Eurowag. Payment Solution for Freight Forwarding Companies

Transcription

1 Eurowag Payment Solution for Freight Forwarding Companies Partner of professional drivers Eurowag Vector offers an ideal opportunity to improve the existing cooperation between freight forwarders and the small to medium size hauliers.

2 Eurowag Vector is a unique solution for the payment of fuel, tolls and other services for hauliers. Benefits for Freight Forwarders: Strengthening the relationship between you and your hauliers Commission from each fuel transaction, tolls and tax refunds you will benefit from commissions that will increase your revenues without any investment Entirely risk-free solution Eurowag Vector will allow you to manage safely all processes online, especially: To set a credit limit for each of the hauliers To offset the Eurowag invoices against invoices of the hauliers To monitor the current balances of each of the hauliers To block hauliers if necessary An easy procedure to add new hauliers into the system Setting of your own commissions Optimisation tool for your cash-flow by using the difference between due dates of invoices of the hauliers Benefits for Hauliers: Professional payment solution through an extended cooperation with your company Free and immediate access to credit limit without any investment Highly competitive prices, which are only available for large hauliers Perfectly VAT compliant work-flow for accounting and refunds

3 Extract from the Web Application Main Overview Total limit represents the overall credit limit provided to you by Eurowag. The amount which the maximum limit of hauliers may currently be increased to. Maturity of invoices assigned from Eurowag to the freight forwarder. Overview of Hauliers Subaccounts 4 5 Name of the haulier Max Due Balance of Free Short-term Modify limit date haulier limit limit Haulier Days active Haulier Days * Haulier Days, * Haulier Days Haulier Days * Haulier Days * Haulier Days Haulier 8, Days 0.00,50.00* This limit represents your total maximum credit risk that you take with the existing haulier in respect of fuel supplies or toll. Maturity date of invoices issued to the haulier. After issuing, the invoices are assigned to the freight forwarder. The receivable can be set off with the haulier after this due date. Sum of haulier s uninvoiced and invoiced undue deliveries. This represents your current risk against the haulier (it is expected to be paid as of the haulier s invoice due date, or the setoff is made between you and the haulier, respectively). 4 5 The haulier may draw activated products and services offered by Eurowag up to this limit. For hauliers that have an active fuel + toll business area, this amount is marked with asterisk (*) and decreased by 0 % due to the automatic fuel blocking when 90 % of the maximum limit is reached. This is a haulier for whom the freight forwarder wishes to set a temporary limit solely for fuel consumption.

4 Blocking of Hauliers Name of the haulier Fuel Toll Modify Haulier Active Haulier Active Active Haulier Automatic blocking ( ) Active WARNING Haulier 4 Manual blocking ( ) Blocked ( ) Haulier 5 Active! Blocking underway (change of date: ) Haulier 6 Manual blocking ( ) Active WARNING Haulier 7 Manual blocking ( ) Blocked ( ) Haulier 8 Active Active a) If only the fuel business area is active, blocking occurs automatically when 00% of the maximum limit is reached. b) If both fuel and toll business areas are active at the same time, fuel is blocked when 90% of the maximum limit is reached. Sales Areas and Commission Name of the haulier Commission Fuel Toll Tax refunds Change category EUR/l (%) (%) category Haulier 0.0 OK Haulier OK Haulier Haulier Haulier Haulier OK Haulier Haulier OK Defines the commission applied based on haulier categorization into to X groups. Freight forwarder s commission depending on the service/product (excl. VAT). a) Eurocent per litre of fuel b) % from toll transactions c) % from the volume of tax refunds The commission is distributed between Eurowag and the freight forwarder as per terms specified in the contract.

5 Diagram of Financial Flows Commission Payment of assigned receivable Assignment of receivable Forwarder Invoice for fuel and toll Invoice for transport Set-off claims Haulier

6 W.A.G. payment solutions, a.s. Vyšehrad Victoria, Na Vítězné pláni 79/ Prague 4, Czech Republic