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Do you know what happens when a company faces a financial crisis or some kind of difficulty in meeting its scheduled payments? In practice, what we call a breakdown in the financial cycle , where a sequence of other individuals or companies suffer from this default. And what is the solution for many of these companies that find themselves in a similar situation? It is to resort to receivables financing .
By securing in their cash flow today the amounts that would be projected for the future, companies can make their payments without disrupting this cycle, and also guarantee a number of benefits. After all, receivables financing charges a much lower rate compared to a conventional loan or other forms of credit .
But as a software solution provider for your clients, have you imagined the positive impact it would generate if you could offer automatic receivables anticipation in a fast and simplified way?
So, see here how this solution can already be applied and made available in conjunction with your ERP , for example, acting as a major differentiator to prevent customer defaults with your company.
How does the receivables anticipation process work today?
Before discussing directly how receivables financing can practically prevent default, we first need to understand the process companies currently use to make this choice.
In short, the whole process is lengthy with the institutions that offer this option to businesses . It's always necessary to submit a series of documents and invoices every time a company is interested in simulating or requesting an advance on receivables.
Because of all this bureaucracy, many give up trying this option and end up defaulting for longer, even though there are amounts that are already theirs and are simply not available at the moment because of the installment sales they made.
In that case, are there no options to shorten this path, making the process automatic or simplified?
Yes, it does exist! And we're going to learn about its details from now on.
How can offering receivables financing prevent default?
Given this scenario, it is clear that the best option to avoid payment delays is the anticipation of receivables, provided that it happens in a simple and quick way, eliminating these series of difficulties in making it available.
If you offer credit in an automated and simplified way, this default rate can be reduced.
To be clear, the cycle begins like this :
- Your client doesn't have the cash to cover all the payments;
- He will prioritize the most urgent payments (rent , employee payroll , utilities);
- And the company will default on your payments;
- You'll be at a loss.
Did you see how the cycle works and how it can affect everyone?
Facilitating access to projected receivables is the best way to avoid defaults, and yes, there is a way to use your management system in this process.
Offer a simplified financial services layer with your management software
As a solution to this problem, you can avoid default by offering a layer of financial services in your management software.
Yes, with this option, your clients will have the opportunity to anticipate receivables using the data already available in the management system.
And Skyone believes that the best transformation starts from the inside out of companies. More specifically, within their software.
That's why you need to know about Skyone Marketplace . This is a financial transaction platform with high integration capabilities, connecting financial institutions to the heart of businesses, which are their management systems.
By connecting this end-to-end process, we enable simplified financial operations to be carried out in just a few clicks, with processes that have the necessary characteristics to change the way everyone views receivables financing . These include:
- 100% digital;
- without red tape;
- transparent;
- safe;
- It's simple.
With this solution, your clients will have access to the process of transforming sales on credit into cash upfront through receivables financing, thus avoiding default on payments you need to receive.
Want to better understand how Skyone Marketplace can work in practice and support your operation in this area? Then don't waste any more time and check out the details of this new solution that will directly impact your customers with receivables anticipation and other benefits in the area of financial management. Request a Demo .
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