ErsteConfirming

For many corporate clients, the issue of optimising working capital has moved to the top of the agenda. Safeguarding sufficient liquidity headroom, improving financial results and securing a stable supply chain are central concerns for customers and their suppliers.

There is, however, a "natural" conflict of interest between customers and suppliers regarding the agreement of payment terms. Suppliers seek to be paid as early as possible, while customers wish to pay as late as possible. ErsteConfirming helps to solve this conflict – to the advantage of both partners.

ErsteConfirming is an easy-to-use, fully automated payment transaction product for confirmed and as yet outstanding invoices. It provides the option of advancing these invoices prior to due date – against a corresponding discount on the invoiced amount. For clients, who want to make use of their Skonto conditions and at the same time pay at the end of the payment term, we provide the specific ErsteConfirming Skonto option. Our consultants will inform you more in detail on this version.

The process is simple and straight forward, fully atomised through the web-based platform, and easy to adapt for any specific requirement:
Suppliers may choose either to process all their invoices automatically via ErsteConfirming or just on a case-by-case basis. It is applicable for national as well as for international trade, therefore having nearly no limitations on amounts or currencies. The supplier doesn't even need an account with Erste Group, nor is a bank limit or loan agreement needed.