End-to-end programme flow — from invoice origination through funding, payment and collection.
Checks run on new-counterparty onboarding: AML, PEP & sanctions screening, and Confirmation of Payee (via the Westpac integration).
Exceptions are resolved with the client at T0 (same day); anything unresolved is excluded from the batch at T1 (next day).
If Rabo rejects funding: notify the buyer and cancel the batch; the buyer pays the supplier directly or re-uploads.
Rabo funds 100% of invoice value and the supplier receives 100%; Butn absorbs transfer fees within its facility pricing.
Collection account is Butn-nominated but Rabo-controlled, held at Westpac.