At TRIVER, we carefully assess each invoice submission to ensure it meets our eligibility criteria, which means that some invoices will get approved, but eventually some may be rejected. Below is a list of some of the reasons why your invoice can get rejected. Please note this is not an exhaustive list.
Buyer details mismatch:
The buyer’s details on the invoice don’t match the records we verify, such as Companies House or other databases.
Invoice due date:
The due date does not match the invoice payment terms or is too close to the submission date. We require invoices to have a minimum term of 10 days from submission.
Buyer not approved:
The buyer did not meet our risk criteria at the time of submission. This can be due to factors like buyer creditworthiness or flagged concerns in their payment history.
Duplicate or paid invoice:
The invoice appears to be a duplicate or has already been paid by the buyer, making it ineligible for advance.
Non-eligible buyers:
TRIVER cannot fund invoices for certain buyer types, such as charities or entities registered outside the UK.
Credit profile deterioration:
The credit profile of your company has deteriorated, causing it to fall outside of our eligibility criteria. This could happen due to changes in your financial position or other risk factors identified during our real-time assessments. For a better understanding, if you got an invoice rejected for this reason, we recommend checking you credit profile at Experian.