"Reverse Factoring" allows a company to manage all of its payments to suppliers by sending its approved invoice payment orders to BBVA, which in turn offers these suppliers to discount them in order to advance their collection.
BBVA leads more than 3,400 Reverse Factoring programs in more than 20 currencies, mainly in Europe and Latin America.
To do this, BBVA offers purchasers 3 different electronic channels for sending payment files: BBVA net cash, Host-to-Host and SWIFT. In addition, the bank is able to accept any type of file format sent by the buyer.
Benefits for suppliers