Selling trade receivables

As fast, safe and easy as never before.

1

Posting



Qualifications

Sellers guarantee existence of receivables by uploading.

Three Upload Options

ERP Import

ERP Import


Integration of ERP-Systems such as SAP™
Excel Upload

Excel Upload


Excel-template-based input for batches of trade receivables
Manual Upload

Manual Upload


Form-based input of receivables data for individual invoices
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Assignment type selection

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Undisclosed

Undisclosed

In undisclosed assignments debtors will not be notified. Undisclosed assignments work with proxy payments only.

Disclosed

Disclosed

In disclosed assignments debtors will be notified. Sellers of trade receivables can opt for, either proxy payments, or direct payments.

2

Verification



Continue without verification from the debtor

Invite the debtor to verify existence of receivables (if debtor is registered on TrustBills)

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AI Assisted Receivable Verification Process

After submission trade receivables are checked via an AI assisted system.

AI at TrustBills

Dr. Hendrik Annuth explains how TrustBills uses AI in various areas

AI in science

Inga Nielsen speaks about AI methods from Astrophysics and Cosmology that are used on TrustBills

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Acceptance or rejection of trade receivables

3

Auction Parameters



Minimum Price

Set

Start Price

Aucton Duration

Set

Auction Duration

Start Date

Set

Start Date

4

Auction



Auction

Auction Price

The Auction price that the winner of the auction pays is the second highest bid plus the minimum increment.

5

Payment Assignment



Automatic payment

After the trade receivable is sold, the auction price gets transfered from the buyer's main account to the seller's main account automatically.
Assignment
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Assignment

Assignment Contract

The seller and the buyer of the account receivable automatically receive a digital assignment contract.

6

Payment on Due Date



The buyer will receive the entire amount paid by the debtor immediately after payment.

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Proxy Payment

Proxy Payment


TrustBills automatically detects when the debtor pays the notional amount of the specific trade receivable to the supplier’s bank account and initializes the transfer of that amount to the buyer's main account.
Direct Payment

Direct Payment


The debtor is notified about the assignment and requested to directly remit the proceeds of the sold trade receivable to the buyer's main account.

7

Reminder



What happens in case the debtor does not pay?

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Undisclosed Assignment


Undisclosed Assignment
In case of an undisclosed assignment the seller receives two reminder emails. The third reminder is sent via physical mail to the seller and the buyer.

Disclosed Assignment


Disclosed Assignment
In case of a disclosed assignment the seller receives two reminder emails of which the second is also sent to the buyer. The third reminder is sent via physical mail to the seller and the debtor.
The final reminder is a notice of non-payment of the receivable that is sent to the seller and the buyer via physical mail.

8

Post Trade Function



Transaction

Receivables sales and accounting information with csv-downloads

Report

Report generator about sales history and profit and loss analyses

Risk

Risk management

Position

Position overview