For suppliers · How to, under 90 seconds
What will a financier ask me, as a supplier, before paying me early?
Who your anchor is, whether the invoice or order is real and approved, whether your business is in good standing, and whether anyone else already has a claim on that invoice: have the answers ready before you are asked.
In short
- Have your record with your anchor to hand: orders, delivery notes and past invoices.
- Be ready to show the invoice or order is approved and not financed elsewhere.
- Keep your registration, tax compliance certificate and bank account current.
Your anchor and your record with it
How long you have supplied this anchor, how often, and whether deliveries have been accepted without dispute, returns or credit notes. Have the purchase orders, delivery notes and past invoices to hand: the record matters more than your account of it.
The invoice or the order
Is it approved by your anchor, or confirmed with a payment undertaking? Is the order firm? Has any part of it been assigned, pledged or financed elsewhere? A financier will ask, and the honest answer is cheaper than the discovered one.
Your business’s standing
Registration in good standing, a valid tax compliance certificate, and the bank account the money will go to, already held on the platform. These are the most common gaps and the fastest to close.
What happens if your anchor does not pay
On two of the three supply-side products, you repay. A financier wants to know you understand that and can carry it. Read the product page for yours before the conversation, not after.
Next in this track
What happens between my purchase order and my vendors being paid?