| |
| INVOICE / RECEIVABLES FINANCING |
| |
Invoice Manager:Receivables
uploads,validation,changes,approval,aging reports
Invoice / Receivables Financing:
Batching/Pooling receivables for financing and computing loans
Vendor Financing:For Banks and/or Corporations offering vendor financing
to clients
|
Using Receivables to Create Value |
Business Benefits |
|
As the intermediaries between sellers and buyers,
financial services 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 revenues, and make
accurate financial forecasts. However, the reality is somewhat different.
Buyers' ability to drive revenue is compromised when sellers delay product
shipments or defect to competitors. FSFs lose precious working capital and
staff productivity to bad loans and payment delays. And sellers must scramble
for costly financing when buyers postpone or contest payment. The result? A
major disconnect between the physical and financial supply chains, impairing
each group's ability to execute and grow their business.
Premium Technology's (Premium)
invoice/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 invoice/receivables financing
solution that reduces errors, enables collaboration, and automates key
banking processes.
|
Premium
Technology's FinShare invoice / receivables financing solution benefits
all the constituents in the financial supply chain. Major benefits
include:
Sellers
-
Increasing working capital leverage
-
Streamlined receivables process, increasing liquidity and operational
efficiency
-
Access to vendor-neutral receivables financing, reducing financing costs
-
Greater visibility into cash management, enhancing agility
-
Improving cash flow and reducing outstanding debt
-
Experience with buyers can lead to a more
Financial Services Firms
-
Decreasing operational costs, freeing up working capital
-
Creating new revenue streams, such as receivables batching and pooling
-
Ability to innovate and test products in rapid timeframes
-
Managing lending process more tightly, increasing profitability
-
Decreased risk and enhanced regulatory compliance
-
Decreased charge-offs, due to better visibility and control over lending
Buyers
-
Enhanced leverage and relationships with suppliers, due to new payment tools
-
Increasing payment control, with automated notifications, approvals, payment
timing, and information
-
Ability to test-and-learn with new payment processes and products
-
Alignment of supplier payment cycles with internal cash flow needs
-
Experience with sellers can lead to better terms and pricing
|
| Solutions Highlights |
The Premium invoice/receivables financing solution addresses the financial
supply chain participants' most pressing needs:
-
Enabling straight-through processing to reduces costs,
errors, omissions, and fragmented manual processes
-
Collaboration with clients through a web based portal
for automated data uploading and bi-directional sharing. This provides client
access for input,query, and correspondence services as well as client account
updates
-
Reducing credit risk and bad loans through access of
buyer and seller credit experience and automated reporting to simplify
collections
-
Increasing productivity to allow staff to focus on
higher level tasks
-
Develop new revenue streams through its flexible and
scalable functionality that allows for new product scenario analysis and
modeling, i.e., invoice batching or pooling to create loan based assets
-
Detailed information access, such as, multilevel
reporting and monitoring, on-line dashboards and analytics, daily activity and
settlement reports, etc.
-
Improving internal controls and risk management to meet
requirements of Sarbanes-Oxley and global regulatory standards through
transaction audit trails, stored documentation, multi-level reporting, alerts,
and notifications
-
Integration with existing support infrastructure (ERP,
WMS, WDI, CRM systems) through major vendor and industry standard protocols,
API's, XML, etc.
-
System security that provides for user access control
and authentication which can be integrated into the corporate system security
environment.
|
| Technical Overview |
-
Single interface integrates with and streamlines access
to FSF systems
-
Based on interoperable technologies, including
Java/J2EE/ XML, and SWIFT, among others
-
Uses rules-based engines to solve common exceptions,
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 environment as a
logical or physical site
-
Web-based portal access
|
|
 |
|
|
