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Digital Guarantees

Digital Guarantees

Your customized and innovative payment protection

To reduce payment risks, suppliers often secure their receivables with credit insurance. This can be expensive or may only be available to a limited extent.

With Digital Guarantees, Traxpay provides the opportunity to offer suppliers a customized, secure and cost-effective alternative. This allows suppliers to determine the timing, term and amount of payment protection themselves, according to their actual needs. In doing so, they can benefit from the good creditworthiness of the buyer, who actively manages the hedging of the payment risk in line with their needs.

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Portrait Claus-Mário Büschelberger | Traxpay
  • Claus-Mário Büschelberger
  • Senior Director – Corporate Clients EMEA
  • +49 695 977 215 39
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What are Digital Guarantees?

With the Supply Chain Finance tools Dynamic Discounting and Reverse Factoring, buyers can extend payment terms and at the same time provide their suppliers with sufficient liquidity. This gives both buyers and suppliers financial leeway and strengthens the business relationship in the long term.

At the same time, suppliers want to reduce payment risks and therefore often secure receivables with credit insurance. Credit insurance is often costly or only available to a limited extent – but this is now a thing of the past:
with Digital Guarantees, Traxpay offers companies customized and innovative payment protection at attractive conditions!

Suppliers determine the time and amount of the payment guarantee themselves based on their actual needs, which is usually provided by the buyer’s house bank within a few days. The best thing about this is that suppliers benefit from the customer’s good credit rating. The latter, together with its house bank(s), actively secures the payment risk for the supplier as required. Particularly advantageous is the fact that the application or issuance of the guarantee does not depend on the acceleration or sale of invoices. Suppliers participating in a buyer-initiated SCF program receive the assurance that if the supply contract is properly fulfilled, the invoice will be paid in any case, whether they choose to use the early payment option or wait until the invoice is paid when due.

Advantages of Digital Guarantees for buyers

  • Strengthening of the supplier relationship
  • Payment protection tailored to your needs based on own creditworthiness
  • Extension of the advantages of dynamic discounting/reverse factoring
  • Alternative to credit insurance
  • Requested guaranteed amount is paid on first demand without deductions
  • Buyers can actively reduce payment risk for suppliers
  • Cost and availability of the guarantee is determined by the buyer
  • Efficient and flexible process handling
  • Automated and digital invoicing for guarantee commission
  • Potential additional revenue through guarantee commissions
  • Extension of the “share of wallet” for banking partners

Advantages of Digital Guarantees for suppliers

  • Alternative to credit insurance (fast, cost-effective and precisely tailored to the required term and risk level)
  • Requested guaranteed amount is paid on first demand without deductions
  • Efficient, digital and automatic processes
  • Potential for (sales) growth due to advantageous payment terms while reducing the payment risk of the buyers at the same time
  • In conjunction with dynamic discounting/reverse factoring, improvement of working capital and cash conversion cycle
  • Hedging of payment risk even before invoices are issued
  • No obligation to accelerate invoices or sell receivables

Advantages of Digital Guarantees for buyers

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Advantages of Digital Guarantees for suppliers

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Read also

Reverse Factoring

Allows corporate buyers to secure longer payment terms while providing suppliers with liquidity when they need it.

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Dynamic Discounting

Earn an attractive and risk-free return by investing excess liquidity in your supply chain.

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Digital Forfaiting

Digital Forfaiting allows you to generate additional liquidity quickly and conveniently.

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