• Invoice Financing
• Account Receivables Financing
• Discount Financing
• Vendor Financing
• Distributorship Financing
• Channel Financing
• Dealer Floor Planning
• Structured Finance (Receivables Pooling)

Receivable Financing module is vendor/seller centric.  It provides our clients discount financing against their receivables to unlock working capital tied up in the cash conversion cycle of trade payment cycles and terms.  Receivable Financing is a type of asset lending which allows sellers to receive income from the sale of a product or service before the terms of a deal are totally satisfied. This can be accomplished by banks buying discounted invoices from the seller or by servicing the seller with receivable financing. Either way, banks receive income from this transaction. For this income, the bank assumes the responsibility to service and collect on the terms of an invoice. Upon payment by the buyer, the financial institution will close out the loans.  Click here to find out how our Receivables Financing System can Decrease DSO.

Premium's FinShare Receivables Solution provides the following components:

• Receivables Manager: Receivables uploads, validation, changes, approval, and aging reports
• Receivables Financing: Batches/Pools receivables for financing and computing loans
• Vendor Financing: For Banks and/or Corporations offering vendor financing to clients

As the intermediaries between suppliers and buyers, Financial Service Firms (FSFs) play a vital role in facilitating the global financial supply chain. From upstream services like advisory services and corporate financing to downstream services like payment processing, FSFs touch all facets of global trade.

In an ideal world, this process would go smoothly, enabling all participants to maximize working capital, drive revenue, and make actuale financial forecasts. However, the reality is different. The buyer's ability to drive revenue is compromised when the supplier delays product shipments or defects to other competitors. FSFs lose precious working capital and staff productivity to bad loans and payment delays. And suppliers must scramble for costly financing when buyers postpone or contest payment. This can result in a major disconnect between the physical and financial supply chains, impairing each participant's ability to execute and grow his business.

Premium's Receivables Financing Solution ends that disconnect, streamlining the financial supply chain and providing value for all participants. Using the latest Java/J2EE/XML technology and rules-based engines, Premium provides an end-to-end receivables financing solution that reduces errors, enables collaboration, and automates key banking processes.

• It increases working capital leverage for vendors
• Streamlines the receivables financing process through a web-based portal for automated uploading (invoices, receivables, client information, correspondence ) and bi-directional sharing, which results in reducing costs, errors, omissions, and fragmented manual processes.
• Processes complex vendor financing transactions (Extensions, Partials, Variable Adjustments to Financing Limits)
• Flexible and scalable functionality allows for new product scenario analysis and modeling (i.e. invoice batching or pooling to create loan based assets).
• Clients have access to financing request, input, query, correspondence, and client account updates; as well as, the ability to have online negotiations with the financial institution regarding invoices
• Automated reports, which reduce credit risk and the chance of bad loans because it accesses the buyer's and supplier's credit usage to simplify collections.
• Supports all types of accounting methods: fees, valuations (back valuations, tiered charges, discounts), and multi-currency transactions.
• Opens up the opportunity to charge unlimited service and handling fees
• Dashboards and GUIs allow for detailed information access, such as, multilevel reporting and monitoring, analytics, daily activity and settlement reports.
• Complies with Sarbanes-Oxley and global regulatory standards which help improve internal controls and risk management through transaction audit trails, stored documentation, multi-level reports, alerts, and notifications.
• Supports multi-lingual processing coupled with global business processing holiday calendar to meet local and cross-border requirements
• System security provides for user access control and authentication, which can be integrated into the corporate system's security environment.

• Single interface integrates with and streamlines access to FSF systems.
• Can be integrated with existing support infrastructure (ERP, WMS, WDI, CRM systems) through major vendor and industry standard protocols, API's, XML, etc.
• Based on interoperable technologies, including Java/J2EE/ XML, and SWIFT, among others.
• Rules-based engines to solve common exceptions, and escalate exceptions during the transaction processing lifecycle.
• Highly scalable and flexible to meet client business support needs since it is not limited by transaction volume or product type.
• Can be installed within a client's environment as a logical or physical site, i.e., standalone.
• Web-based portal access.
• System security that provides for user access control and authentication which can be integrated into the corporate system security environment.