- Unique integration of on demand financing and credit insurance cover
- Optimal and secure cash flow management for SMEs
- Flexible, real-time and fully integrated solution for businesses
KBC, one of the leading financial groups in Europe, and Euler Hermes, global leader in Trade Credit Insurance, join forces to offer SMEs an innovative real-time financing solution. Through KBC’s On Demand Financing, businesses have the opportunity to get financing on an invoice-by-invoice basis straight from their billing software application – with just one push of a button.
On Demand Financing is a unique integration of real-time financing and risk assessment via API. It provides businesses with instantaneous insights on invoices that they can sell and against what cost, avoiding the usual cumbersome procedures. Thanks to a maximum flexibility, On Demand Financing allows businesses to choose which invoices to finance and offers them a tailor-made solution to get the liquidity they need when they need it.
This 100% digital solution is fully integrated in the companies’ billing software application. The customer selects which invoices to finance. KBC runs instant financing checks and delivers a price proposal based on the credit rating of the customer’s debtor and the payment conditions of the invoice. Euler Hermes provides trade credit insurance cover for KBC as a funder on a case-by-case basis via the Single Invoice Cover API suite. All this happens within a few seconds in a seamless customer journey.
KBC’s On Demand Financing, combined with Single Invoice Cover from Euler Hermes, offers SMEs a best in class solution, making optimal use of the latest technologies. It demonstrates the innovation capabilities of both companies in their respective fields of banking and trade credit insurance, aimed to provide companies with an optimal cash flow management and the confidence to grow their business safely.
Ed Goos, CEO of Euler Hermes BeLux said :
“At KBC we strive to be the reference in working capital solutions. We are therefore very pleased that we can bring our KBC On Demand Financing product to the market. Companies now get seamless and easy access to invoice financing right from their invoicing software. A realization which is the result of embracing technology and collaboration. With Euler Hermes we found a strong partner to collaborate with. Together we share the same vision on the future and are capable to launch the most powerful working capital solutions,“ added Theo Speelmans, General Manager KBC Working Capital Solutions.
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