Question 1

Why is invoice financing through Finyoz so favorable?

Accepted Answer

Our financing process is highly efficient and automated, which enables us to keep costs extremely low. Our total fee is lower than the discounts, bonuses and rebates offered by many suppliers. This means you can actually make a profit by financing your invoices through Finyoz.

Question 2

What documents are required to register my company ?

Accepted Answer

Registration is quick and easy and can be completed on the same day. We only require company documents (balance sheets, turnover statements, etc.) from you in exceptional cases. We work in partnership with databases and credit reference agencies and obtain your company details directly from them.

Thanks to our automated registration process, you can focus on your core business and start financing your invoices straight away.

1. Register for free

2. Verify your identity online in just a few minutes

3. Create debtor records and start invoice financing!

Question 3

What businesses is invoice financing available for?

Accepted Answer

Our automated process enables small and medium-sized enterprises as well as large corporations across a wide range of industries to finance their invoices cost-effectively and efficiently on an equal footing.

You can arrange for us to finance all your outgoing invoices, or just those you select. As a company, you remain the point of contact for your customers and decide for yourself which of your debtors you wish to use our service for.

Question 4

Which invoices and terms can be financed?

Accepted Answer

Your trade receivables must be free of any objections, and the goods and services on which the receivables are based must have been supplied in full.

There is no minimum annual turnover requirement. The duration of your invoicing cycle can range from 14 to 90 days.

This allows you to grant your debtors longer payment terms, improve your business relationships and stand out from your competitors.

Question 5

What are the costs for me as a company?

Accepted Answer

The exact amount of your financing fee is determined by our risk management system in real-time and shown to you for acceptance when you enter the to-be-financed invoice details. With Finyoz, you finance your invoices at unrivaled rates:

No monthly or annual fixed fees

No commitment fee

No debtor verification fee

No credit check fees

No monthly minimum purchase

No contractual commitment period

There are no charges involved for your client/debtor.

Question 6

How are invoices transferred to Finyoz?

Accepted Answer

You can conveniently upload your invoices online directly via your browser on Finyoz.

When you register, you will be given your own access to a clear and organised dashboard. There, you can communicate with your debtors and monitor the status of your invoices. You can see at a glance which invoices have been financed, which are awaiting financing or confirmation from the debtor, and when you can expect payment.

We offer API interfaces for SAP ERP and Datev for transferring your invoices. (If you prefer other API interfaces, we’ll be happy to set these up for you.)

Questions and Answers