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Confirming Remittances

Spain
Private

Automate your payments with factoring

With the Confirming Remittances API, you can send payment remittances and obtain immediate confirmation that they are being processed from your internal management system.

Learn more about Confirming Remittances

Streamline the supplier payment process

The management of invoice payments is an essential factor for any company. Factoring allows you to manage your supplier payments without experiencing any cash flow tension. It is also a great way of strengthening your relationship with your suppliers.

As part of our service, you can include the immediate sending of remittances of up to 100 invoices into your system to pay suppliers via factoring, receiving immediate confirmation that the remittance is being processed.

In practice

What it offers

Benefits of the Confirming Remittances API

Automate your payment processes

Manage invoices to be paid via factoring to suppliers as part of automatic payments with no manual intervention. Reduce your operating costs.

Offer your suppliers advances on invoices

Include this solution on your platform to offer your suppliers advances on invoices, providing them with more flexibility in their collection of payments and improving relations between the two companies.

Optimize the use of your factoring limit

By including this API on your suppliers’ website, only orders that your suppliers need are made in advance, leading to a more efficient and healthy cash flow.

How does it work?

To use the Confirming Remittances API, you will need to onboard suppliers on to this API to include them in the system.

1. Onboard your suppliers

This step is only necessary if you offer advance payments to suppliers on your own platform.

2. Select the invoices on your platform

Select the invoices or orders on your platform that you want to send for payment via factoring or advance payment to your suppliers.

3. Connect with BBVA

Connect your systems with the BBVA API to send invoice remittance and supplier information.

4. Outcome

Obtain immediate confirmation that your supplier invoice and remittance is being processed.

Factoring simplifies the management of payments to suppliers with the option of requesting their deferment upon maturity. With the factoring API, customers can automate payment remittances from their own ERP in a quick and simple way, providing suppliers with a convenient tool for collecting their invoices in advance.

Javier Fernández Caldito, Head of Value Offering Business Banking

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