Unlock the profit potential in your streamlined Accounts Payable function
As Chief Financial Officer, you know your organization spends a lot of money on goods and services every year. You know that level of spend is an asset and you want to leverage it to the fullest. You’ve done the work to streamline your invoice processing and now you are in control of when you make payments to suppliers. So now it’s time to use that advantage to benefit your organization in a way that makes a real and visible bottom-line impact. It’s time to transform Accounts Payable from a back-office function to a true income-generating engine.
Hear how a range of organisations have recouped vast amounts of wasted time, talent and cash using PROACTIS Spend Control and eProcurement.
Earn supplier discounts for early payments – when you want to
With the PROACTIS Accelerated Payment Facility (APF) you can offer all your suppliers the opportunity to receive early payments in exchange for discounts on invoice amounts. Then you can decide if, when and to what extent you want to participate in that early payment and discount. When you want to internally finance early payments with your own working capital, you can do so to earn an above market rate of return. When you want to hold your payments as long as possible, you can do that too – and we will finance the early payment through our 3rd party source. Or you can participate in any given transaction to whatever extent you wish.
It’s always up to you based on how you want to use your working capital at any point in time.
Enhance supplier relationships by helping them with cash flow – when they need it
Once registered for the Accelerated Payment Facility (APF), suppliers can decide if they want to take early payments on an invoice-by-invoice basis.
It’s a tremendous tool for them, just as it is for you. When cash flow is tight for a supplier, they can simply request early payment in return for a clearly stated discount. It’s always available to them and always their choice.
No setup fee, no complicated documentation, cash received same day or next working day. Suppliers will appreciate the flexibility you’ve offered them and consider you to be “easier to do business with” than ever before.
Just turn it on and watch the income flow
The PROACTIS Accelerated Payment Facility (APF) couldn’t be easier. We provide all the technology, day-to-day management and 3rd party financing.
We can even help you reach out to suppliers to explain the benefits and how easy it is to participate. All you need to do is decide when you want to take the discounts with internally financed early payments and when you don’t. It’s as easy as that – a new source of income with virtually no effort and no risk at all.