At Workcapital SA, we would like to introduce a service that can be a great asset to companies and SMEs as the end of the fiscal year approaches. We are offering our clients the option of discounting promissory notes without recourse.
This financing option offers a dual benefit for your company, as discounting without recourse improves balance sheet ratios by reducing the accounts payable balance on the company’s books.
All of this results in a drastic reduction in collection times.
The client gains protection against non-payment, which is why this type of service can be written off the balance sheet and improves the company’s financial statements—a critical factor as the fiscal year draws to a close.
This financing option is possible because this service treats the balance of accounts receivable as a cash collection, thereby protecting the client from future insolvency.
This is possible because the risk of non-payment is fully assumed by Workcapital, and the promissory notes are not returned to the client in the event of non-payment.
Taking advantage of Workcapital SA’s non-recourse promissory note discounting service offers nothing but benefits.
Of course, this includes what we’ve already mentioned regarding the improvement in year-end balance sheet ratios, but there are also other very important factors to consider:
First, there’s no need to secure the entire portfolio of promissory notes; instead, we simply choose the promissory note we want to discount.
This service does not require you to pledge all your revenue, as is required by insurers, which leads to a reduction in the financial expenses associated with this type of service.
Since this is a customized service, you do not have to pay for the entire portfolio; rather, you only pay the fee on the promissory note you wish to discount.
Nor is it necessary to process potential indemnities, as is the case with credit insurance.
The other major advantage is that this type of non-recourse promissory note serves asa guaranteefor our client covering the entire invoice—everything isincluded, right down to the VAT
Nor is it necessary to process any potential indemnities, as is the case with credit insurance.
What are you waiting for?
At Workcapital, we’re here to help you discount your promissory notes risk-free. Click here to contact us.
We’ll get back to you in less than 2 hours, and your promissory note will be processed very quickly.
You’ll have the money in your account sooner than you think, and thanks to this service, you’ll be able to improve your company’s balance sheet ratios.