Licuos is a global B2B payment platform that enables businesses to compensate and pay their commercial debts. The platform provides netting, payment, and funding services for accounts receivable and payable to businesses, allowing them to reduce their dependence on the banking system and improve their working capital and cash flow management. Licuos gives businesses full control and visibility into the payment processes and allows them to easily communicate and negotiate with their business partners at any point in time. Its SaaS cloud-based technology is compatible with SAP, Oracle, and most custom ERP systems. Based in Madrid, Spain, the company was launched in December 2012.