Aquinox

Outsourcing Payments

One of the vital matter to discuss is a company’s SOP (Standard operation procedure) with respect to release of payment to the vendors and contractors. In majority case studies all the companies opt to release vendor payments couple of days after the product delivery. This anomaly often leads to funding controversy for vendor. Aquinox comes with a simple solution of Outsourcing the payments to your vendors at earliest. This quick fix can act as an influential strategy to work with lightning speed for both client as well as the vendor. We eliminate your payment hurdles letting you focus on company’s core motive.

Cost Reduction

Switching even part of your checks over to an electronic payment system saves money..

Increased Security

You might think that outsourcing payment processing puts your finances at risk. But that’s not the case if you choose a trusted business process outsourcing firm. In fact, it can actually increase security.

Lessened Fraud Risk

Outsourcing payment processing actually improves your internal controls. Using a trusted third party provider keeps important financial tasks separated and therefore help reduce or eliminate fraud.

Improve Vendor Relations

Streamlining your payment system means faster and more accurate payment processing. Since everyone’s happier when they get paid on time and without any hassle, that improves relationships with vendors.

Flexible Payment Solutions

Along with all the other benefits of third-party payment processing, Aquinox offers a highly configurable system. We’ll be able to work with all your different vendors’ needs. And you can monitor the status of your payments in real time.

1. What is Invoice Discounting ?

Invoice discounting is the practice of using company's unpaid invoices to raise working capital & fulfil its financial needs.

2. How does it work?

Aquinox provides a marketplace/platform for business owners to sell and investors to purchase invoices raised on blue chip companies. It combines the best in class technology experience with credit underwriting & data analytics capabilities to create a brand new investment asset class. Business-owners looking for advance on their invoices, raised on blue chip/creditworthy institutions, can use our platform to sell these unpaid invoices at attractive rates.

3. What is the eligibility criteria for businesses?

Any business that supplies goods/services to large blue-chip companies can avail the bill discounting services provided by Aquinox. Eligibility and amount of discounting is governed by the creditworthiness of the business and therefore they should be willing to share their financial information and other related documents.

4. Does Aquinox have an upper sanction limit?

We have no upper limit for sanctioned amounts for your invoices and it is solely dependent on the business’s requirements. The upper limit depends on the business requirement and the eligibility as per Aquinox’s criteria.

5. Will availing Invoice Discounting affect the balance sheet?

Invoice discounting with Aquinox is an off-the-book financial solution. That’s because it is availed by leveraging the unsettled invoices. Hence, it does not have any effect on the balance sheet.

6. Is Invoice Discounting a funded credit product?

The financing option works like a revolving funding facility. The discounting service provider forwards funds against unpaid invoices based on their worth.

7. How long does it take to avail funds through Invoice Discounting?

The time to avail funds through invoice discounting depends on your financier. With Aquinox, you can avail funds within 24-72 hours.

8. How can Invoice Discounting benefit my business?

Through invoice discounting, you can avail credits up to a certain percentage of your unpaid invoice’s total value, allowing you to ensure a steady inflow of capital to your business at all times..