What is Payable Financing?
Elevating Bottom Line, Maximizing Profitability and Efficiency
With Payable Financing, businesses can take advantage of discounted costs without disrupting their working capital. With the help of financiers, corporates can pay their vendors early to receive discount benefits while also keeping their cash flow smooth. Corporates can choose to pay the outstanding amount to the funder on the expected due date of the invoices.
Nobody likes late payments. With payable financing, corporates can ensure timely or early payments for vendors. When corporates are punctual on their payments, it develops trust among their vendors encouraging them to offer better services and enhancing the end product quality as well.
Early Payments empower vendors with additional working capital to meet delivery deadlines with quality products by mitigating disruptions caused by the gap between payables & receivables that often hinders the supply chain.
Corporates get discounts from vendors for buying raw materials with early payments, reducing the overall procurement cost while maintaining product quality for their customers in the market. This results in higher profits for the corporates.