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THE TWO BIGGEST BARRIERS TO GOING GLOBAL AND HOW
TO OVERCOME THEM
URICA IS FUNDED AND SUPPORTED BY
LACK OF FINANCE
CERTAINTY OF PAYMENTS
LACK OF FINANCETHE FIRST BARRIER TO GOING GLOBAL
LACK OF FINANCE
Globally, suppliers face an uphill battle where debt is the Achilles' heal
large businesses need to define and control their credit terms in line with their business objectives, this often leads to the need for extended credit terms
mid-size businesses are forced to pass through the pressure and remain cash neutral
small businesses are the largest net providers of credit into the system, and are often forced into using debt products, such as invoice factoring to shoulder the supply chainon the UK economy
“The delays in paying invoices is a continuing serious problem for SMEs. Large companies are a problem and this action cascades down the supply chain. In addition with the lack of real financial support from the banks, these are issues the EIA has been lobbying on behalf of SMEs in meetings at the Bank of England…”
“URICA… the end of invoice discounting.” – Sir Ronald Halstead
debt
credit flow
growth
THIS PROBLEM COMPOUNDS WHEN YOUR CUSTOMERSARE OVERSEAS
LACK OF FINANCE
BANKS TRADE FINANCE ALTERNATIVE FINANCE
WANT SECURITYNOT EVERYONE’S FRIEND
DON’T REALLY UNDERSTAND YOURECOURSE
EXPENSIVEDEBT, DEBT, DEBT
SOME WILL SOME WON’TWANT SECURITY
EXPENSIVE
WANT SECURITYEXPENSIVE
SLOWTAKE ASSIGNMENT
LACK OF FINANCE
CERTAINTY OF PAYMENTSTHE SECOND BARRIER TO GOING GLOBAL
if you don’t have certainty of payment, then going global could be the end of your business
• it’s much more difficult to chase overseas customers
• language barriers cause delays
• you end up working on trust, if you don’t have a way of getting certainty
IT CAN BE A LONG JOURNEYFROM WHEN YOU SUPPLY THE GOODS AND WHEN YOU
ARE PAID!
“If they can crack this nut, then they can really solve a problem. URICA, are looking for the ‘holy grail’” – DR Michiel Steeman, professor of supply chain finance, Windesheim
LACK OF FINANCECERTAINTY OF PAYMENTS
HOW DO YOU
CREDIT CHECK YOUR
OVERSEAS CUSTOME
RS?
WHOSE LAW WILL YOU
USE IF THERE IS A DISPUTE?
ONCE THE GOODS ARE SHIPPED OR
SERVICES PROVIDED WILL YOU JUST CROSS YOUR FINGERS?
IF YOUR CUSTOMER
WON’T PAY ARE YOU ABLE TO AFFORD THE
LEGAL COSTS?
CAN YOU AFFORD TO GAMBLE WITH
EXPORTING?
THE SOLUTIONONE SIMPLE SOLUTION TO BOTH BARRIERS
12
mission – fintech connectivity & networking, an holistic solution
global distribution& underwriting expertise
big data, rating, underwriting& global collection
credibility& finance
more than 75% of SMEs say they would take a small discount if their customer offered them early payment
but that’s not going to happen as businesses hang on to their cash hoards to pay down their own debt
URICA! A global supply chain funding network, the Facebook of finance offer the solution to both late payment and the lack of support from banks and other financial providers. Potentially viral, like Facebook users connect their business networks both up and down their supply chains removing the need for debt
launched in 2014, with the backing of the UK Government, it’s a common sense way to do business on better terms. But more, URICA is an online, real time, cloud based platform that connects companies to a strategic alliance of global players and provides a holistic solution
BETTER TERMS
“It’s so innovative it could only have been thought of in Britain” – Lord Digby Jones, former Minister of State for UK Trade & Investment, Director General of the CBI and advisor/director of several of the UK’s leading businesses.
URICA
EXPORT FINANCESUPPLY CHAIN FINANCEEARLY PAYMENTIMPORT FINANCE
ANALYSIS
FIRST CHECK YOUR CUSTOMERS WITH URICA
WE GIVE YOU A LIMIT
WE CREDIT INSURE THE INVOICE
WORK WITH OVER 50 COUNTRIES
EXPORT FINANCE THE EASY WAY
HOW IT WORKS
CONNECT AGREE TERMS TRADE CONFIRM PAYMENT
CONNECT ACROSS THE URICA NETWORK,
SUPPLIERS CONNECTING TO CUSTOMERS, AND
CUSTOMERS CONNECTING TO SUPPLIERS.
