Confirming is a Supply Chain Finance solution that allows a company to delegate the payment of its suppliers to a financial intermediary (a factor or bank). This tool simplifies the management of trade payables, improves cash flow, and strengthens relationships with suppliers.
With Confirming, companies can secure more favorable payment terms, while suppliers benefit from greater certainty on payment timelines. They also have the option to receive early payment, reducing the risk of insolvency.
Difference Between Confirming and Factoring
Confirming is a service initiated by the debtor company to optimize supplier payments, offering them the possibility to receive early payment through a financial intermediary. On the other hand, Factoring is requested by suppliers who need immediate liquidity by selling their receivables to a factor. This distinction makes Confirming a strategic tool for companies looking to manage their supply chain more efficiently and enhance the financial stability of their business ecosystem.
Find out how PlusAdvance helps you manage your confirming programs
Confirming multi-funder
WHEN YOU WANT TO SUPPORT THE SUPPLY CHAIN AND HAVE THE OPPORTUNITY TO DEFER
One or more financial institutions provide a ceiling to advance collections to suppliers who request it and, if necessary, to defer your payment times.
