Enterprises gain time and financial latitude, they strengthen their position vis à vis their suppliers and principal banks, and late payments or even non-payments cease to be a concern. Further advantages are: improved liquidity due to the reduction of outstanding accounts receivables, savings in purchases through cash discounts and rebates, complete protection from non-payments and defaults, savings in the area of debtor or receivables management, continuous credit ratings of debtors, discontinuation of payments for credit insurance.