- You gain access to
liquid assets and free up capital tied up in trade receivables
- We give you control
over your sales ledger and reduce the risk of future bad debts
- You gain access to
an operating credit facility which follows seasonal variations and growth
Borrow money using
your private or business customer invoices created with PayEx Invoicing Service
or PayEx Billing system as collateral.
Already the
following day you can receive an advance of up to 80 per cent of the invoice
amount, including VAT, deposited in your company’s bank account. You will
receive the remaining 20 per cent when your customer pays the invoice.
PayEx takes care of reminders and demands,
allowing you to concentrate on your core business.
PayEx Factoring is
quoted individually based on your repayment ability and the value of the collateral
(the invoice).
The price is
generally in line with what the banks offer.
Financial services
are offered in combination with other PayEx services, such as PayEx Payment
Services, creating opportunities for customer loyalty discounts on favourable
terms.
PayEx Factoring is
priced as follows:
- Limit fee as a
percentage of the credit granted
- Interest on drawn
portion
- PayEx Factoring is
an add-on service for customers using PayEx Invoicing Service or PayEx Billing
services
- A funding agreement
is signed for a minimum period of 12 months
- Factoring comprises
all invoice receivables in your normal business operations