Supplier Benefits
- Opportunity to gain new business and/or retain competitive advantage in the marketplace
- Payment in 2 - 3 days instead of 45 - 90 days*
- Improved cash flow and opportunity to invest money elsewhere
- Preferred vendor status
- Stronger partnerships with clients
- Faster more efficient buying process
- Electronic authorization of purchases at point-of-sale or virtual terminal
- Possible elimination of invoice processing as well as reduction in postage, invoicing/statement, resources
- Possible reduction in administrative costs associated with billing and collections
- Supports business-to-business E-commerce on-line initiatives
- Support of complete electronic commerce work flow cycle for suppliers who have or will have on-line catalogs (electronic purchase to payment).
*Supplier benefits may vary
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