With this solution, suppliers can decrease the volatility in their cash flow. The reduction is set to make companies less dependent on banks.
According to the company, through sharing invoice status information and optionally, earlier payment of invoices at a discount of 5% APR buyers help their suppliers becoming financially stable.
In November 2013, Flinqer reported to have reached EUR 50 million invoice value paid to suppliers by customers via its online cash management platform.
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