VVA offers publishing houses an extensive package of financial services; the effectiveness of this package is well recognized within the publishing industry. 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 on all aspects of your accounts receivable management, from checking the creditworthiness of your customers to account management, from debt collection and reminder mechanisms 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 houses are accounted for. We thus ensure greater oversight 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 will also receive separate del credere insurance that insures you 100% against defaulted payments.