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Cashflow is vital to any business. Normal factoring ties companies to a financing contract for all sales invoices. Factoring contracts also last for at least a year. KBC On-Demand Financing is far more flexible. For instance, businesses can choose which sales invoices they want immediate payment for. KBC will then pay those invoices within 24 hours. The invoice recipients will pay KBC within the agreed payment terms afterwards.
Most credit is based on the financial health of the borrower. However, KBC On-Demand Financing is based on the performance of the invoice recipient and the transaction in question. In other words, it helps companies to manage their short-term cashflow without the stress of a normal loan.
Software firms can use an easy API to integrate KBC On-Demand Financing into their packages. Firstly, KBC will assess the client’s sales invoices and show which invoices qualify for financing. The client can then use the software to ask for financing where necessary. With this in mind, the client can focus on its core business without the distraction of any cashflow problems.
The KBC website also offers further details on KBC On-Demand Financing.
KBC is a strong, reliable brand with an excellent reputation. Consequently, it has received a string of awards for its products and services. Merchant partners get a dedicated account manager, who monitors the partnership and keeps optimising the operations. Clients also get extensive support from KBC Live from Monday to Friday from 8 a.m. to 10 p.m. and on Saturdays from 9 a.m. to 5 p.m.
ERP and invoicing software firms can offer the API to all B2B and B2G businesses.
First of all, the software firm can indicate into which screens the API should be integrated. The client then starts the integration and consents to the exchange of the billing data.
In order to see the details of this integration, make sure you are logged in first and then click on the 'Details of integration' link in the box below.
The client’s invoicing data is sent to KBC.
KBC then returns those invoices eligible for On-Demand Financing. At the same time, it indicates the applicable charges. Every time the status of an invoice changes, KBC automatically sends an update.
Subsequently, the client can request KBC On-Demand Financing for the eligible invoices in a digital sales process with the Itsme App.
The selected partner signs a Partnership Agreement. This agreement describes the partnership's scope and operating model. Our FAQ section offers further details on the Partnership Agreement.
Start the sales process of the business account and provide the actual account information to external parties.
To see all the relevant APIs, make sure you are logged in first.