With the law’s entry into force on e-invoicing, the management of e-invoices has become the basis of business for all legal entities. Recognizing the importance of fast and efficient solutions in this area, Erste Banka in Serbia introduced the eFactoring service through the ePismonoša application. From now on, all legal entities – the Bank`s customers can use this financial service, which enables the purchase of receivables through the electronic exchange of documents, providing efficiency and security in this key business process.
“The eFactoring service is an improvement of our offer and a reflection of our constant effort to respond to the needs of our customers and provide them with effective solutions that support their growth and success. We have tried to make it easy for them to activate this service. After signing a factoring limit agreement with the Bank, they can activate the eFactoring service through the ePismonoša application, which provides an intuitive and secure way to communicate with our team. Users can then send a request for the purchase of receivables to the Bank, along with the digital exchange of the necessary documentation, and when the factoring is implemented, the documentation is archived within the application securely,” – explained Jasmina Šarić, Head of Corporate Product and Business Management Division at Erste Banka Srbija. “The benefits are numerous for both the users and the Bank – no paper is required for the implementation, and the entire process takes place completely digitally, following legal regulations. With this approach, we drastically reduce the time for implementation, and significantly save money,” – she pointed out and added that this service is available both for users who want to assign their claims to the Bank and for customers who have concluded a limit agreement for reverse factoring with the Bank.
Switching from paper to e-invoices has numerous advantages, such as significant savings in time and resources, while the risk of errors is reduced to a minimum. One of the special advantages is precisely the possibility of using eFactoring, where e-invoices become the basis for the efficient and safe realization of the purchase of receivables.
The Bank decided to provide the eFactoring service via the ePismonoša platform, which leads to faster and simpler access to working capital, eliminating the need to exchange documents in paper form, which affects the reduction of customer costs. Using the application is simple. No installation is required – it is enough for users to have a stable internet connection and to log in using their credentials. All these benefits make ePismonoša an excellent solution for safe and economical document business management, and communication with the Bank when implementing requests for the purchase of receivables.
Source: the Bank`s press release dated July 11, 2023
