Invoice Financing
Shortening the maturity of invoices for suppliers of O2 Czech Republic in cooperation with Roger
- Flexible cash flow improvements
- Predetermined discount
- Everything takes place online
Flexible cash flow improvements
Predetermined discount
Everything takes place online
What is Invoice Financing?
Invoice Financing for suppliers to O2 Czech Republic is a fast tool for shortening invoices, operated using a simple and user-friendly interface. As the largest operator on the Czech market, we are constantly working to improve services and introduce new technologies. In the area of customer-supplier relations, the growing trend is to optimize operational finances through supply chain financing.
What is the purpose of the service?
The main task of Invoice Financing for O2 Czech Republic suppliers 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 Invoice Financing?
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. Invoice Financing reduces the maturity of invoices completely automatically, thanks to the connection to the SAP system. Roger as a licensed institution by Czech National Bank operates the IF through its wholly owned subsidiary Invoice Financing s.r.o.
How does IF funding work?
1. Sending an invoice
You will issue an invoice for the delivered goods
2. Invoice confirmation
Confirmed invoices are uploaded onto the Invoice Financing interface
3. Maturity shortening
Within 3 business days you will be paid 100 % of the invoice value
Benefits
Registration process
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.
2. Authentication
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 100 % of the value of the pre-financing invoice in your account within 3 business days.
Do you want to know more?
Ondřej Machač
Key Account Manager
t: +420 776 134 846
m: invoicefinancing@roger.cz
I will gladly answer all your questions related to the shortening invoices due dates. In Roger, I take care of Invoice Financing clients.
- Flexible cash flow improvements
- Predetermined discount
- Everything takes place online
and shorten maturity of your invoices to 3 business days …
Frequently Asked Questions
Invoice Financing for O2 Czech Republic suppliers („IF“) is a new and quick method of negotiating a discount in a business relationship between you and the company O2 Czech Republic thanks to simple and user-friendly interface. IF serves to your occasional or regular need to enhance operational cash flow.
Service IF will shorten due dates of invoices exactly as you need. As soon as you register into the interface of IF, you can start choosing invoices to finance and your money will arrive within 3 business days. You can now do your business peacefully thanks to flexible and effective method of operational financing.
IF is intended to suppliers of O2 Czech Republic who are interested in shortening the due dates of invoices.
Typical users of IF 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.
You always know the final financing price directly from the interface before the financing itself. We call the price a discount and it is always calculated from the financed amount.
The registration into the interface of IF is free and it is accessible on this webpage. The process of registration is very quick and simple. The registration takes just few minutes.
To register into the interface of IF you have to enter Identification No. (company ID) 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.
The shortening of due dates is only possible for invoices which were sent by standard route to O2 Czech Republic and were confirmed at the same time.
Such invoices are displayed in the summary of invoices in the interface of IF 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 O2 Czech republic 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 O2 Czech republic and it is necessary to wait for the confirmation of the invoice. If the waiting time is longer than usual then, please, contact us via invoicefinancing@roger.cz.
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 IF 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 IF can be found below or you can download it on this link. In case of doubt, do not hesitate to contact us on invoicefinancing@roger.cz.
Invoice Financing – Assumptions of sample case:
- Nominal value of the claim = 100.000 CZK
- Financed sum 100 % = 100.000 CZK
- Number of days from the day of financing to the due date on the invoice = 60 days
- Discount = 2.99% p.a. + 3.94% p.a. (2M PRIBOR up to 3.1.2022) = 6.93% p.a. of the funded amount
| Transaction | Account | Document | Sum |
| 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 | 98 845 CZK |
| Write-off of the claim – tax deductible, § 24 par. 2 s) | 546/311 | Assignment of claim agreement | 98 845 CZK |
| Write-off of the claim in the amount of discount – tax deductible, § 24 par. 2 s) | 546/311 | 1 155 CZK | |
| 5. Payment for the assigned claim – within 3 days | 221/315 | Bank statement | 98 845 CZK |
You can read information about the processing of personal data here.