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Need Cash for Your Company – At No Charge to Your Company?
Through our Vendor Pay (VP) Funding Program, your company uses your Accounts Payable as a Profit Center, allowing your participating vendors to take advantage of prompt payment discounts using our financial resources. We pay your vendors immediately, less the vendor prompt payment discount negotiated by us, at no out of pocket cost to you. We do all the negotiating of discounts with your vendors, freeing up your accounts payable staff of that task. Then, your company will reimburse us in the agreed upon terms for those vendors, taking advantage of the Vendor Pay program. In short, the vendors choosing to “opt-in” get what they want – “Instant Cash Flow,” and you maintain or improve payment terms with longer use of free working capital. In addition, if you reimburse us earlier than the agreed upon terms, you can share the vendor prompt payment discount.