Improving Supply Chain Relationships with Automated Early Payments...

Improving Supply Chain Relationships with Automated Early Payments Solutions

By CFO Tech Outlook | Monday, July 29, 2019

Supply chains are now effortlessly automating payments with the advanced automatic payable solutions.   

FREMONT, CA: The global payables automation company, Tipalti introduces its new offering NetNow, which is a for-the-supplier payments offering that enables accelerated transactions, thereby improving supply chain relationships and management. The latest offering can add value to the financial aspect of projects by allowing faster access to funds for suppliers in a frictionless manner. 

NetNow does not require any changes to the existing payables processes that companies have. The new product fits into the existing scheme of things and does not impact the working capital at all. Everything from the workflows to the regular payment schedules remains the same. Rather, NetNow enables risk-free advance payments to payees with the help of its financial partners. Suppliers have the benefit of automated onboarding and instant access to cash. The product also minimizes time and paperwork requirement through a single early payment agreement.

By incorporating optional discounts, NetNow delivers benefits to suppliers. The offers are based on Tipalti’s proprietary data modeling. Using the Supplier Hub, suppliers are automatically notified of inbound payments and offers which they can accept or reject. NetNow works with several payment mediums. 

Tipalti's automated payables platform is highly optimized and provides tools and solutions for supplier management, automatic and accurate invoice management, safe and global electronic payment methods, financial reports, multi-entity support, better financial control and security and secure cloud infrastructure. With the addition of NetNow onto the platform, the company has now created a chance for its customers to forge better supply chain relationships.

Check this Out:Top Supply chain Management Companies

Operating from a secure cloud platform, Tipalti entitles its customers to a range of payable automation solutions. The company, through its valuable solutions and services, reduces the workload of its customers by making payments simpler and faster. It has been serving clients from around the world and helping in streamlining payments to craft holistic experiences.   

Few Supply chain companies:Infor , Savant Software , Softeon

 

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