Approval process
At Financial Solutions, we understand the importance of speed and reliability for your business. That’s why we’ve designed a collaboration process that ensures approval and disbursement of funds within 24 hours.
Your growth is our mission – join the companies already leveraging our services and take your business to the next level!
1. Invoice Issuance
The buyer and seller conclude a transaction for the sale of goods or services, with the seller issuing an invoice that includes a deferred payment term.
2. Factoring Request
The client (buyer or seller) submits the invoice for financing to Financial Solutions, along with documents confirming the delivery of goods or services.
3. Client Analysis
Financial Solutions assesses the creditworthiness of the client (buyer and/or seller) and reviews their documentation, as well as the validity of the invoices and their maturity dates.
4. Funds Approval
Financial Solutions approves and disburses funds to the client within 24 hours.
5. Invoice Maturity Date
Upon the invoice’s maturity, the buyer pays the full contract amount to the factor.
Prerequisites for Successful Collaboration:
- Possession of outstanding, undisputed invoices with a deferred payment term of up to 12 months.
- Adequate creditworthiness of the buyer or seller (depending on the type of factoring).
- Proper and complete business documentation.
Fast. Simple. Secure.