Onboarding & initial configuration

The onboarding process with Osigu Payments establishes the foundational settings that determine how providers can interact with the platform, particularly regarding fees, percentages, and risk levels for cash advances. This initial setup is essential to ensure that each provider has terms tailored to their profile and relationships with payers, creating a streamlined, efficient experience for invoice registration and cash advance management.

Initial Setup and Configuration

During onboarding, Osigu works with providers to set up specific terms for invoice registration and cash advances. This process includes:

1. Provider and Payer Profile Analysis:
   Osigu reviews each provider’s profile, considering factors such as historical relationships with payers, anticipated transaction volumes, and the types of services billed.
   This profile informs the risk levels and cash advance terms, aligning the provider’s needs with realistic expectations for invoice processing and advance approvals.

2. Customizing Fees and Percentages Based on Risk Levels:
   The platform assigns fees and advance percentages based on the risk assessment of invoices submitted by the provider. Different levels of risk correspond to varying fee structures:

   • Low-Risk Invoices: Invoices with low risk may qualify for more favorable terms, such as lower fees and higher advance percentages.
   • Mid-Risk Invoices: Invoices assessed as medium risk will have moderate fees and advance percentages. These terms balance the potential for timely payment with a slightly increased risk.
   • High-Risk Invoices: Invoices identified as higher risk may incur higher fees or lower advance percentages to mitigate potential payment delays or defaults.
     Each provider’s configuration is customized, allowing specific terms based on their most common payers and the risk profiles associated with those payers.

3. Configuration of Terms Based on Payer Relationships:
   If a provider has specific agreements or historical data with particular payers, Osigu can configure unique terms for invoices associated with those payers. This can include:

   • Customized advance percentages.
   • Specialized fees are based on the payer's stability and payment history.
   • This configuration ensures that each provider-payer relationship is optimized for the best possible advance terms based on risk and past interactions.

Activation for Invoice Registration

Once the initial setup is complete, the provider can start registering invoices within the Osigu Payments platform. This includes:

• Access to register invoices with pre-configured fees and percentages according to the terms defined during onboarding.
• The ability to confidently submit invoices for cash advances, knowing that the terms reflect both the provider’s and payer’s profiles.

Benefits of the Onboarding Process

The onboarding and configuration process provides several key advantages:

• Tailored Terms: Providers benefit from terms that reflect their specific profile and payer relationships, ensuring optimal cash advance conditions.
• Risk-Based Fee Structure: With a customized approach, providers gain access to fees and percentages that balance their cash flow needs with the risk associated with each payer.
• Streamlined Workflow: Once onboarding is complete, providers can focus on registering invoices and managing cashouts without adjusting terms on a per-invoice basis.

By completing the onboarding process, providers establish a solid foundation within Osigu Payments, making it easier to manage receivables and advance requests in a way that aligns with their financial needs and payer relationships.