Anticipation of receivables? What is receivables prepayment ? For businesses is one of the best credit operation, the operation works for those who want to receive cash immediately when they have reservations to receive in the future. This transaction is very uncomplicated, we can even say that it is extremely simple to get the necessary credit for the ease of reduced bureaucracy.
In anticipation for receivables companies, you withdraw cash receipt that already belongs to you, however, it has not yet entered your cash for good. But for this, the companies will have to bear the costs and fees that are charged with this anticipation by the credit companies, banks and financial institutions.
On the web, many lending companies in factoring and development are online regularly operating this type of credit for companies, the operation is done quickly and efficiently, in a few hours the anticipation money is already in the account of the client who made the exchange. If your online or offline business or commerce receives duplicate payments, credit card and pre-dated checks, you can, whenever you want, opt to anticipate these values of your sales term.
How Prepayment Works
What banks and factories do this type of transaction, almost all business owners and entrepreneurs, you know. That numerous financial institutions also carry out the anticipation of receivables and even companies that provide credit card machines like (Cielo, Network, GetNet, etc. The novelty is that now you can do this also via ERP system, more practical and simple. For your company to anticipate its duplicates with a fair interest rate, get to know Rapidoo.
Prepay receivables for your business
The transaction is financial, and it works like this: the financial institution or creditor anticipates the amount you have to receive in the future, in doing so, a discount is applied related to an interest rate (commission) plus the cost of IOF financial operations). From there, the company is responsible for receiving the future title that you “sold”. That is, when your customer pays the bill, the credit invoice or the date of the discount of the check, who gets the full amount is the lender or the institution that anticipated the money for your company.
Do you need credit analysis to make the anticipation?
Although the operation is very simple, some procedures are applied in each company that enters the system, the institution that will make the anticipation of the receivables usually perform a credit scan with analysis of the companies, then need not say that if there is a sign of default or restriction in the CNPJ, the creditor or the financial institution will possibly give up the business.
Do not forget that in cases where your client does not pay the bills or invoices, who will be responsible for the debt is your company.
When to request the anticipation of receivables
In general, the anticipation of receivables is done as one of the alternatives that companies and entrepreneurs realize when they need money and increase their working capital. The biggest users of this modality are companies that sell products and services with timely payments, that is, they finance their products in the long term, but they have to pay their expenses, costs, inventories, suppliers and employees every month.
It is common for companies to bill the sale of products with terms between 30, 60 and 90 days, however, they have to pay some suppliers within 30 days, in this case, it will be necessary to pay cash, cash or advance money .
As we have already said, and important to research, compares to register and request, rule of the four. Find out the best companies that work with this type of credit and compare which one offers interest rates that really do not hurt your company.
It is worth mentioning that when anticipating your receivables it is possible that one or another customer will default and will not pay the invoice leaving a financial hole that may be of little value but may be a reasonable amount. Read also about the three situations that loans help companies.
Where to get the prepayment for receivables
Getting the prepayment of receivables is easy , most of the major banks and credit institutions in the country, in addition to the various companies managing credit and debit card machines, factories are experts in this line of credit and they are invading the internet. Check below the conditions to anticipate receivables in the main banking institutions of the country.
Check out the Pitch, Advance anticipation for receivables and Rapidoo what the conditions each one offers and workmanship. If there are still doubts about which the best credit search the blog you will certainly find relevant information for your decision. Click here or here.