Open Factoring will sell your invoice, resp. the invoice underlaying the delivery of goods and services to investors on the Advanon platform. Investors now have legal claims on the repayment of the invoice, which is why your end customers will be notified to pay to Advanon. Your end customer must confirm that the invoice will be paid to the Advanon account when due. It is up to your customer to settle the bill, however, your company can also buy back the invoice to prevent collection of your end customer. Due to Open Factoring, the risk lies with your end customers, which is why generally higher credit limits can be achieved than with Pre-Financing.
Updated on December 27, 2018