Choose the Factoring program for Stellantis suppliers

Fidis, a financial company 100% owned by Stellantis, purchases the supplier's turnover via an automatic interface. Invoices registered by Stellantis are uploaded daily to the Fidis portal, where the supplier has access to manage their credits. The supplier then selects the invoices to be advance for payment indicating the value date.

Once the contract has been signed, from the following day FIDIS is enabled to receive the automatic flow of invoices directly on the portal. From that moment the supplier can select the invoices to be advanced.

Once the supplier signs the contract with FIDIS, he gains access to the online portal where all his credits are listed. This tool allows the supplier to independently manage their invoices: they can choose to select specific invoices for advance, indicating the value date for payment.

Fidis pays the supplier via bank transfer on the requested value date. The available value dates for payment are displayed on the portal based on the currency and the time the request is entered.

If the invoice does not have any payment block and has not yet been paid by Stellantis, after 45 days from the expiry, it is refunded by Fidis to the supplier with the first useful currency..

At the time of the dispute, the invoice is converted with recourse and is refunded by Fidis to the supplier at the time of payment by Stellantis. If payment is not made as a result of the dispute, the supplier repurchases the invoice from Fidis.

No; Fidis can however be as an intermediary to speed up the release to payability when possible.

Interest is calculated monthly on prepaid invoices at the rate defined in the contract. Interest is calculated from the value date of the advance up to the value date of the collection. If the value date of the collection exceeds 30 days from the due date, interest is no longer calculated.

The factoring commission is a flat commission calculated on each invoice acquired by Fidis (anticipated or not), at the rate defined in the contract.

Interest and factoring fees are invoiced at the end of each month and collected from the supplier by offsetting. Copies and invoice details are available on the portal from the fifth business day of each month with competence to the previous month.

Currently, the supplier factoring program handles invoices in EUR, USD and PLN.

A period of 24 months is normally required, but Fidis remains flexible to support supplier needs.

It is possible to access from the portal on a specific folder named "my reports". Inside there is the Outstanding monthly based and the Account Balance. These documents are available from the fifth business day of each month with competence to the previous month.