Turn payments into cash with FinexioCash™
With traditional sources of liquidity constrained, imagine the possibilities that come with transforming your payables into a cash opportunity.
It’s time to rethink your payables...
With FinexioCash™
Say goodbye to traditional payment terms
Pay suppliers on invoice approval, accelerating payments, and earning a rebate while enhancing your suppliers’ financial health and loyalty
Keep your cash on your balance sheet
On tap third-party funding for early payments to keep cash on your balance sheet
Slash your workload by automating payments
Say goodbye to paper forever. All payments are managed through Finexio’s digital payment channels and directly deposited into your suppliers’ accounts
Unlock cash with optimized payments
Easily extend terms to free up cash and improve your balance sheet with our “white glove” team managing all the details
Frequently Asked Questions
If you are engaged in a dispute that cannot be resolved within eight days of receipt the invoice must be removed from the early payment program.
For the program to work and for your suppliers to get paid inside 10 days from receipt of invoice, it’s required that you share approved invoices with us on a daily basis.
There is no upfront fee for this solution. Our business model is based on benefitting from the early payment discounts. However, we reserve the right to charge a fee for helping you implement a payment terms extension with your suppliers if this is undertaken by the Finexio team.
Your suppliers are charged a 2% fee in exchange for payment within 10 days from receipt of invoice. This is in line with credit card fees but with the additional benefit of getting your suppliers paid much faster. The funds are deposited directly into their bank account without the cost or hassle of paper checks.
No. We can pay approved invoices early using our funding, or we pay them at maturity using your funds.
We compare your vendor payment terms to the industry standard in use by your peer group. We then run an analysis to determine if the new terms will have a cash benefit to your business and what amount.. An easy way to start is by using our online cash flow calculator. Or, if you want a more detailed assessment one of our sales team will be happy to help.
A Matter of weeks. It’s really down to how fast you want to work. Typically, we agree which suppliers to include in the program and enroll them in your name. Then you send us a daily file of invoices for the approved suppliers within eight days from receipt of invoice.
If you want to extend payment terms this aspect of the program typically takes longer as we work together to identify which suppliers should be included, and then undertake outreach on your behalf and establish your suppliers on new payment terms.
We pay your suppliers through automated ACH with the funds being deposited directly into their banks account.
You commit as part of the contractual program terms and conditions to pay all approved invoices that have been paid early by us at invoice maturity, at the full amount and on time.
The key difference between a V Card program and FinexioCash is that with this program your suppliers have the opportunity to get paid faster while you can take longer to pay. This means that both you and your supplier put additional cash onto your balance sheets.
