Approved Payables

What is Approved Payables?

APF is a solution to offer liquidity to the suppliers of a buyer. Usually these suppliers, or SME are limited to their access to credit. This program provides a source of funding to these suppliers to maintain liquidity. This in turn ensures stability for suppliers and buyers.

Buyer submits approved invoice for payment to Finshare which will alert the supplier of the ability to decide on a method of discounting, either manual selection or automatic financing based on eligibility criteria. This is a Straight Through Processing (STP) from approved invoices to payment.

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1. Buyer uploads invoices.

2. Seller requests invoice assignment/financing.

3. Bank processes assigned invoices through FinShare.

4. Bank disburses net proceeds if funded.

5. Bank processes maturity payments.

Benefits of the FinShare Solution

  • Supports both 3-Corner and 4-Corner transaction processing with cross-sale confirmation, multi-funder supported transaction processing and buyer-supplier relationship management.

  • Buyers, as well as their suppliers, may be given direct controlled access to the application.

  • A buyer may either manually upload approved invoice information via XML and CSV, or automatically via a direct link to the buyer’s ERP system (EDI 820).

  • Lender driven filters automatically reject invoices that don’t meet minimum requirements (i.e., amount, age, tenor, etc.).

  • Interest and fees can be assessed on the product level, buyer level, and buyer-supplier levels. They can be tiered, fixed, variable or indexed.

Ready to join the FinShare solution?