Invoice / Accounts Receivable Financing System (Seller Centric)  

The challenge for our client a global financial institution (FI) was to provide a system for a Fortune 500 multinational toy manufacturer present in 4 continents.  The corporate client was experiencing increasing cost due to multiple bank relationships through its affiliates, inefficiencies caused by disparate local systems compounding the problem.  The corporate enterprise decided to implement a Shared Service Centre (SSC) in partnership with our client and created a new revenue stream for a Financial Services Firm (FSF).

 Solution

Equipping the Corporate client with Premium Technology’s Invoice / Accounts Receivable Financing System enabled the automation of the entire payables process from the creation of purchase orders and receipt of invoices, to handling disputes and submitting payments online for 19 countries. The FI secured a long lasting multinational relationship, became pioneers in providing web enabled services online for European affiliates of American conglomerates. 

Premium Technology's Invoice / Accounts Receivable Financing System will:

• Operate via a secure web user interface as an in-house or hosted solution, using state of the art encryption techniques and tools to protect your information

• Automate credit and risk controls and monitors activities with full audit trail and document availability

• Provide a breadth of functionality which includes event triggers providing notifications regarding credit limits, reserve availability, rate & fee flexibility and much, much more

• multiple file formats reception and dispatches

• Channel e-payments

• Provide a flexible, scalable solution that can be easily implemented either as a stand alone, in conjuction with other Premium SCF modules for a complete end to end solution.

The invoice /AR financing system draws together important financial sector services and incorporates reliable document transmission alternatives. It also provides secure and effective system availability (and interfaces with your core system, if so requested), while enabling the interaction between the Seller, the Buyer, the financiers, i.e. banks and other financing organizations, insurance document trails and reminders , third party information resources – Credit Bureaus, Logistics, etc.. Corporate treasurers and CFO’s highly appreciate the benefits to DSO’s and working capital improvements.