Confirming Gedesco is a service providing payment to suppliers by which Gedesco pays the invoices of your company in advance.
These invoices would have been issued for work or services that your company would have requested.
Gedesco processes the payments without altering the terms agreed between the company and the suppliers, offering the latter the possibility of getting their invoices paid in advance.
The procedure is quick and simple. The companies only have to notify their list of orders for payment that they have pending with their suppliers, Gedesco is responsible for offering each of these suppliers the possibility of anticipating the amount of the invoices.
The following outline shows how it works:
Advantages for the company
Advantages for the supplier
Gedesco Confirming can help to improve the image of your company, because when using this service you establish a commitment to pay your suppliers on time and by the terms, which generates trust that they will not have any delays in settlements. This feature is one of the most important advantages for companies who start working with any unknown customer.
These two financing tools are normally confused with each other; therefore, it is important to establish the main differences between them:
|Factoring is a collection service||Confirming is a payment service|
|It is so your company can obtain cash||It is so your suppliers can obtain cash|
|You are, as a supplier, the one who decides to anticipate the invoice||It improves your negotiation power with suppliers|
|The supplier knows his financing is guaranteed|
You may also be interested in other products from Gedesco:
In addition, you can visit us at any of our offices and we will answer all your queries about confirming.