Innovative online payment solution that manages payments between Buyer Companies (Debtors) and their Suppliers (Creditors), based on Invoices/Financial Documents issued by suppliers.
Through an online process, Flexcash allows suppliers to request the advanced payment of invoices previously approved by the buyer. The payments are executed through confirming processes, in partnership with Caixa Geral de Depósitos (CGD).
The debtor approves creditor’s issued documents along with the due payment date information that determines the eligibility for the advance payment requests.
The financial entity receives and assesses the advance payment request in accordance with the conditions of the applicable contract.
The creditor may consult the documents eligible for advance payments and the estimated values, according to the terms of the applicable contract.
For Debtors (buyer companies) Flexcash can play an important role within the Accounts Payable management offering features and automated processes that help strengthen and optimize the relationship with suppliers, based on financial services (Confirming) previously subscribed with Caixa Geral de Depósitos, S.A. (CGD).
From the Creditors (supplier companies) perspective, on the other hand, Flexcash can play an important role within the Accounts Receivable management, allowing the payment of invoices in advance, before reaching their due dates.
Improvement of payment deadlines for suppliers.
Automated suppliers payments and automated bank interactions.
Cost reduction and administrative workload reduction.
Improvement of the relationship with suppliers and access to innovative services.
"Flexcash is an innovative online payment management service which has helped NOS dealing with different treasury management needs. Both simple and flexible, Flexcash has allowed us to optimize our relationship with suppliers, along with a greater process automation and benefits for both parties.”
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