Aresbank Confirming: guarantee and advance payment to your suppliers, benefiting both sides of your business.
With Aresbank’s confirming service you can manage payments to your suppliers conveniently, securely and efficiently. Simplify your financial operations and speed up your payment processes with guarantees.
Confirming is a solution that offers numerous advantages both to the company that contracts the service and to its suppliers:
Advantages for the customer
- Our confirming service allows you to:
- Improve commercial relations with your suppliers.
- Strengthen your company’s image with your suppliers.
- Reduce the administrative management burden.
- Finance payments to your suppliers.
- Access possible discounts on your suppliers’ invoices.
- Optimise your business cash flow.
Advantages for the supplier
Your suppliers can also benefit when you contract our confirming service:
- They ensure the collection of their invoices.
- They get paid in cash or on maturity, at their convenience.
- The management of their invoices is more agile.
- You avoid the possibility of non-payment in the case of confirming without recourse.
- Eliminate the debt from the customer account.
- They can access financing without using up their own credit line.
- The financing does not appear on their liabilities.
- They can advance invoices at any time.
What is confirming for companies and how does it work?
Confirming is a financial solution whereby an entity, in this case Aresbank, advances the amount of your invoices to your suppliers before the due date.
We take care of managing payments to suppliers, so that they can collect their invoices in advance by financing them.
Through confirming, the financial entity guarantees the payment to the supplier with the company, so that the company can meet its payment commitments to suppliers in the short term, avoiding any risk of insolvency.
Types of Aresbank confirming
At Aresbank you can find different confirming solutions for your company:
- National confirming: This type of confirming takes into account the geographical area in which the client and its suppliers operate and occurs when both parties are of the same nationality.
- International confirming: In this case, the issuing company is of a different nationality than the recipient of the confirming.
- Prompt payment confirming: This is a modality in which the issuing company assumes the cost of advance payment of invoices, which allows them to negotiate with their suppliers different discount options for early payment.
At Aresbank we help you find the most beneficial method for your business, adapting to your needs and providing you with a tailor-made option.
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Yes, with confirming it is possible to issue both domestic and international payments in a single remittance, thus facilitating your foreign trade operations.
For non-residents, it is possible to use our confirming service, although the financing service will only be available to your suppliers.
No, it is not possible to send payments in foreign currencies with our confirming service.
After contracting our confirming service, your suppliers can request the advance payment of their invoices by visiting any of our offices. Our agents will guide them through the corresponding procedure.