For many corporate clients, the issue of optimising working capital has moved to the top of the agenda. Safeguarding sufficient liquidity headroom, improving financial results and securing a stable supply chain are central concerns for customers and their suppliers.
There is, however, a "natural" conflict of interest between customers and suppliers regarding the agreement of payment terms. Suppliers seek to be paid as early as possible, while customers wish to pay as late as possible. ErsteConfirming helps to solve this conflict – to the advantage of both partners.
ErsteConfirming is an easy-to-use, fully automated payment transaction product for confirmed and as yet outstanding invoices. It provides the option of advancing these invoices prior to due date – against a corresponding discount on the invoiced amount.
A quick, easy, and flexible financing system
Improvement of liquidity and financial ratios
Improved cash flow management
Lower financing costs
Credit risk insurance
Safer supplier base and supply chain stability, improved supplier relations
Better negotiation position with respect to the supplier
Option of extending payment terms
Positive effect on key financial indicators and rating