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Business on a Solid Basis

For NORDWEST’s trading partners and contract suppliers grouping payment flows means a significant reduction in administrative work.

Within the scope of pooled payment, the trader within the participating industrial partners, orders and receives the ordered goods directly. The invoices are issued by the manufacturer in the name of the trader, however they are sent to NORDWEST for clearing. NORDWEST groups all of the manufacturer’s invoices for its trading partner into collective invoices; the trading partner then pays NORDWEST and NORDWEST clears the unsettled receivables of the supplier.

For NORDWEST trading partners, payment pooling saves time and costs, especially as payment is always guaranteed and all payments are made on time making the maximum use of discount agreements. For industrial partners, it is the optimized processing and the reliability that del credere liability provides that are the main attractions.