An integrated approach to invoice factoring can provide several benefits for small and medium-sized enterprises (SMEs). This approach involves combining invoice factoring with other financial tools and services to create a comprehensive financing solution that is tailored to the specific needs of the SME. The benefits of an integrated approach to invoice factoring for SMEs include:
1. Increased cash flow: By combining invoice factoring with other financing solutions, SMEs can increase their cash flow and improve their working capital. This can help them to invest in new projects, purchase inventory, and expand their business.
2. Customized financing solutions: An integrated approach to invoice factoring allows SMEs to create a financing solution that is tailored to their specific needs. This can include a range of financial tools, such as asset-based lending, term loans, and lines of credit, which can be used to support the SME's growth and expansion plans.
3. Improved creditworthiness: By using invoice factoring as part of an integrated financing solution, SMEs can improve their creditworthiness and enhance their ability to obtain financing from traditional lenders.
4. Reduced risk: By working with a single provider for multiple financial solutions, SMEs can reduce their risk and simplify their financial management processes.
5. Greater financial visibility: An integrated financing solution can provide SMEs with greater visibility into their financial position and performance. This can help them to make more informed decisions about their business and plan for future growth and expansion.
6. In summary, an integrated approach to invoice factoring can provide SMEs with a comprehensive financing solution that is tailored to their specific needs. By combining invoice factoring with other financial tools and services, SMEs can increase their cash flow, improve their creditworthiness, and reduce their risk, while also gaining greater financial visibility and control.
Qube Account Receivables Finance Added Value
PRI® inside Platform
The fully automated solution for account receivables (or AR) financing by PRI® inside offers:
· Daily (re)purchase of invoices
· Daily portfolio analysis and portfolio review
· Daily notification of purchased receivables
· Daily settlement of credit-notes and uncollectable invoices
· Daily liquidity calculations
· Full ‘track and trace’ solution, all required steps are logged and documented
· Fully automated data-exchange after one-off implementation of data-exchange protocol
· Daily funding and settlement towards participating companies & institutions
· Fully integrated risk, operational and legal framework
Set-up for daily settlement routine is deï¬ÂÂned on automated interface between client’s ï¬ÂÂnancial and operational systems and Qube’s PRI® inside. Interface will be implemented and supported by Qube Servicing.
After go-live Qube’s clients will have access to all daily settlement reports with automated instructions for payments if required, resulting in a very limited work-load for clients on an ongoing basis.
In addition, PRI® CrediSoft is a proprietary receivables credit & collection add-on application supporting credit management processes serviced by Qube Servicing. The application manages and integrates collection workflows and tasks and is fully integrated with PRI® inside.
PRI® inside has been developed based on the in-depth experience with receivables finance with the objective to have a fully front-to-backend automated receivables finance platform based on historic and actual data which to provide full insight & transparency which will be evidenced by demo on request.