Coface: Taking intercompany payments and receivables management to the next level

Intercompany cash flow can be faster, safer and more efficient. Whether it is everyday invoicing and payments, debt management and receivables management can also be put on a new footing. Payee, the domestic pioneer of automated account management and receivables management, and Coface Hungary, a leading player in the international credit insurance and receivables management market, have entered into a strategic partnership.

The partnership aims to provide companies with one of the most comprehensive and optimal support services in the Order-to-Cash (O2C) service chain. In this context, the two parties, on an equal footing and complementing each other’s competencies, provide an integrated solution that covers the entire account management process – from risk management to receivables management of overdue accounts, including legal actions.

Receivables management becomes easier

Thanks to Coface’s global network and Payee’s advanced automation technology, companies can efficiently and securely outsource their financial processes while maintaining full control. Negative payment information collected by Payee is integrated into Coface’s risk analysis models and business reports, allowing clients to make even more accurate decisions and minimize risks.

“This collaboration is not just a technological integration, but the basis for a new business model in which Coface and Payee will jointly shape the receivables management practice of the future,” said Bence Badinszky, co-founder of Payee.

Valentin Póka, Country Director of Coface Hungary, added: “The collaboration opens up a new dimension in receivables management not only on a technological but also on a strategic level. Our goal is for companies to manage their finances not only more efficiently, but also smarter.”

Measurable business benefits

The Payee–Coface partnership not only creates value, but also offers tangible business benefits. Companies can apply a differentiated receivables management strategy per customer segment – ​​from payment reminders to legal proceedings – thereby maximizing their return.

The system is API-based, i.e. operates via an application programming interface, is secure and scalable, and can therefore be made available in a so-called white-label format, i.e. under the given partner’s own brand name, ensuring a uniform customer experience.