We’re continuing to improve credit limits to make collaboration easier and bring more transparency.

Can your credit limits be revised?

• We often get questions about how to upgrade debtor credit limits, and we’ve got good news! Our API and beta dashboard (request access if interested!) now return this specific information. You’ll see whether a revision is possible for each credit limit and find out if supporting documents are required for your request.

New ways of sharing T&Cs or invoice consents

• We’ve introduced new API endpoints to help you share essential information with us, such as notifying us that our Terms of Services have been confirmed with a beneficiary, that an invoice has been validated, or that our Terms of Services have been notified to a debtor.
• These features let you log consents directly in our product, enabling us to track every step of the processes you’ve managed on your platform. Additionally, instead of attaching documents to payment advances as before, you can now use the dedicated invoice validation endpoint.
• These updates are currently available via the API and will soon be added to the dashboard as required steps. We’ll notify you when it becomes necessary, but feel free to reach out if you have any questions in the meantime.

Back-to-school season has been a busy one here at Aria! We’ve rolled out several updates designed to make moving money easier and more efficient for you.

This list of new features provides useful insights for anyone interested in Credit Limit and KYB flows.

­Next API breaking changes

• (December 4) A set of breaking changes around Credit limits and Debtors will be added to the product to improve the overall experience.
• (Coming soon) New Credit limit refusal reasons will be added to the current list, you can see the new ones in our updated guide.

Frozen credit limits

• Credit limits now display new information indicating a temporary freeze if late debtor repayments are detected. This update provides you with early visibility, helping to prevent unexpected, blocked Loans.
• This information is now accessible through our API and will soon be available on our newly redesigned dashboard.

Credit limit allocations

• You can now request a specific Credit Limit allocation for a Debtor, allowing your company to guarantee a set amount if Aria’s initial limit doesn’t meet your financing needs. This allocation can be requested directly on our dashboard, with contract signing included.
• Please contact your dedicated account manager to enable this feature. A complete guide is available here: Credit limit allocations guide.

­Onboardings

• Our new Onboarding feature allows you to manage and track the registration of your beneficiaries in a fully compliant way on our platform.
• It provides visibility into the onboarding and KYB status of beneficiaries, enabling you to monitor each document’s progress and see specific reasons for any rejections via API or through a dedicated portal link.
• This feature is being gradually rolled out to clients based on their specific needs, with our team reaching out to those who may benefit from it.

Next breaking changes

We will be adding significant, new breaking changes to our API on December 4, 2024.

1. Required Credit Limit before Loan creation: When creating a Loan, a Credit Limit must be created for the Debtor that is associated with the Invoice linked to the Loan. Failure to do so will result in an API error. This will ensure we onboard the Debtor before you request a payment.
2. Required Debtor Contact on Invoice: A contact, along with their email, will be mandatory when creating an Invoice, so we can reach out to Debtors if we all agreed to manage debt collection.
3. Required Debtor Name for Credit Limits: The Debtor name field will be required when creating a Credit Limit. This information is crucial for authenticating the counterparty.
   To avoid these breaking changes, you will find a complete guide in our API docs.

At Aria, we recognize that API breaking changes can be challenging. If you have any feedback or concerns regarding these updates, please don't hesitate to reach out to your dedicated KAM.

­

Non-developers can find useful information following this emoji: 💡.

Highlights

• 💡Receivables: We’re excited to introduce a new way of financing orders! You can now request an advance payment based on a receivable that has not yet been billed.
  • This feature is only available under certain conditions. If you’re interested, please contact your dedicated Key Account Manager (KAM).
  • Our API Guide and API Reference have been updated.

Next breaking change

• New refusal and block reason codes will be added to the list on August 21, 2024:
  • New refusal reasons
  • New block reasons

Non-developers can find useful information following this emoji: 💡.

Highlights

• Webhooks management: You can now effortlessly manage your webhook subscriptions and invocations directly from the Dashboard.

