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.
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
Manage invoices to be paid via factoring to suppliers as part of automatic payments with no manual intervention. Reduce your operating costs.
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.
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.
The Confirming Remittances API offers:
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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