Background Image
Previous Page  10 / 16 Next Page
Information
Show Menu
Previous Page 10 / 16 Next Page
Page Background

800-422-5995

11

BidPay®

addresses a common challenge faced

by many suppliers accustomed to the traditional

supply-chain financing model where buyers lean

heavily on suppliers’ willingness and ability to provide

trade credit. In the traditional business model, your

suppliers must tie up valuable working capital or

borrow from external funding sources to finance

receivables arising from their extension of trade

credit to you.

BidPay®

technology transforms the outdated static

model. Your credit-constrained suppliers are able to

obtain payment on demand directly from you at a

small discount through

BidPay®

auctions after their

invoices are approved and uploaded to the

BidPay®

auction portal.

When your credit-constrained suppliers are

preoccupied with managing limited financial

resources, they become distracted from tasks

like quality control and on-time delivery.

BidPay®

provides a reliable source of spot liquidity for your

cash- and credit-constrained suppliers. Supplier

dependence on unreliable and restrictive funding

sources is minimized.

BENEFITS

FOR YOUR

SUPPLIERS

All suppliers, irrespective of their size, industry

segment, financial condition, or geographic location,

have access to

“payment on demand”

from any

participating

BidPay

®

buyer.