Glossary
Terms used across Finqle products and this knowledge base.
A
Account manager
The Finqle contact assigned to your account for questions on contracts, rates and payment terms.
B
Billing request
A submission asking Finqle to pay a merchant for work delivered to a debtor. The starting point for direct payment or factoring.
C
Client
Umbrella term for organizations working with Finqle, covering both merchants selling through the sales flow and organizations purchasing through Connect.
Collective invoice
A single statement combining multiple individual invoices due from the same debtor in a given period.
Connect
The Finqle environment where registered organizations manage vendors, projects, contracts and approvals.
Contract template
A reusable set of standard terms in Connect, applied when creating new contracts with vendors.
Credit invoice
A corrected invoice issued to reverse or adjust a previous invoice, usually following a dispute.
D
Debtor
An organization that owes payment on an invoice financed by Finqle. Standalone debtors pay through the Debtor Portal without a registered account; organizations with a Connect relationship work in Purchasing instead.
Direct payment
A Finqle service where merchants are paid directly for approved billing requests, without transferring ownership of the invoice.
F
Factoring
A financing arrangement where Finqle purchases a merchant's invoice and collects payment from the debtor directly.
K
KOR scheme
Kleineondernemersregeling, a Dutch VAT exemption for small businesses under a set revenue threshold.
M
Merchant
A business or contractor that submits billing requests to Finqle to get paid for work delivered to a debtor. Merchants are clients operating in the sales flow.
N
Non-recourse factoring
A factoring arrangement where Finqle carries the credit risk if the debtor doesn't pay.
P
Purchase invoice
An invoice a merchant sends to Finqle as part of a billing request, later paid on to the debtor's account.
Purchasing flow
The buying side of Finqle: vendors working for your organization, the projects and contracts they work under, and the invoices those generate through Connect.
S
Sales flow
The selling flow: billing requests a merchant submits to be paid by Finqle before the debtor settles the invoice.
T
Transaction statement
An overview of all payments and fees processed on your Finqle account over a period.
Transfer statement
A statement confirming a specific transfer between Finqle and a merchant or debtor, including reference and amount.
U
UBL
Universal Business Language, a standard invoice data format that lets accounting software submit billing requests to Finqle automatically.
V
Vendor
A supplier providing goods or services, tracked through Connect on behalf of a client's purchasing organization.