Payment obligations that seem like liabilities may actually be assets.
Responsible financial management includes managing payment obligations for the benefit of the company and its stakeholders.
At AUPLS, our mission is to help our customers immediately convert outstanding payment obligations into income and cash.
Each year, companies forgo millions of dollars of operating income and cash by not implementing an appropriate strategy for dealing with their outstanding checks and other payment obligations. Too many companies simply ignore unclaimed payment obligations until these payment obligations are presumed abandoned and seized by a state. It does not need to be this way.
Rather than ignoring aging and unclaimed payment obligations, AUPLS believes that payment obligations should be managed. These payment obligations can be delegated to AUPLS. The result is that the delegating company immediately increases its income and cash position, while protecting the rights of payees: the company’s customers, vendors, and investors.
Importantly, state unclaimed property laws will not interfere with the AUPLS transaction nor negate any of its benefits. Moreover, using AUPLS’s service simplifies and ensures regulatory compliance.
Responsible CFOs choose AUPLS to increase income, improve cash flow, and ensure regulatory compliance.
How It Works
AUPLS’s solution works for all kinds of payment obligations: premium refunds, utility deposits, lawsuit proceeds, wages, etc.
Payees are protected. They can always get their payment easily.
AUPLS and its Client sign a simple agreement.
The Client identifies an aging pool of outstanding checks.
Client delegates the payment obligation to AUPLS.
AUPLS assumes the obligation on the checks.
AUPLS is paid a fee.
Amounts delegated to AUPLS become income and cash for the Client.
AUPLS assumes the payment obligation unequivocally.
AUPLS funds the Client’s account.
All future redemptions of delegated checks are paid in-full with AUPLS’s funds.
Procrastinating payees can always cash their checks.
Payees can cash their checks in the customary manner.
Payee rights and privacy are protected.
A payee’s right to payment is never seized by a state.
The AUPLS Client enjoys simple, full regulatory compliance.
Why choose AUPLS to convert your outstanding payment obligations into profits?
1. The AUPLS program is very easy to implement, with extremely low execution risk.
2. AUPLS’s liability assumption is unequivocal and complete. For example, AUPLS assumes all liability on delegated checks, including the underlying contractual obligation for which the check was issued. If a payee requests a replacement check, AUPLS is liable for the reissued check too.
3. AUPLS pays whenever a transferred check is presented for payment.
4. The risk of nonpayment of checks is virtually nonexistent because AUPLS funds the account on which the checks were written.
5. AUPLS is alone responsible for any state unclaimed property reporting.
6. AUPLS Clients enjoy full regulatory compliance with no reporting or payment obligation to any state with respect to the transferred payment obligations.
7. Your customers, suppliers, and service providers will stay happy. Even procrastinating payees can redeem their payment obligations as they would in the ordinary course of business.
Have Questions?
Thank You.
5 Ausiàs March Square
1st Floor 2nd Door
08195 Sant Cugat del Vallès
Barcelona – SPAIN
Email:
info@aupliquidityservices.com
U.S. Phone:
(667) 217 4284