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Supplier financing program - Bank Millennium
About supplier financing program
Do your suppliers want to get paid as soon as possible? Do you want to meet their expectations, have better trading conditions and keep your financial liquidity?
We'll pay your suppliers on the payment date at the latest. We'll let them turn selected invoices to cash before due date. At their expense, but without the credit process and collateral. You will get extended payment terms.
- Improve liquidity and increase the profitability of your business
- Improve your debt ratio by reducing the use of working capital loans
- Take care of the loyalty of your suppliers. Offer them financing on more favorable terms negotiated by you. No security and no examining their financial condition
Pytania i odpowiedzi
The rules for accepting suppliers are agreed in the contract. You decide which suppliers to report. We can include foreign suppliers from all over the world.
They sign an agreement with us regulating the purchase of receivables by us, cost of the discount and rules of access to the platform. They can also give you a written consent for the debt to be repaid by the bank before payment date. We help you talk to suppliers about joining the program.
You and your suppliers get access to our online debt management platform. When you send us an invoice statement, your supplier will receive an e-mail confirming they can provide invoices for early conversion to cash. If they don't, we'll pay the invoice on time.
You can pay the invoice on due date without any extra costs. Or, you can extend the deadline at your own expense and gain extra liquidity.