invoice advance

The Factoring service offers freelancers and companies the option of anticipating invoices without having to wait for them to expire. The requirement for financing is that the origin of the credit is derived from a commercial transaction (business-to-business).

Very easy! The first option is to fill out the form that you will find on the web in the ''About Us''. The second is by directly contacting our specialized agents by phone 960 50 20 24.

It is tremendously simple! We only need the copy of the promissory note and the invoice. We study the operation without obligation and in a maximum of 2 hours you will have your answer. With the approval of this we will request the necessary data to carry out the contract. As soon as we receive the signed contract and the endorsed promissory note, the transfer will arrive.

Of course! At Workcapital we are experts in analyzing operations in record time. We know that the lack of liquidity is a big problem in the treasury management of your company, therefore, our maxim is to notify you in less than 2 hours of the result of our analysis with the objective that you find the solution as soon as possible.

We focus on analyzing the credit quality of the debtor, the waiting period until maturity and the face value of the operation and, based on these, we set a price for the operation.

As we have already mentioned, our biggest advantage is speed. The approved operations are usually paid on the same day, that is, without waiting several days that worsen your treasury situation.

The advance payment conditions will be defined on the net amount of the invoice, after contemplating the credits and taxes to be passed on to the tax base.

Payment is made immediately once the contract is signed and formalization procedures have been completed.

Reduces the average collection period and provides immediate liquidity. The Invoice Advance is a fast and simple form of financing that does not compute in CIRBE.

The following types of invoices can be distinguished:

1. ordinary invoice
2. Simplified invoice or ticket.
3. Proforma invoice.
4. Corrective invoice.
5. Recapitulative invoice.
6. Electronic bill.

Workcapital facilitates the financing of outstanding invoices issued to both private companies and public bodies.

Yes, Workcapital allows you to formalize a contract for the assignment of multiple invoices linked to a specific contract or after a defined date. In this way, you can improve the average collection period of the client portfolio and not worry about the collection management.

Very easy! The first option is to fill out the form that you will find on the web in the ''About Us''. The second is by directly contacting our specialized agents by phone 960 50 20 24.

In the advance payment of invoices, the due date is not represented in a promise to pay (promissory note), this means that the agreed installment payments are often extended. Withholding is nothing more than a percentage applied to the total invoice to cover these possible mismatches.

Public factoring consists of anticipating the credit of a sale or service provided to the public administration. Only with the invoice or the award of the public contract will we be able to study the proposal. Contact us!

The taking of reason is a document by which a company assigns the collection rights of an invoice to a financial institution. This document is usually required in invoice advance services. In these cases, the financial entity sends said document along with the corresponding invoice to the debtor entity for the services. For this document to be accepted, the paying entity must recognize the financial institution as the legitimate beneficiary of the collection rights. Once this document is accepted by the parties, the credit advance will be available.

Preparing an invoice is a simple process, you only have to send us the invoice to anticipate and we will carry out all the procedures! However, it is highly recommended before starting any procedure to agree with the bill payer on the operation to follow.

No, it will only be necessary for the invoice payer to recognize us as the legitimate beneficiaries of the credit thereof. From that moment we will proceed to carry out the factoring contract and as soon as everything is verified you will receive the money in your account. That easy!

Of course, we only study the issuing entity of the collection right. So having debts is not an inconvenience to work with us. Call us!

To contract invoice advance services, it is necessary to be up to date with public administrations. However, together with the operation we can manage the settlement of the debt without any added cost.

As in the promissory note discount, the costs will depend on the entity paying the invoice, the expiration period and the operation to be followed. It is always recommended that you send us an invoice as a sample and we will guide you throughout the contracting process.

At Workcapital we are aware of the need to have liquidity as soon as possible, therefore, after signing the contract and once the appropriate verifications have been carried out, we pay the money instantly.