You select the supplier and agree
the terms of the transaction
Our remit covers international
payments and the financial
aspects of the transaction,
and in this capacity we:
- Review the contract, invoice and payment terms
- Verify the details required to execute the payment
- Determine the structure of the international payment
- Arrange the transfer of funds to the supplier
- Manage the documentation relating to the payment
- Oversee the payment until it is completed
The supplier sets the terms
and we structure the payment
-
Your overseas counterparty may already have its own payment requirements
The currency, amount, timing, bank details, the need for an advance payment and the documents to be provided
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How Doverka Fintech helps
Doverka Fintech analyses these terms before any funds are sent and determines how the payment should be executed for the transaction in question
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This is particularly important where the supplier expects payment to specified bank details or in a particular currency, and a standard international payment method is not suitable for the transaction
Review payment terms
If your supplier
requests an
advance payment
With an advance payment, funds are transferred to the overseas counterparty before it has fulfilled its delivery obligations, which is why the financial aspects of the transaction should be prepared in good time.
Checks before payment
Before the payment is executed, we review the documents and payment terms, verify the basis for the transaction and agree the procedure for transferring the funds
Invoice already issued
If your supplier has already issued an invoice for the advance payment, you can submit it to a Doverka Fintech specialist immediately, together with the transaction documents
The payment flow depends on
the nature of your company's
relationship with its
overseas counterparty
-
One-off purchase
You need to make a specific payment for goods, equipment or a service and ensure that it is correctly documented
-
Regular purchases
Where your company pays for deliveries from one or more overseas counterparties on a regular basis, a clear payment structure should be established so that the payment arrangements do not have to be revisited each time
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New supplier
The transaction documents and payment terms can be reviewed before the first payment is made
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Change in terms
If the amount, currency, payment procedure or other payment conditions change, the financial arrangements for the transaction can be reassessed before any funds are sent
Key checks before making a payment
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Beneficiary's bank details
The beneficiary and the bank details to which the payment is sent must correspond to the selected payment structure
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Basis for payment
The contract, invoice and other documents must set out what the company is paying for and on what terms
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Amount and currency
The payment amount and currency are verified against the transaction documents and the agreed terms
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Purpose of payment
The details stated in the payment documents must be consistent with the underlying transaction
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Payment procedure
Where the transaction involves an advance payment or several linked payments, it is important to understand the sequence of financial operations in advance
Purchase terms International payments Documents Making international
purchasing a
routine step
When your company regularly works with overseas suppliers, it is important to establish an arrangement that makes each subsequent payment as straightforward as possible
Doverka Fintech helps to bring the purchase terms, documentation and international payments together into a clear financial model, so that your business can concentrate on its relationship with the supplier and on the purchase itself without each international payment becoming a separate task
Have the purchase terms been agreed?
Please send us the contract, invoice or other documents relating to the transaction. A Doverka Fintech specialist will review the payment terms and determine how to arrange the payment to your overseas supplier.