UK AND GLOBALLY
AGREE YOUR TERMS OF TRADE. HOW SOON YOU WANT
PAYMENT AND HOW LONG THE CUSTOMER REQUIRES
EACH TRADE IS EVIDENCED IN A LITE ELECTRONIC LETTER (INVOICE)
WHEN BOTH PARTIES CONFIRM, THE CREDIT
RATING OF THE TRADE IS UNDERWRITTEN BY
EULER HERMES, AND PURCHASED BY THE
BRITISH BUSINESS BANK AND A GROUP OF
INSTITUTIONAL BUYERS AND THE INVOICE IS
PURCHASED
YOU ARE PAID CASH, INVOICE-BY-INVOICE,
WITH NO RECOURSE, NO DEBENTURE, NO LOCK UP AND NO
PERSONAL GUARANTEE
• URICA typically pays you 98% of the invoice value, as early as the day the invoice is sent to the customer. • All businesses are offered the same rate regardless of their credit.• The customer has up to 90 days to pay, may share in the economics, and at the same time has certainty in its supply chain and best terms – price,
credit and reactivity.
URICA
50%
70%
25%
9045
CHOOSE HOW MANY OF YOUR CUSTOMERS YOU WANT TO USE URICA WITH, ADD AS YOU GO
YOU CONTROL HOW MANY OF YOUR INVOICES YOU WISH TO USE URICA WITH
AGREE ECONOMICS BETWEEN YOU AND YOUR CUSTOMERS
SIMPLY SET HOW MANY DAYS AFTER INVOICING YOU WANT TO BE PAID
AND SET HOW MANY DAYS CREDIT THE CUSTOMER WILL HAVE
SUPPLIER
75%
CUSTOMER
HOW IT WORKSURICA
NO MORE LACK OF FINANCE
We’ll provide you cash early payment
on your invoices, without security and on a non-recourse
basis.
There are no limits to the number of
customers you can work with.
The age of your business is not a
factor.
CERTAINTY OF PAYMENT
You’ll never need to worry about late payments or lack
of payment.
We never ask for the cash back from
you.
You know before you take on the
order that you will be paid on time
every time.
AND THERES MORE
We have global coverage, so you can use URICA in 50+ countries.
You can grow your business at the speed you want, without the risk
normally associated with exporting.
AND THERES EVEN MORE
We support businesses in all
sectors.
Works for Products and Services.
There’s no long-drawn out ‘getting
started’ phase.
AND JUST A LITTLE MORE
Your invoices can be in GBP, USD and
EURO.
You can be paid by URICA before the
goods leave the UK!
HOW IT WORKSURICA
MATTHEW MCDONNELLRESIMAC
“If somebody had asked me two years ago ‘what is the answer to all your prayers for your export business’, URICA would tick all the boxes I had written down.”MICK PINDER
CHESTERFIELD SPECIAL CYLINDERS
STEVEN ROBBIEPR AUTOMATION
“URICA makes all the difference when dealing with our customers and when we want to be paid.”
GAVIN JAMESNUTZ AUDIO
“URICA is a true game changer in the world of invoice financing. It’s a term often over used in the factoring industry BUT it is 100 percent true in this instance.”
CLIVE MAYBRIAR-GROVE DEVELOPMENTS
“I would encourage any SME to look into the cashflow benefits of URICA without a shadow of doubt.”
“URICA brings us closer to our supply chain. We can help our smaller suppliers who need 30 days. It doesn’t hurt us, our cashflow isn’t exposed.”
JUST SOME URICA MOMENTS
READ THE FULL ARTICLES AND SEE MORE URICA MOMENTS AT www.urica.com
JUST SOME URICA MOMENTS
BOB DEAKINBENCHWORKS“URICA’s platform showed an actual understanding of the needs of our business and provides a much more flexible service than other financial providers.”LAURA GREGORY
GREAT GUNS“The brilliant thing about URICA is the flexibility, meaning we can choose the clients and contracts we want to deal with, whilst ensuring our small suppliers are paid early.”
STUART GARNERNORTON MOTORCYCLES“The simplicity and ease of use of the URICA platform is in a different league to the banks.”
NEIL JARROLDCREATOR“Banks have an issue with what we do, because is not tangible. We provide a service, so if the client doesn’t pay there’s nothing to recover. URICA makes the difference.”
STEVE LLOYDSTEVE LLOYD TIMBER“I can grow without giving a charge on my business, mortgage on my house and first call on my left kidney!”
READ THE FULL ARTICLES AND SEE MORE URICA MOMENTS AT www.urica.com
GET STARTEDTHERE IS NOTHING STOPPING YOU NOW
CONTACT
twitter.com/URICALtd 0044 (0)207 193 7616
URICA, 3 QUEEN SQUARE, LONDON, WC1N 3AR
www.linkedin.com/company/urica-limited
Plus.google.com/+UricaLimited