What is it?

Agreement between the Seller and the Financial Institution allowing the Seller to receive early payment of invoices at competitive conditions, based upon approved invoices from the Buyer (distributors), which are connected to the ASYX Platform. Risks are lower for the Financial Institution, since they have additional invoice information compared to regular Factoring, where the Financial Institution does not have this clarity.

Why?

A small effort on the part of the Buyer and Seller (sharing the information of the approved invoice) generates direct benefits for the Seller, who can improve working capital and optimize financing cost. The incentive for the Buyer to approve the invoice is funding (Late Payment to the Financial Institution), which gives the Seller access to Factoring under favourable conditions.