Make a difference for your customers during the crisis
Help your customers get through difficult times
Many companies are struggling to cope with the fallout of the COVID-19 crisis. Revenues are falling across many industries, yet businesses are still getting hit by expenses—they must pay wages, suppliers, rent, etc. And this is putting cash flow and liquidity under serious pressure.
When companies have to wait for payment from their customers it puts even more pressure on their cash flow. But by supporting bank-guaranteed instant payments, you can help your customers pay their supplier invoices immediately without harming their own cash flow position.
An instant payment facility allows your customer to pay their supplier invoices immediately, while also improving their own liquidity position. Here’s how it works: first, a credit is made available by you to your customer. Your customer can draw on the credit as they pay their suppliers. By paying suppliers quickly, there is a longer payment deadline at the other end. Your customer’s suppliers can send the invoices either through the bank or through a digital trading platform like Tradeshift.
The instant payment facility is guaranteed by an ECA (export credit agency) and ensures that both your customer and their suppliers improve their liquidity in difficult times.
Our team is ready to call you and talk about the possibilities. Before you sign up, make sure that your customer meets the following requirements:
- Your customer must be an exporter or subcontractor of an exporter.
- Your customer must do business that benefits society.
- Your customer’s work must be environmentally and socially responsible.