Invoice compliance service is designed to support factoring companies by
helping them to scrutinise invoices, including looking into the commitment
and ability of a customer to pay.
Invoice compliance is a simple and cost effective way for a factoring company
to investigate the business transactions and invoices presented by clients or
prospective clients.
The circumstances in which, as a factor, you may wish to verify invoices
include:
Examination of invoice integrity prior to offering credit to a supplier
An on-going invoice audit programme to check invoices raised by clients
A review of the receivables portfolio to assess a client’s credit management
process
Invoice Checking provides valuable information on the status of an invoice
and signals a warning when receivables are disputed or goods are
undelivered.
Mitigating trading risks
As part of the global network at continental Collectorss, our Invoice
compliance service applies to transactions and invoices in 70% of the world.
The use of Invoice compliance will support you in:
Invoice fraud prevention
Increasing the capability to finance or take risk on client portfolio
Enhancing the risk mitigation process and minimising operational losses
Security in financing international trade