FlexPay

Flexpay Overview

Optimizing your financial supply chain is the next step in realizing significant supply chain efficiencies. Leveraging either or both of Trusted Bills or Trusted Settlement, FlexPay enables you to effectively take advantage of early payment discount programs, look to extend your payables, sell receivables or a combination of all.

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Products

KwikCash - Factoring and other accounts receivable-based working capital solutions are very useful but often expensive. Leverage FlexPay in combination with Trusted Bill and Trusted Settlement services to enable the conversion of your receivables into cash within 48-hours of proof of delivery or on-demand, at a more favorable cost than current market solutions.

KwikPay - Early payment discount programs are well established and beneficial however often underutilized due to delays in the invoice review and approval process. Leverage FlexPay to accelerate the approval process and access early payment discounts funded by you, us or our financial partners.

XtendPay - Providers can often not afford to continue to lengthen payment terms and fund your business however being able to do so is important to you. Leverage FlexPay to enable extension of your payment terms without renegotiating your contracts.

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Benefits

FlexPay reduces risk enabling new options for suppliers, logistics service providers and their customers to disaggregate the settlement process from the cash flow. Specifically, FlexPay drives:

  • Opportunity to convert receivables into cash at an interest rate that is below the cost of most ABL lines or factors with no covenants at a higher percent of invoice value
  • Opportunity to tap into early payment discounts when you can't process the invoice fast enough today
  • Improved cash flow and working capital by extending payment terms to suppliers without renegotiating contracts
  • Inclusion of logistics invoices in logistics finance solutions with little partner on-boarding and setup cost leveraging

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