Otto International

Financial Services

Another flexible service offered by OTTO International serves to optimize your cash flow from operations and simplify the administration of your supplier/vendor balances. We offer VPS (Vendor Payment Service), a one-of-a-kind service that boosts your working capital to your specific need, and reduces the need for any administrative follow-up of vendor/supplier payments and unpaid balances.

VPS is tailored to your requirements based on the following key features:

• Up to 120 days of credit for you, while the vendor/supplier is paid within 7 days (or as agreed).
• OTTO International handles follow-up and management of vendor/supplier balances on your behalf.
• All vendor/supplier balances provided to you are fully reconciled.
• All vendor/supplier invoices and balances are reported to you on a weekly statement.
• All vendor/supplier documentation is provided to you in paper or digital form, according to your specifications.

In addition to VPS, we also offer our customers factoring of vendor/supplier receivables for exporters of normal consumer goods (non-food products).

Please contact us for a further discussion of how we can assist you with enhancing your working capital and cash flow.