Transparency and compliance are important in the area of receivables finance for a number of reasons. Firstly, transparency helps to ensure that all parties involved in a receivables financing arrangement have a clear understanding of the terms and conditions of the agreement, including the fees and interest rates that will be charged. This can help to prevent misunderstandings and disputes between the parties, and can also help to build trust and confidence in the agreement.
Additionally, compliance with relevant laws and regulations is crucial for ensuring that receivables financing arrangements are fair and transparent, and that they do not harm the interests of the company or its customers. For example, compliance with consumer protection laws can help to prevent predatory or unfair lending practices, while compliance with tax laws can help to ensure that the company is able to properly account for and report on the financing arrangements. Overall, transparency and compliance in receivables finance can help to promote fairness, trust, and confidence in the industry.
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 settle-ment routine is defined on automated interface between client’s financial 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.
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.