FIDI Affiliate Secured Invoice (FASI)
FASI: FIDI's payment protection plan for its Affiliates - and their customers
For any business to thrive it's essential to keep good cash flow. So when collecting payments becomes a concern, you need a plan in place to ensure you get paid promptly.
FIDI's Financial Protection Programme was designed to protect FIDI Affiliates' working capital against the financial default of a FIDI colleague.
How does it work?
The programme combines the FASI Scheme and the Payment Protection Plan.
The FASI (FAIM Affiliates Secured Invoices) Scheme enables a FIDI Affiliate among others to report overdue invoices against other FIDI Affiliates and to keep track of the litigation status of overdue invoices.
The Payment Protection Plan comes into force should a FIDI partner go bankrupt or be terminated from FIDI. In this case the payment protection plan helps the FIDI Affiliate recover up to 90% of unpaid invoices.
If you are a FIDI Affiliate, you can find all the rules, details and contact information on our members' only FIDINET portal. If you would like to learn more about how FASI protects you as a customer, please contact us at firstname.lastname@example.org
|FASI-Infographic 2019.pdf||1.28 MB|