With Aresbank’s prompt payment confirming service, you will be able to pay your invoices in advance invoices in an agile manner. Take advantage of a financial solution that will help you to strengthen your relationship with your suppliers and optimise your cash flows.
One of the types of confirming is prompt payment confirming. And what is a confirming prompt payment? It is a solution for managing payments to your suppliers that allows you to advance payment of your invoices.
In this modality, your company assumes the cost of the financing or advance payment of your suppliers’ invoices. of your suppliers, so they do not have to assume any cost.
Advantages of confirming prompt payment for companies
Prompt payment confirming can be a financial solution with numerous advantages for your company, such as:
- Improving the relationship with your suppliers
Prompt payment confirming strengthens your business’ commercial relationships by guaranteeing fast and reliable payments to suppliers, thus fostering a relationship of trust and mutual collaboration.
- Gives you access to discounts
By making early payments through confirming, your company can take advantage of early payment discounts from suppliers, which can lead to significant savings and improved profitability.
- Reduces administrative tasks
This financial tool minimises the administrative burdens associated with payment management. By delegating these tasks to a financial institution such as Aresbank, your company can focus more on its core business and less on administrative tasks.
Advantages of confirming prompt payment for suppliers
Confirming can also be a financial solution with outstanding advantages for your suppliers, such as:
- It allows you to advance payment at no cost
Confirming offers your suppliers the option of receiving immediate payment of their invoices without incurring additional costs, which is beneficial for a more efficient management of their working capital.
- Invoices can be collected as soon as they are issued
Your suppliers can collect their invoices as soon as they are issued, thus avoiding the usual delays in payment deadlines and improving your liquidity.
- Improves cash flow
The ability to collect invoices immediately has a positive impact on your suppliers’ cash flow, enabling them to plan and execute their financial operations more efficiently and securely.
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The advance payment of your invoices to your suppliers involves the payment of a commission, but your suppliers do not have to assume any payment.
You can contract our prompt payment confirming service by contacting us directly. To speed up the process, you can leave us your details on our form and we will contact you to explain the steps to follow.
To access our prompt payment confirming service, we will carry out a diagnosis of the situation of your business. To do this, we will have to assess your solvency and repayment capacity. We will then evaluate which financing options are most suitable for your company in order to select the one that is of most interest to you, and we will draw up a strategic plan tailored to your needs.
In confirming prompt payment, it is your company that assumes the cost of the advance payment of invoices, but this amount compensates for the savings you can make by negotiating different discount options for early payment with your suppliers.