Clareti Payables Financing
A payment and information service that manages the opposing forces
of buyer creditor-days and supplier receivable-days
Clareti Payables Financing is an innovative solution based on patent pending technology that transforms the financial supply chain for corporates. It helps suppliers' account departments to receive early payment of invoices due from buyers, without the restrictions and inflexibility associated with traditional invoice discounting and factoring solutions:
No requirement to provide copies of invoices to a discounter.
No supplier receivables audit requirement.
No 'credit limit' access to 100 per cent of approved buyer payments.
Payments made direct to supplier – not through discounter.
The web-based interface allows a supplier to view approved cash payments from their buyer online and then, as required, gain early payment authorisation in real time rather than waiting until the end of the buyer's normal payment cycle. Benefits for the supplier include better cash flow management and the ability to deal more effectively with their bank regarding financing.
Clareti Payables Financing allows a buyer to present approved payment information to suppliers electronically and keep suppliers funded while enforcing credit terms. Buyers can leverage improved supplier terms in return for offering the service, without disrupting the supplier's operations. And electronic presentation of approved payments information removes the need to continually update supplier credit control departments on payment status.
