Improve the relationship with your suppliers
Your suppliers will be able to collect invoices on the agreed due date or in advance.
Reduce your administrative workload and simplify payments to your domestic and foreign suppliers.
You remain in control
You can control the status of your remittances at all times on the Unicaja Banco Digital Banking Service.
It is a financial service offered by Unicaja Banco to companies so they can manage and speed up payments to their suppliers without using up their risk limits. Under this service, Unicaja Banco will take charge of making payments to suppliers on behalf of the customer company in accordance with the invoices issued by said suppliers. Suppliers are additionally given the option of collecting in advance the invoices issued in their favour without using up their risk limits and without any approvals or procedures that lengthen the process.
We explain it in greater detail in the following example:
A bespoke furniture design company subscribes the Unicaja Banco Confirming service. It purchases solid oak wood boards from three different suppliers in September, two of which are domestic suppliers (A and B) and one is a foreign supplier (C), agreeing to pay the invoices in 90 days. Supplier A prefers not to wait and gets paid in advance through the Unicaja Banco Confirming Supplier portal in exchange for interest. Suppliers B and C prefer to wait for the due date. Once the 90 days have elapsed, the furniture design company prefers to defer payment. However, since it has subscribed this service, Unicaja Banco makes the payment to the suppliers in due time and proper form.
The Unicaja Banco Confirming Service is aimed at the institution's customer companies wishing to improve their administrative management and provide liquidity to their suppliers without using up risk limits (it will not appear in its CIRBE, or Bank of Spain Risk Information Centre, record). The supplier—regardless of whether or not it is a Unicaja Banco customer—can manage its requests in an autonomous fashion on the Unicaja Banco Confirming Supplier Portal.
Granting of the Unicaja Banco Confirming Service is subject to institution's criteria.
Both are financial instruments used to administer payments and business transactions. Although they have some similarities, they also have significant differences:
Of course you can. In addition, you can do so in the most commonly used currencies.
Make sure you create payment orders at least five business days in advance.
If you are a supplier, you must register for the new Unicaja Banco Supplier Portal in order to request payments in advance.