.svg)
“
“Whenever you see a successful business, someone once made a courageous decision.”
This practice helps businesses manage cash flow more effectively and can improve relationships between Buyers and Suppliers by encouraging prompt payments.
.jpeg)
SCF is a financial strategy where suppliers offer discounts to buyers for early payment and where invoices are paid early by a third party “Funder”.
Integrating SCF solutions unlocks working capital, enhances liquidity management, and strengthens relationships between buyers and suppliers.
Receivables Purchase solutions improve cash flow, as the Supplier receives funds upfront rather than waiting for payments from Buyers.
This solution enhances working capital, enabling suppliers to meet financial obligations and to invest in growth.
.jpeg)
The Supplier Portal allows users to view PO's, invoices, receipts and payments at both the header and detail level. Users can also view deductions, chargebacks and other short payments, which can help them with payment reconciliation. Sophisticated document matching helps Suppliers understand PO status, remaining balances, and specific invoices charged against each PO. Users also have access to a document search facility, which allows them to find transactions easily and quickly. Supplier's can communicate with Buyers through an online and email based messaging tool linked to specific documents.
About us
Optimizing payments & working capital is a win/win for you and your suppliers. FlexPayable is dedicated to providing both technology and capital for mid-market companies looking to save money and increase cash in AP and AR payment cycles. You improve cash and profitability and suppliers get paid earlier.
FlexPayable brings together Software, Process Expertise, and Capital.
The FlexPayable team is composed of industry experts in both technology and banking. We are focused on providing solutions to the underserved mid-market not just the largest, investment grade, companies. We leverage our best-in-class technology and decades of expertise to empower mid-market companies to better optimize payments and working capital needs.
Our Mission
For mid-market companies, optimizing payment timing to suppliers can provide a way to increase cash and reduce costs. Our experts can work with you to outline a program that will benefit both you and your suppliers. We also know that accessing working capital is not easy so FlexPayable has partnered with a number of third-party funders to facilitate access to working capital through our easy-to-use technology solutions. Our focus is to improve the cash flow positions of both buyers and sellers through our state-of-the-art technology platform.
Easy to use, easy to implement technology solutions that enable early payment programs, SCF, and Receivables Purchase.
Access to off balance sheet capital to finance early payments when cash is not available. Suppliers get paid early and you get more cash or lower costs.
Analytics and Dashboards show real time results, status, profitability, and working capital improvement.
Most companies are pushing their standard terms from 30 to 60 to 90 days or even further. Paying suppliers early delivers a value above that of DPO extension or you wouldn’t do it. DPO extension increases CASH, and paying suppliers early increases INCOME. Both deliver value to the company but which is higher? If a company has cash available to pay suppliers early, the discount rate on the payment will be higher than the short term rate earned by depositing the funds. Paying suppliers early simply delivers a higher value. The hit to DPO will be minimal and you will increase income.
If the company does not have cash available to pay early, you can do nothing and pay suppliers at the net terms date, or you implement an SCF program where a Funder pays the supplier early. In this scenario you earn revenue on the difference between the discount rate paid by the supplier and the SCF rate charged by the Funder, and the Suppler is paid early. You as the Buyer generate income, and the supplier gets paid early.
A note about suppliers; Suppliers want to be paid early. They are willing to accept a small discount because they have an intrinsic cost of capital on their accounts receivable and getting cash in earlier allows them to invest and grow.
FlexPayable streamlines connectivity between financial systems, banking partners, internal systems, and external Funders. Once connected, FlexPayable manages the interfaces and data exchanges and securely manages the data in our system not yours. Your system remains the system of record, however, you never have to worry about forced upgrades or system changes, FlexPayable Konnect assures standardization of data and the ability to use out-of-the-box protocols and formats. In short, we have simplified the setup process and will manage all functional capabilities from that point forward which means you don’t have to.
FlexPayable has independent banking and non-banking funding sources or we can use funding from one of your existing banking relationships.
While your financial system might provide similar solutions you become responsible for implementing, supporting, and managing all aspect of the program and the technology. With FlexPayable, we manage the technology, the process, and the support of your supplier community which means you don’t have to.
We have deep expertise in the P2P and S2P process and can provide resources to evaluate the opportunity as it exists today, or to work with you to help improve those processes so that managing an efficient payment process becomes possible.
The Wall Street journal reported that companies such as Coca-Cola, Boeing, AT&T, General Electric, Kimberly-Clark, General Motors and Keurig Dr Pepper reported running programs of more than $1 billion in the latest quarter.
FlexPayable provides short, 15 minute live presentations outlining technology, financing, and value proposition.
Schedule a call
