Technology enabled receivables finance overview

Technology-enabled receivables finance, also known as "digital factoring" or "e-factoring," refers to the use of digital platforms and technology to automate and streamline the process of selling a company's accounts receivable to a third party, such as a factoring company, in order to raise working capital. This type of financing can be a useful tool for businesses that need to quickly access cash but may not be able to obtain traditional forms of financing, such as a loan from a bank.


Traditionally, the process of selling accounts receivable involved a lot of manual paperwork and coordination between the various parties involved, such as the selling company, the factor, and the customers whose invoices were being sold. With technology-enabled receivables finance, this process can be automated and made more efficient, allowing for faster turnaround times and greater transparency.


Some key features of technology-enabled receivables finance include:


  1. Digital platforms that allow companies to easily upload and manage their accounts receivable data, and provide real-time visibility into the status of their invoices.
  2. Automated underwriting and credit decisioning processes, which allow factors to quickly assess the creditworthiness of a company's customers and make financing decisions.
  3. Electronic invoicing and payment systems, which enable faster and more secure transactions between the company, the factor, and the customers.
  4. 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, technology-enabled receivables finance can provide businesses with a convenient and flexible way to access working capital, while also enabling factors to offer more competitive pricing and faster turnaround times.


Qube Account Receivables Finance Added Value

PRI® inside Platform

The fully automated solution for account receivables (or AR) financing by PRI® inside offers:


Set-up for daily settlement 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.

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