Selling trade receivables

As fast, safe, and easy as never before.

Upload

ERP Import

Excel Upload

Manual Upload

Choose between 3 upload options.

TrustBills enables Integration of ERP-Systems such as SAP™. Another option for large batches of receivables is Excel-template-based input. Additionally it is possible to use Form-based input of receivables data for individual invoices.

and

Select Assignment Details

Undisclosed

Debtors not notified. Proxy payments only.

or

Disclosed

Debtors notified. Proxy payments or direct payments.

Continue without verification from the debtor

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

AI Assisted Receivable Verification Process

After submission trade receivables are checked via an AI assisted system. If everything is fine, it is accepted. However if the AI detects an error, it is rejected. A manual check comes into play if the AI results are unclear. The AI learns from experience.

Set Auction Parameters

Start price

Auction duration

Start date

Start the auction

Auction Price

The highest bidder pays the auction price which is the second highest bid plus the minimum increment.

Automatic Payment

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

Assignment contract

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

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

or

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.

TrustBills provides traders with several post trade functions that help them keep track of their trading activities

Receivables purchases and accounting information with csv-downloads

Risk management

Report generator about purchases history and profit and loss analyses

Position overview

What happens if the debtor does not pay?

Undisclosed Assignment

Due Date

1st reminder
to seller (copy to buyer) via email

2nd reminder
to seller (copy to buyer) via email

3rd reminder
to seller and buyer via physical mail

Notice of non-payment
to seller and buyer

Disclosed Assignment

Due Date

1st reminder
to seller (copy to buyer) via email

2nd reminder
to seller and debtor (copy to buyer) via email

3rd reminder
to seller and debtor via physical mail

Notice of non-payment
to seller and buyer

Undisclosed Assignment

The seller receives two reminder emails. The buyer receives a copy of each email. The third reminder is sent via physical mail to the seller and the buyer. The final reminder is a notice of non-payment of the receivable that is sent to the seller and the buyer via physical mail.

Disclosed Assignment

The seller receives two reminder emails of which the second is also sent to the debtor. The buyer receives a copy of each via email. 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.

TrustBills Care

Our Care-Team will be happy to help you with questions relating to TrustBills:

Give us a call
+49 (0)40 257 660 650

Or send us a message:
care@trustbills.com

This website uses cookies to ensure you get the best experience on our website. Cookie Policy