outstanding invoices, which can help to improve their cash flow and financial stability.
Faster Access to Funds
Instead of waiting for customers to pay their invoices, businesses can receive a portion of the funds due on those invoices upfront through receivable financing. This can help to reduce the time it takes for businesses to receive payment for their goods or services.
Increased flexibility
Receivable financing gives businesses the flexibility to choose which invoices they want to finance, which can help them to prioritize their most pressing financial needs.
Easy to Obtain
Receivable financing is often easier to obtain than other types of financing, as it is based on the creditworthiness of the business's customers rather than the business itself.
Greater Control Over Finances
By financing their receivables, businesses can have greater control over their finances and better manage their working capital.
Improved Credit Risk Management
By financing their receivables, businesses can reduce their exposure to credit risk and better manage their accounts receivable. This can help to protect their financial stability and improve their overall credit risk management.
Our Process
This step involves seamlessly connecting the supplier’s accounting systems to our platform, enabling us to extract and analyze their historical receivables data.
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To ensure the financial stability and creditworthiness of both the supplier and the buyer, we conduct thorough KYC and due diligence checks.
Once onboarded, the supplier can create and submit invoices for financing on our platform.
The financier reviews the invoice and uses the portfolio report and due diligence report to determine the credit limit allocated to the supplier.
The buyer reviews and approves the invoice on our platform.
The supplier can request early payment from the financier on our platform.
The financier disburses the payment to the supplier upon receipt of the early payment request.
On the due date, the buyer pays the financier, completing the financing cycle.
Fauree’s Receivables Finance Solution
- Fast access to working capital
- Credit risk protection
- Streamlined invoicing and financing process
- Customized financing options
- Cost-effective financing
- Confidentiality
- No collateral required
- No ongoing commitment
- Enhanced creditworthiness
Traditional Forms of Financing
- Longer turnaround time to receive funding
- Higher risk of non-payment by the customer
- Complex application and approval process
- Fixed terms and conditions
- Higher interest rates and fees
- Information may be shared with third parties
- Collateral may be required Ongoing repayment required
- May not improve creditworthiness