Customer advance for companies

The Factoring service offers sole traders and companies the option to advance invoices without having to wait for maturity. The requirement for financing is that the origin of the credit derives from a commercial transaction (business-to-business).

It's very easy! The first option is to fill out the form you will find on the website under the "About Us" tab. The second is to contact our specialist agents directly by calling 960 50 20 24.

It is tremendously simple! We only need a copy of the promissory note and the invoice. We assess the transaction without obligation and you will have your answer within a maximum of 2 hours. Upon approval, we will request the necessary details to prepare the contract. As soon as we receive the signed contract and endorsed promissory note, the transfer will be issued to you.

Most definitely! At Workcapital, we are experts in analyzing transactions in record time. We know that a lack of liquidity is a major issue in managing your company's treasury; therefore, our priority is to inform you of the result of our analysis in less than 2 hours so that you can find a solution as quickly as possible.

We focus on analyzing the debtor's creditworthiness, the waiting period until maturity, and the face value of the transaction. Based on these factors, we set a price for the transaction.

As mentioned before, our greatest advantage is speed. Approved transactions are usually paid out on the same day, meaning no multi-day waits that could worsen your cash flow situation.

The advance terms will be calculated on the net amount of the invoice, after taking into account credit notes and applicable taxes on the tax base.

Payment is made immediately once the contract is signed and the formalization procedures are completed.

It reduces average collection terms and provides immediate liquidity. Invoice Advance is a fast, simple form of financing that does not affect your CIRBE record.

The following types of invoices can be distinguished:

• Standard invoice
• Simplified invoice or receipt
• Proforma invoice
• Rectifying (corrective) invoice
• Summary invoice
• Electronic invoice

Workcapital facilitates the financing of outstanding invoices issued to both private companies and public bodies.

Yes, Workcapital allows you to enter into an assignment agreement for multiple invoices linked to a specific contract or issued after a set date. In this way, you can improve your customer portfolio's average collection period and leave collection management to us.

It's very easy! The first option is to fill out the form you will find on the website under the "About Us" tab. The second is to contact our specialist agents directly by calling 960 50 20 24.

In invoice advances, maturity is not represented by a payment promise (promissory note), which often means that agreed payment terms can be delayed. The retention is simply a percentage applied to the total invoice amount to cover these potential timing discrepancies.

Public factoring consists of advancing the credit from a sale made or service provided to the public administration. With just the invoice or the public contract award, we can evaluate the proposal.

Contact us!

An acknowledgement of assignment is a document by which a company assigns the collection rights of an invoice to a financial institution. This document is usually necessary in invoice advance services. In these cases, the financial institution sends said document together with the corresponding invoice to the debtor entity. For this document to be accepted, the paying entity must recognize the financial institution as the legitimate beneficiary of the collection rights. Once this document is accepted by the parties, the advance credit can be released.

Advancing an invoice is a simple process; you just need to send us the invoice to be advanced, and we will handle all the arrangements! However, before starting any process, it is highly recommended to agree on the operating procedure to follow with the invoice payer.

To contract supplier advance services for companies, you must be up to date with public administrations. However, alongside the transaction, we can manage the settlement of the debt at no extra cost.

No, it is only necessary for the invoice payer to recognize us as the legitimate beneficiary of the invoice's credit. From that point on, we will proceed with the factoring contract, and as soon as everything is verified, you will receive the money in your account.

It really is that easy!

Of course! We only evaluate the entity issuing the collection right. Therefore, having debts registered is no obstacle to working with us. Call us!

To contract invoice advance services, you must be up to date with public administrations. However, alongside the transaction, we can manage the settlement of the debt at no additional cost.

As with promissory note discounting, costs will depend on the entity paying the invoice, the maturity period, and the operational procedure followed. We always recommend sending us a sample invoice so we can guide you through the entire contracting process.

At Workcapital, we understand the need to access liquidity as soon as possible. Therefore, following contract signing and completion of the necessary checks, we transfer the funds immediately.