Factoring has long been a matter of course for medium-sized and large enterprises. Due to long payment periods (average of 40 days), companies often like to factor their invoices quickly in order to maintain liquidity for running costs. However, with classic factoring, all invoices and numerous other documents (e.g. business assessments) usually have to be submitted. The hurdles for solo self-employed individuals and small businesses are thus correspondingly high – this is where decimo comes in. The customer uploads their invoice to decimo’s website, receives the money within 24 hours and also enjoys secure payment protection. Customers reap the benefits of a simple and fast process without unnecessary paperwork.
Key benefit: You don’t have to enter into a long contractual relationship with decimo. In fact, the customer decides which invoices they submit to decimo.