Introduction

Dive into Bancoli’s financial offerings—early access payments, Bancoli Rewards Points (BRPs), and discount opportunities. This article explains how to tap into these features for optimum financial savings.

Early Access Payments

Early access payments are a gateway to mutual financial benefits for buyers and sellers. By setting up discounts for early payments on invoices, sellers can incentivize prompt payments while buyers can save substantially on their purchases.

Adding a Discount for Early Payments on Bancoli

To leverage early access payments for financial savings, Bancoli has streamlined the process of adding discounts for early payments on invoices. Here's a simplified guide:

• Create a New Invoice: Begin by generating a new invoice for the transaction.

• Guaranteed Invoice Opportunity: Navigate to the "Guaranteed invoice opportunity" section within the invoice creation process.

• Include Discount Offer: By checking the box labeled "Include discount offer based on due date."

• Set Discount Terms: Specify the date range within which the discount is applicable and decide on the discount percentage.

• Finalize Invoice Details: Ensure all details on the invoice are correct, confirm, and mark the box indicating that the invoice is finalized and ready to be sent.

• Send Invoice: Dispatch the invoice by clicking "Send now."

By following these steps, sellers can easily incentivize early payments by offering discounts and encouraging buyers to settle their invoices promptly. This accelerates cash flow and allows buyers to save money by taking advantage of the discounts offered for early payment.

Bancoli Rewards Points (BRP)

Accumulate BRPs by paying US dollar-denominated invoices without seller offered discounts.

Maximizing Savings with BRPs

Bancoli offers a unique rewards program known as Bancoli Rewards Points (BRP), which serves as a tool for customers to earn and redeem points, leading to savings on transaction fees. Here's how you can make the most of BRPs:

• Earning BRPs: Customers earn BRPs by paying US dollar-denominated invoices on time that have no seller-offered discounts. This incentivizes the timely settlement of invoices and rewards clients even if the seller did not offer a discount.

Guaranteed Invoices

Bancoli’s Guaranteed Invoices ensure prompt payments, aiding in maintaining a healthy cash flow while earning additional BRPs and contributing to further savings.

Global Business Account

The Global Business Account, your financial hub, facilitates multi-currency transactions at lower costs and offers cash flow acceleration features, driving financial efficiency and savings.

Expanding Business Reach with Bancoli's Global Business Account:

The Bancoli Global Business Account (GBA) is a comprehensive banking solution that facilitates international business transactions. Here's how it can be a game-changer for your business:

• Multi-Currency Management: The GBA allows businesses to hold, receive, and manage funds in multiple currencies, streamlining the process of international transactions.

• Remote Account Opening: Businesses can open a GBA remotely, eliminating the need to travel to different countries to set up currency-specific accounts.

• Reduced Transaction Costs: Businesses can significantly reduce the costs associated with cross-border payments by accessing competitive currency exchange rates and internationally competitive fees.

• Diverse Business Applications: The GBA suits many businesses, from freelancers to large corporations, especially those engaged in digital services, manufacturing, retail, and commodities.

• Unlimited Global Transactions: Bancoli offers unlimited transactions with no minimum balance requirement and the ability to earn and redeem BRPs to waive fees.

• Flexible Membership Plans: Bancoli provides four membership plans, including a free Starter plan, to cater to the varying needs of global businesses.

• Data-Driven Decision-Making: Bancoli's platform provides valuable data that can assist businesses in making informed decisions regarding their global operations.

• Asset Protection: Bancoli Vault accounts protect business assets with industry-leading fund backing and uses short-term U.S. government bonds for security.

By utilizing the GBA, businesses can accelerate their cash flow and gain a secure and cost-effective solution for managing their international financial operations.

Bancoli Pricing and Plans

Choosing a Bancoli plan that aligns with your business operations can contribute to significant savings. Explore Bancoli's pricing and membership plans to find the fit to meet your financial objectives.

Bancoli's membership plans cater to the diverse needs of businesses, from startups to global enterprises. These plans encompass a range of benefits that facilitate seamless financial operations.

At the forefront of AI and automation, Bancoli integrates technology to streamline financial management. AI suggestions for discounting strategies and automatic email follow-ups are part of the tools designed to enhance efficiency.

Regarding invoicing and cash flow, Bancoli's platform is equipped with capabilities to accelerate cash flow. Features like multi-currency e-invoicing and invoice scheduling are integral to this, while the platform currently allows for guaranteed invoices for outgoing payments.

Bancoli's commitment to simple and transparent pricing means businesses can expect competitive fees for outgoing payments and international wire transfers, with foreign exchange rates significantly lower than traditional banks. This commitment extends to the flexibility of covering fees with either USD or Bancoli Rewards Points, underscoring the platform's dedication to providing value and savings to its customers.

Bancoli continues to evolve, preparing new features in banking, AI and automation, invoicing and cash flow, and team management that will simplify your financial operations and save you time and money. 

Security and Support

Bancoli's offerings are fortified with military-grade encryption and multi-factor security, ensuring that transactions are securely managed with robust ID verification, which includes liveness checks. 

Looking for assistance?

If you require any assistance on your savings journey, Bancoli's Help Center and Customer Support are available directly in the app.