Assignment of Receivables provides customers with an opportunity to pay equal and fixed periodic payments for services, software licenses and/or hardware even though costs may be more heavily weighted during the delivery and “go-live” period of the supply contract.

Vendors also find this facility of particular interest as it allows them to negotiate extended payment terms directly with customers and still recognise revenue on day one. The receivables stream is assigned by the vendor to GC who confirm a net present value, which enables an invoice for the agreed capital sum to be raised. A finance addendum comprising relevant terms and conditions is simply added to the vendor’s standard supply agreement, which is then executed in the normal way.

If you would like further information, please send an e-mail or call us directly on 020 8255 5505.