Launching spot factoring in Visma eAccounting
Aprila Bank is pleased to announce the launch of Aprila Spot Factoring embedded in the market leading online accounting system Visma eAccounting.
The spot factoring product was made available to Visma eAccounting users on Wednesday this week. The launch represents a significant strengthening of Aprila’s exposure to Norwegian SMBs and increases the number of SMBs we reach with our embedded financing solutions from 55,000 to 95,000.
The process of becoming a customer is quick, easy and seamlessly integrated in Visma eAccounting. On-boarded customers have no obligations to sell invoices and are only charged a fee on the invoices they sell. The fee is presented on each invoice that Aprila offers to purchase, and funds are settled the next business day at the latest.
“We are very excited about the launch in Visma eAccounting as we believe that the 40,000 SMBs using the system are very much in our target group of smaller SMBs who currently lack access to financing. These SMBs are under-served and do not get the attention they deserve from incumbent banks, but they are a perfect fit for our digital and automated working capital offering.
Embedding spot factoring from Aprila in the existing invoicing process in Visma eAccounting significantly reduces both on-boarding and transaction costs, and provides us with the opportunity to offer financing even to the smallest SMBs” says Halvor Lande, CEO of Aprila Bank.
“Aprila represents a new way of re-bundling services that are relevant to our users, and we have high expectations from this cooperation. We are making it easier than ever to get access to financing for SMBs, and we hope to add value and improve the workday for our customers.
Having financing immediately available and automatically generated inside our online accounting system where the SMBs have an overview of their financial needs makes perfect sense.
In this way we will further enable our small and medium sized businesses to take control of their financial situation” says Ole M Hasven, Managing Director Visma eAccounting AS.
For more information, please contact:
Halvor S Lande, CEO Aprila Bank ASA
+47 92 43 23 05
Ole M Hasven, Managing Director Visma eAccounting AS
+47 92 43 24 40