TURN

YOUR

PAYABLES
 
INTO

A

PROFIT

CENTER!

VIP Immediately Pays Your Vendors At No Cost To You!

There is a fundamental disconnect between most companies and their vendors.

Once a vendor delivers their goods and/or services, they would like to be paid as quickly as possible.  Conversely, most accounts payable officers like to wait as long as they can before paying invoices received from their vendors.  This payment delay makes their company more profitable as it enables them to use their money for a few more cycles before the inevitable pay out.

To remedy this situation, most vendors offer a discount for prompt payment.  Unfortunately for both, very few companies take advantage of the discount offer.

The Vendor Insta-Pay Program (VIP) allows you the ability to (have us) pay your chosen vendors one day after their invoices are approved by you without using your money and at no cost to you.  You can then wait to pay (us) on an agreed upon timetable. 

How do we do this at no cost to you?  The prompt pay discounts offered by your vendors will pay for the program.  Often times, we can structure the program such that a portion of the discount is shared with you.

Implementation is easy:
(a) We work with you to define the vendors to whom this program will be offered;
(b) Vendors are offered the program for opt-in;
(c) We define a new payment term with your accounts payable manager for the vendors who opt-in (instead of “Net 30” or “Net 60,” we create “VIP’);
(d) We pay your vendor in one day less the prompt pay discount;
(e) You then reimburse us on an agreed upon timetable. 

The whole program is implemented in days and requires no additional human resources.

Interested?  CONTACT US TODAY!