VVA and VM offer their customers that also use physical publishing delivery services a comprehensive package of financial services for all aspects of digital media logistics. With our help, you can save a great deal on administrative tasks and thus on costs, at the same time notably increasing your financial security and liquidity.
What we can do for you
We take over all sales and revenue data from your trading partners that are relevant for invoicing and accounts receivable management. Our financial services also include checking the creditworthiness of your customers, account management, debt collection and reminder mechanisms through to legal proceedings.
As a factor, we also ensure that you receive your money quickly and securely and that you acquire additional liquidity. We purchase your retailer accounts receivable from you after invoicing and then pay them out by a set date even if your customers have not yet paid them. So instead of many thousands of accounts receivable, you have only one – VVA.
As a factoring specialist, we have a central accounts receivable account for each retail customer where invoices and credits for all publishing companies are accounted for. We thus ensure greater clarity and minimize administrative expenses. The bookseller can pay all VVA invoices in just one transaction.
Our reminder system, with delivery blocks that can be implemented at different levels, has resulted in retailer payment practices to VVA that are much better than the industry average. Upon request, you can also take out separate del credere insurance that protects you 100% against defaulted payments.