Improvements

• 💡EOM payment terms: Introducing the option to select a paymentTermType when creating an Invoice using our API or Dashboard. This includes a new End-of-Month (EOM) payment term for businesses operating with these terms. To have this configured, please reach out to your dedicated Key Account or Integration Manager.
  • Our API reference has been updated: https://docs.helloaria.eu/reference/createinvoice

Non-developers can find useful information following this emoji: 💡.

Highlights

• Quotes v2: We've made significant improvements to our Quote feature, making it much more user-friendly and versatile to get an eligibility decision on a purchase or invoice. Keep in mind that accessing Quotes requires prior configuration and then our assistance. If you are interested, please reach out to us.
  • New API guide: https://docs.helloaria.eu/docs/quote
  • Technical documentation: https://docs.helloaria.eu/reference/createquote

Improvements

• Loan refusal reasons: Refused Loans now come with a description explaining the reason for refusal, and we've added many new reasons to the list.

Non-developers can find useful information following this emoji: 💡.

Highlights

• 💡New countries available: We just added a lot of new countries in our API and our dashboard, for Beneficiaries and Debtors.
  • You will find a new dynamic list following this link.
  • As a reminder, we will be also removing some countries on April 2, 2024.

Improvements

• Link a Credit limit to an Invoice: We added creditLimitId field to Invoices in our API to link a Debtor if you only use the Credit limit object in your integrations.
• GDPR endpoint: We added a new endpoint in our API so you can request the deletion of personal information from our databases.

What's next

• 💡New reasons: We will be adding new refusal reasons and descriptions on Loans, as we did with active block reasons few months ago. Additionally, we plan to expand the existing list with more block reasons.
  • These updates are scheduled for release on April 9, 2024. Forthcoming changes can be previewed by visiting our current lists.

Non-technical users can find useful release information following the light bulb 💡.

Upcoming Credit limit adjustments and webhook activity increase

• Good news! On March 14, 2024, we'll be raising the maximum amount for some of your Credit limits. Please note that this might affect numerous objects, potentially triggering multiple credit-limit.updated events if you have subscribed to them.

Highlights

• 💡 Credit limit collaboration and logs: We're excited to announce our new major improvement to Credit limits! Our platform now enables direct communication between our team and yours within our product, allowing for optimal decision-making regarding Credit limits. This marks a new step in our goal to develop the most flexible and transparent B2B payment solution.
• https://docs.helloaria.eu/reference/getcreditlimitlogs
• https://docs.helloaria.eu/reference/registercreditlimit

Non-technical users can find useful release information following the light bulb 💡.

Highlights

• 💡Payment links: We introduce a self-hosted payment page for sending to buyers. Ideal if you don't have a direct relationship with them or when needing dynamic payment destination display based on our advance payment approval. To have access to this feature, please reach out to your dedicated Key Account Manager.

Improvements

• 💡Instant payouts (EUR) on our dashboard: You can now request your payments in Euros to be instant using our dashboard. To activate this feature, please reach out to your dedicated Key Account Manager.
• Debtor's address in Credit-limits/Invoices: Added debtorAddress field in Credit-limits and Invoices to avoid mandatory Debtor creation, streamlining your existing workflows.
• Debtor's metadata: Added debtorMetadata field to add and access debtor-related metadata when creating invoices. If you are interested, you can customize your schema with your dedicated Key Account Manager.

Upcoming breaking changes

• Required Debtor's address: From April 2, 2024, all German debtors in Credit-limits and Invoices must include an address due to non-unique business identifiers. Use the POST /debtor endpoint or the debtorAddress field located in Invoices and Credit-limits endpoints.
• Blacklisted countries: From April 2, 2024, the following countries will be removed from our eligibility list. For more information, please reach out to your dedicated Key Account Manager.

See the full list of upcoming breaking changes.

Improvements

• You can now upload files encoded in a Base64 format.
  • https://docs.helloaria.eu/reference/upload
  • https://docs.helloaria.eu/reference/setuserkycdocument