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Financing in Fusion Cash Management

Vendor Financing

1.     Vendors can be financed on accepted invoices/bills and the interest can be charged either up front (like in case of discounting) or at rear end.

2.     Financed Amount can be a predefined percentage of the invoice/accepted amount.

3.     While financing, limits of client or vendor can be booked and the credit limits are monitored and validated for bursts.

4.     While reconciling the invoices, the proceeds are first credited to a control account from which bank loan outstanding is recovered and residual sum, if any is credited to the vendor’s account.

Financing to anchor client as a buyer

1.     Under this type of program, the bank finances the anchor client to pay off the accepted invoices of its vendor.

2.     The financing can start from the Invoice Due Date, on the Client Request or Invoice Acceptance.

Dealer Financing

1.     Under this program, the bank finances the dealer on per invoice basis.

2.     Bank on behalf of the distributors, credits the anchor client and settles the invoice.

3.     Buyer, on the other hand, then settles the loan.

Financing to anchor client as a supplier

1.     Anchor Client can be financed on the invoices/bills.

2.     Fiance Amount is calculated as a percentage of the invoice/accepted amount

3.     While financing, limits of client/dealer or both can be booked and the credit limits are monitored and validated for bursts.

4.     While reconciling the invoices, the proceeds are first credited to a control account from which bank loan outstanding is recovered and residual sum, if any is credited to the vendor’s account.