Buyer Centric
Approved Payables Finance
Buyer submits approved invoice for payment to FinShare, triggering an alert to the supplier, empowering them to choose between manual selection or automatic financing for discounting, based on predetermined eligibility criteria.
This seamless process, known as Straight Through Processing (STP), ensures a smooth flow from approved invoices to payment, streamlining the entire transaction cycle.
How Approved Payables Finance works
1 Buyer uploads invoices for processing and financing through the system.
2 Seller requests invoice assignment or financing, indicating their intention to leverage the invoices for working capital.
3 Bank processes the assigned invoices using FinShare, ensuring accuracy and efficiency throughout the process.
4 Bank provides required working capital to the seller if assigned invoices meet financing criteria.
5 Bank ensures timely settlement for the Buyer as the assigned invoices reach their maturity date.
How FinShare Uses Approved Payables Finance to Benefit You
Learn more below about how FinShare uses Approved Payables Finance to benefit businesses and optimize financial health. FinShare's proprietary technology streamlines the APF process, making it faster and more efficient for businesses.
Additionally, FinShare offers personalized support and guidance to ensure that businesses are making the most of their financing options and optimizing their financial health.
Streamlined Transaction and Relationship Management
Supports both 3-Corner and 4-Corner transaction processing with cross-sale confirmation, multi-funder supported transaction processing and buyer-supplier relationship management.
Automated Invoice Rejection with Lender Filters
Lender driven filters automatically reject invoices that don’t meet minimum requirements (i.e., amount, age, tenor, etc.).
Enhanced Access Control for Buyers and Suppliers
Buyers, as well as their suppliers, may be given direct controlled access to the application.
Flexible Assessment of Interest and Fees
Interest and fees can be assessed on the product level, buyer level, and buyer-supplier levels. They can be tiered, fixed, variable or indexed.
Seamless Invoice Upload Integration
A buyer may either manually upload approved invoice information via XML and CSV, or automatically via a direct link to the buyer’s ERP system (EDI820).
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