Boletos & Receivables in Brazil

Report date: 
19 May 2019
  • Boletos are unique and are a great way to minimise DSO which is a major problem in many countries.
  • Bank charges for processing Boletos are seen as high, especially for paper – based Boletos.
  • Moving from paper to electronic reduces bank fees by 55% – but smaller clients are reluctant to change their processes
  • The move to electronic also reduces opportunities for fraud from paper-based Boletos (see CompleXCountries Report FX & Treasury in Brazil 30 Jan 2019)
  • Receiving payment via wire transfer reduces bank fees but has higher A/R processing costs as the remittance data is often poor.

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