Younium's Partnership with FINQR for Effortless Payments

What does FINQR do?

Why the Partnership?

How Does it Work?

Benefits for Younium Customers

At Younium, we are constantly striving to improve our platform to better serve the needs of our customers. In response to the growing importance of timely payments and debt management in today's economic climate, we are want to announce our partnership with FINQR, a leading collections partner.

What does FINQR do?

Finqr specializes in providing seamless reminder and collections services. Their platform is designed to streamline the handling of overdue invoices, making it an ideal solution for companies across various markets.

Why the Partnership?

Recognizing the significance of addressing reminders, fees, and debt interest on invoices, we understand that this functionality is not currently part of the Younium subscription. However, our commitment to supporting our customers' needs has led us to partner with FINQR, allowing us to offer enhanced capabilities without additional costs.

How Does it Work?

FINQR has integrated with Younium through our API, enabling them to retrieve all overdue invoices from a Legal Entity in Younium. To take advantage of this collaboration, Younium customers simply need to reach out to FINQR, sign their collections contract, and FINQR will begin fetching overdue invoices after a configurable amount of days.

Once the invoices are in the FINQR platform, customers have the flexibility to select which invoices to proceed with. FINQR then takes over, sending debt collection claims on behalf of the customer. In return, FINQR retains the collections fee, adding it to the claim, and transfers the invoice amount directly to the customer's bank account. FINQR can also assist with further proceedings, including sending the invoice to the Enforcement Authority.

Benefits for Younium Customers:

1. Improved Cash Flow: Shortened payment times contribute to improved cash flow for your business.
   
   
2. Efficient Collections: FINQR's specialized platform ensures effective and professional debt collection processes to maintain good customer relations.
   
   
3. Cost-Free Service: Our partnership with FINQR allows us to offer these collections services to our customers at no additional cost for the Younium platform.

Conclusion:

At Younium, our commitment is not just to offer a top-notch subscription service but to continuously enhance our offerings through strategic partnerships like the one with FINQR. Together, we aim to empower our customers, improve payment processes, and strengthen relationships with their clients. Stay tuned for more updates and opportunities to make the most of our collaboration with FINQR.