Automate your payments with factoring
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.
Benefits of the Confirming Remittances API
To use the Confirming Remittances API, you will need to onboard suppliers on to this API to include them in the system.
"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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