Fintech solutions are playing an increasingly important role in the field of account receivables and supply chain finance. These solutions use digital platforms and technology to automate and streamline many of the processes involved in these areas, making it easier and more convenient for businesses to access the financing they need.
Fintech solutions
Some examples of fintech solutions that are commonly used in account receivables and supply chain finance include:
- Digital platforms that allow businesses to easily manage their accounts receivable data, submit invoices for financing, and track the status of their financing requests. These platforms can also provide tools for automating underwriting and credit decisioning processes, as well as for managing collections efforts.
- Electronic invoicing and payment systems, which enable faster and more secure transactions between businesses, their customers, and their financiers. These systems can help reduce the time and effort involved in processing invoices and payments, and can also provide real-time visibility into the status of accounts.
- Integration with other financial systems, such as accounting software and enterprise resource planning (ERP) systems, which allows for seamless data exchange and more efficient management of the financing process.
Overall, fintech solutions are helping to make account receivables and supply chain finance more efficient, transparent, and accessible for businesses of all sizes.
Qube Added Value
- Qube Financing (and its affiliates) have developed the Qube platform, supported by its proprietary PRI® inside infrastructure, front-end to back-end fully automated receivables financing platform (“Qube Platform”), as one of the earlier Fintech 3.0 initiatives in the market and is fully equipped to be the winning platform of the third wave.
- This Qube Platform is fully operational and has been fully adopted by institutional investors, including the standardized procedures, ‘modus operandi’ and underwriting process steps & criteria.
- Qube targets European SME and Mid Market Corporates with a fully standardized approach as well as tailored solutions for multinationals, predefined underwriting criteria that are agreed with institutional investors and supported by PRI® inside and the add-on credit & collection management application PRI® CrediSoft and PRI® Supply Chain.
- Offering consolidated multi jurisdictions multi operating companies fully automated working capital financing solutions based on invoiced turnover, whereby PRI® inside directly interfaces with the Corporate's ERP systems, the Connection.
- The Qube Platform benefits from a modular design and standardized processes and legal infrastructure.
- US version of PRI® infrastructure can be calibrated for US time zone and jurisdiction.