Alza Invoice Financing
Shortening the maturity of invoices for Alza.cz suppliers in cooperation with Roger
Alza Invoice Financing
Shortening the maturity of invoices for suppliers of Alza.cz in cooperation with Roger
Flexible cash flow improvements
Fee of max. 0.7% per month
Everything takes place online via EDI
What is Alza Invoice Financing?
Alza Invoice Financing (AIF) is a fast way to shorten invoices within our business relationship using a simple and user-friendly interface. We launched the service in response to demand from our suppliers, to improve operating cash flow and pre-finance receivables from Alza.cz.
What is the purpose of the service?
The main task of Roger Invoice Financing is to finance trade flows between the customer and the supplier in order to optimise their working capital. Operation is simple, using a user-friendly web interface.
Who runs the AIF?
We have prepared the service for you in cooperation with the Roger Payment Institution, which helps companies optimise working capital by financing invoices with long maturity dates. Thanks to Alza’s implementation of electronic data interchange (EDI), the invoices are uploaded automatically to the platform. Roger as a licensed institution by Czech National Bank operates the AIF through its wholly owned subsidiary Invoice Financing.
How does AIF funding work?
1. Sending an invoice
You will issue an invoice for the delivered goods in EDI format
2. Invoice confirmation
Confirmed invoices are uploaded onto the Alza Invoice Financing interface
3. Maturity shortening
Within 3 days you will be paid 75% of the invoice value
You will receive the remaining 25% by the due date
1. First login
You enter only your company ID number and e-mail; other information will be automatically verified from the database and you will immediately receive the password for the first login.
Roger is obliged by law to verify the identity of the acting person of your company before the first financing. The Roger sales department will contact you by phone.
3. Maturity shortening
You have 75% of the value of the pre-financing invoice in your account within 3 days. Roger will send you the remaining 25% as soon as Alza.cz pays its obligation.
Do you want to know more?
and shorten maturity of your invoices to 3 days …
Frequently Asked Questions
Alza Invoice Financing („AIF“) is a new and quick method of negotiating a discount in a business relationship between you and the company Alza.cz a.s. thanks to simple and user-friendly interface. AIF serves to your occasional or regular need to enhance operational cash flow.
Service AIF will shorten due dates of invoices exactly as you need. As soon as you register into the interface of AIF, you can start choosing invoices to finance and your money will arrive within 3 days. You can now do your business peacefully thanks to flexible and effective method of operational financing.
AIF is destined to suppliers of Alza.cz who are interested in shortening the due dates of invoices.
Typical users of AIF are:
- Small and middle-sized companies which cannot develop their business quickly enough due to long due dates of invoices and insufficiency of operational capital.
- Companies which operate in business which is influenced by seasonal fluctuations and long-term financing is not profitable for them.
- Companies which have complicated access to bank financing due to short financial history.
The price is set as an interest rate of 8.4 % p.a. from the financed value of a claim. For example, shortening the due date of invoice by 30 days will cost you 0.7 % of the claim’s financed value. With high billing volumes, the price may be lower. You can find the exact price, that we call discount, directly in the Alza Invoice Financing interface.
To register into the interface of AIF you have to enter Identification No. (IČO) of your company, choose a login email and have a mobile phone nearby to receive the confirmation code.
Contrary to bank factoring, you don’t have to guarantee a minimal volume of invoicing. The service can be used regularly or to cover seasonal fluctuations or to finance just one invoice. Everything depends on you. The entire communication is electronic so you can avoid unnecessary paperwork.
Returns of goods or set-offs can occur during the relationship between a buyer and a supplier. Buyers then pay their debts with respect of the value of these set-offs. Therefore, we use the reserve in the amount of 25 % of the invoice's value.
The shortening of due dates is only possible for invoices sent through EDI and confirmed by Alza.cz through positive COMDIS.
Such invoices are displayed in the summary of invoices in the interface of AIF and you can choose these where you want to shorten the due date and release the working capital.
If you don’t see the invoices in the interface, it is caused by the fact that they were not yet confirmed by positive COMDIS or they were rejected for some reason.
A delay can occur between the sending of the invoice and its confirmation. In such case, the invoice is being processed by Alza.cz and it is necessary to wait for the confirmation of the invoice. If the waiting time for positive COMDIS is longer than usual then, please, contact the Alza.cz department of administrative support for the receiving of goods. Please do not contact the department Finance – Accounting.
The state of the invoices can be tracked directly in the interface for EDI.
Due date can be shortened at the moment of issuing the invoice or anytime later. Minimal period for shortening the due date is 14 days.
The financing can be tailored up to your needs. The usage of AIF is not conditioned by any limits, monthly fees or hidden charges.
You can finance invoices in the value of hundreds of czech crowns but also invoices in the value of millions of czech crowns. Currency billing is not important, we are able to finance even euros without limits.
Sample case of accounting a claim financed through AIF can be found below or you can download it on this link. In case of doubt, do not hesitate to contact us on firstname.lastname@example.org or phone.: +420 702 021 683. Alza Invoice Financing – Assumptions of sample case:
- Nominal value of the claim = 100.000 CZK
- Financed sum 75 % = 75.000 CZK
- Balance payment of 25 % after Alza’s payment = 25.000 CZK
- Number of days from the day of financing to the due date on the invoice = 60 days
- Discount equal to the number of days above = 1,4 % of the financed value (8.4/360*60)
|Issuing of invoice for the customer||311/602||Invoice||100 000 CZK|
|Profit from the assignment (sale) of the claim||315/646||Assignment of claim agreement||98 950 CZK|
|Write-off of the claim – tax deductible, § 24 par. 2 s)||546/311||Assignment of claim agreement||98 950 CZK|
|Write-off of the claim in the amount of discount – tax deductible, § 24 par. 2 s)||546/311||1 050 CZK|
|5. Payment for the assigned claim – within 3 days||221/315||Bank statement||73 950 CZK|
|Balance payment of the rest of the claim after Alza’s payment||221/315||Bank statement||25 000 CZK|
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Ethical code of the Company is available here.
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