Introduction
Efficient invoice management is key to smooth business operations. This guide provides easy steps to request Invoice Financing.
Applying for invoice financing involves two major parts – the Vendor Portal and the Buyer’s end. This article covers the Vendor end. For information on the Buyer’s end, click here.
Requesting Invoice Financing requires 2 Key steps:
Tip: Your Buyer ought to have enabled Invoice Financing on their dashboard. Click here to learn how that is done.
1. Complete your KYB.
To begin
Log in to your dashboard as a vendor.
Click on Get Started on the banner that shows on your home page. As shown below:
ORClick on Settings, select Compliance, and click on Get Started.
Read the instructions, download the documents, populate and upload them.
Once it has been reviewed internally and your account has been activated you can now proceed to the next step.
Skip the first step if your account is already activated.
2. Make your request
To begin
- Send an invoice to your buyer.
- Once your buyer is done reviewing it, approve it and convert it to a bill.
- Request for invoice financing by doing the following:
Click on Invoice Management.
Select invoices.
Select the particular invoice you need financing for.
Click on Request Invoice Financing. As shown below:
Awesome! You’ve successfully requested Invoice Financing. Our team will review it and get back to you in the next 48 hours.
Frequently Asked Questions
- Do I need to complete my KYB to use the vendor portal?
- No, you do not.
- However, to use our Invoice Financing feature you would need to complete your KYB.
- I can't see where to request financing on the invoice
- There are two likely reasons why you won't see it and they are:
- Your account has not been activated or it is pending activation. Read step 1 to complete your KYB.
- The invoice sent to the merchant has not been converted to a bill, you might want to send a reminder to your buyer.
- There are two likely reasons why you won't see it and they are: