Payables visibility and the option for on-demand payment
Quadrem’s QuickPay™ is an on-demand financial service for suppliers that delivers faster access to cash – with payables visibility and significant Accounts Receivable (AR) process improvements that directly impact the bottom-line.
Financial Institution (FI) partners finance the transaction at rates based largely on your customer’s credit rating, meaning that you can finance the early payment at a lower cost than your company can qualify for on its own.
All payments facilitated by QuickPay are transacted electronically – providing a fully secure, confidential, reliable, auditable automation of the payment process.
In order to take advantage of QuickPay, your customers must be enrolled in the service. QuickPay is currently available in North America, South Africa and Australia.
- Exercise the option to receive early payment
- Turn buyer-approved payables into cash in as little as one day
- Improve payment visibility, forecasting and reporting
- Lower your cost of financing
- Reduce payment processing costs
- Reduce inquiries and disputes with buyers
- Strengthen your buyer relationships
- Achieve higher return on your eMarketplace investment
Web-based solution – no software to buy or install
- Multi-currency and multi-country support
- Financial institution independent
- Opt-in / opt-out – you choose which invoices to trade and when
- Automated settlement – EFT payments replace paper checks
- Integrates with existing workflow
- Secure confidential and reliable