Comfi

Suppliers will regularly send deals to buyers, and when a buyer is requested to sign the Direct Debit Authorization (DDA), they can choose whether to sign it for just one deal or to create a trade account for multiple transactions. To create and effectively utilize a trade account, please follow the steps below:

Availing for a Trade Account (buyer): buyers can select the ‘Trade Account’ option when signing the DDA.

Signing the DDA (buyer): the buyer will need to sign the DDA, and upload in the system.

DDA acceptance (buyer): once the DDA is successfully accepted by the bank, it remains in active for one year.

New deals (supplier): Suppliers can submit new deals directly, and buyers won’t be requested for a new DDA with each deal. The approval is still subjected to Comfi’s risk policy.

Issuing a Deal (supplier): The supplier must issue the deal through the dashboard and provide an estimated delivery date. The deal will remain active until this date. If more time is needed, the delivery date can be extended. However, if the delivery confirmation is not uploaded by the specified time, the deal will automatically expire.

Upload delivery note (supplier): once the order is delivered, the supplier will need to upload the delivery note on the system before the delivery deadline.

Approval of delivery note (supplier): Comfi will approve the delivery note uploaded by the buyer. After this, the payments to the supplier and from the buyer will be scheduled accordingly.

1. Availing for a Trade Account (buyer): buyers can select the ‘Trade Account’ option when signing the DDA.
2. Signing the DDA (buyer): the buyer will need to sign the DDA, and upload in the system.
3. DDA acceptance (buyer): once the DDA is successfully accepted by the bank, it remains in active for one year.
4. New deals (supplier): Suppliers can submit new deals directly, and buyers won’t be requested for a new DDA with each deal. The approval is still subjected to Comfi’s risk policy.
5. Issuing a Deal (supplier): The supplier must issue the deal through the dashboard and provide an estimated delivery date. The deal will remain active until this date. If more time is needed, the delivery date can be extended. However, if the delivery confirmation is not uploaded by the specified time, the deal will automatically expire.
6. Upload delivery note (supplier): once the order is delivered, the supplier will need to upload the delivery note on the system before the delivery deadline. 
7. Approval of delivery note (supplier): Comfi will approve the delivery note uploaded by the buyer. After this, the payments to the supplier and from the buyer will be scheduled accordingly.