Ingenico Group has 1,500 customers across more than 150 countries, with revenue of €1.4bn in 2023. Its factoring programme manages €150m in outstanding receivables across 6 assigning entities worldwide, with a delegated trade credit insurance policy.
Challenges:
• Accounting reconciliation issues, with difficulties in detecting discrepancies between assignments, analysing them and applying corrections
• The 7 assignments across 6 entities are overly time-consuming
With ARI Trade:
• 4 weeks to implement the software and connect via API with the insurer
• 1 single submission for 7 assignments
• +8% of customers factored in 3 clicks
• Cash discrepancies reduced to zero
• 4 working days saved per month
• 2 days gained in financing cycles
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