Our innovative solutions enable our clients to extend days payable outstanding while capture early payment discounts offered by suppliers
Working Capital Management is a key element to improve efficiency of internal financing activities for many large corporations. The ongoing digitalization of financial processes within corporates enables cost efficient implementation of alternative financing sources like “Approved Payables Financing“.
At the same time, corporates demand a diversified portfolio of financing partners and want to reduce their dependency from a single bank. The CRX Multi-Investor model opens a new market for banks and institutional investors to easily invest in approved short term trade receivables, as a cash or CP alternative and attractive asset class.
Banks can participate in the Multi-Bank as well as in the Multi-Investor solutions, whereas non-Bank investors can only participate in the Multi-Investor solution. The legal documentation of the CRX SCF Solutions is designed such that the only relevant risk taken by banks and investors is the default risk of the corporate obligor (“Buyer”).
Furthermore, in both solutions a complex technical integration with the Bank’s or Investor’s infrastructure is not necessary. It is rather supported by market-standard payment and settlement processes. The transfer of the receivables from Suppliers to the financing parties is intended to be true sale transactions where possible.
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