An integrated approach to receivables, supply chain finance, and collection management can provide several benefits for a company in terms of accelerating the payment cycle for both buyers and suppliers, including:
- Faster payment collection: By automating the invoice and payment process, an integrated system can speed up the payment collection process for the company, which can improve cash flow and reduce the risk of bad debt.
- Improved supplier relationships: By providing suppliers with early payment options through supply chain finance, the company can improve their relationships with suppliers and increase their willingness to do business with the company.
- Increased efficiency: An integrated system can automate many processes, such as invoice creation, credit checks, and payment collection, which can lead to faster processing times and reduced errors, resulting in increased efficiency and cost savings.
- Better risk management: Having a centralized system for managing credit and collection activities allows for better risk management by providing a comprehensive view of customer creditworthiness and payment history, which can help mitigate potential risks.
- Better visibility of supply chain performance: An integrated system provides a complete view of the entire process from invoice creation to payment collection, this allows the company to identify any issues that may arise and address them in a timely manner.
Qube Digital Innovation Added-value
- Qube Financing (and its affiliates) have developed the Qube platform, supported by its proprietary PRI® inside infrastructure, front-end to back-end fully automated receivables financing platform (“Qube Platform”), as one of the earlier Fintech 3.0 initiatives in the market and is fully equipped to be the winning platform of the third wave.
- This Qube Platform is fully operational and has been fully adopted by institutional investors, including the standardized procedures, ‘modus operandi’ and underwriting process steps & criteria.
- Qube targets European SME and Mid Market Corporates with a fully standardized approach as well as tailored solutions for multinationals, predefined underwriting criteria that are agreed with institutional investors and supported by PRI® inside and the add-on credit & collection management application PRI® CrediSoft and PRI® Supply Chain.
- Offering consolidated multi jurisdictions multi operating companies fully automated working capital financing solutions based on invoiced turnover, whereby PRI® inside directly interfaces with the Corporate's ERP systems, the Connection.
- The Qube Platform benefits from a modular design and standardized processes and legal infrastructure.
- US version of PRI® infrastructure can be calibrated for US time zone and jurisdiction.
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