Add value to your business by saving time and boosting security
Manage, handle and pay invoices that have been accepted but not yet due from your suppliers, whether based in or out of Andorra, by providing them with the option of invoice discounting.
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A straightforward, effective solution so that the service is flexible and easy, both for your business and your suppliers.
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Save time and expenses, as the bank covers the administrative and handling charges for payments to your suppliers.
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Instant financing that allows invoices to be collected earlier.
The Reverse Factoring service offers you
International reverse factoring service
MoraBanc has an international reverse factoring service for handling the payment of your international suppliers’ invoices, based on the experience and technology delivered by Banco Santander, the leading bank in financing reverse factoring arrangements:
- it covers more than 40 countries and is continually expanding.
- Call centre able to deal with the acceptance of payments in seven languages.
- Invoices processed in whatever currency issued that can be freely converted and negotiated in the major financial markets.
Arrangement with big advantages for your business
- Save on costs, as the bank covers all internal expenses for processing supplier payments.
- Save on time and travel, as confirmed payment remittances can be processed online.
- Free service for transfers made to Andorra.
- Improve business relationships and the ability to negotiate with suppliers.
- Possibility of paying in different currencies and countries.
- Optimise the worth of your working capital.
Advantages for your suppliers
- Reverse factoring allows your suppliers to pay their outstanding invoices in advance and, therefore, to obtain short-term financing.
- Flexibility: you can choose to pay all or some of your invoices in advance.
- Instant financing, as it is secured by your business and it is usually less expensive than local financing.
- Increase your borrowing capacity, as you will be able to dispense with trade discounts at your bank.
- Applications dealt with in 7 days at the most, provided the required documentation has been submitted.
Write to us and we will contact you
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