A new working-capital tool is interesting to the CFO. To you, it's another set of GL impacts to explain, another disclosure question to answer, another close cycle to shepherd through. The job lands on your desk before anyone else realises there is one.
GlobalFinex B2B gives finance two governed levers, method and timing, applied selectively and reversibly on approved invoices. If this is your first read, the four-minute version lives on How it Works. The rest of this page is the controller's lens.
If you only read one section here, read the four questions you'll be asked.
For Flow, the underlying mechanism is buyer-funded card payment to a managed environment, with EFT to the supplier. The accounting treatment is no different from extending supplier terms via card: invoices remain trade payables until the card statement is due, then convert to a card liability subject to its own payment terms. Your existing P2P-to-GL flow is preserved.
For accepted Pace offers, the supplier issues at the discounted amount. The discount can be recognised as settlement discount received. Typically other income or a COGS reduction. Depending on your accounting policy. The GL impact is clean and separable: invoice value, discount value and settlement value each have distinct line items.
For periods on or after 1 January 2024, IAS 7 / AASB 107 amendments require disclosure of supplier finance arrangements. GlobalFinex B2B is structured as a buyer-controlled settlement layer, not a financier-led programme. The supplier has no funding relationship with a third party. We can support the accounting position memo your audit team will want, including how this differs from typical SCF programmes.
No facility, no covenant, no underwriting. Liquidity influence without borrowing. For ratio and covenant-sensitive environments, the structure preserves the metrics your treasury and lenders watch. And it should not be confused with reverse-factoring structures that have invited reclassification under recent guidance.
A working document covering GL treatment of card-funded settlement, accounting for discount-on-acceptance, SCF disclosure positioning and reconciliation flow. Designed to be reviewed by your finance team and shared with your external auditor. Available on request as part of a working-session engagement.
Request the controller brief →30-minute working session. Bring your audit firm, your accounting policy, the questions you're already getting from your CFO. We'll walk you through the GL treatment, the disclosure stance and the reconciliation flow. No deck.