Why Paygevity?
Paygevity offers Buyers a risk-free way to pull working capital out of their supply chain. Buyers never use their own cash to pay suppliers immediately. Neither the Buyer nor the Supplier incurs debt. Buyers have 100% control over their SCF program without spending much of their time. PromptPay offers access to our broad network of financial institutions to get the most attractive discount for your suppliers. You set the terms and our PromptPay system does the rest.
Benefits of a Paygevity Supply Chain Finance Program
Buyers
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Suppliers
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Third-Party Financial Institutions
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- Extend days payable outstanding
- Significantly increase cash flow
- Improve supplier relationships
- Automate accounts payable; eliminate time and cost of managing payables
- Off balance sheet treatment
- No collateral required
- Easy implementation
- Diversify funding sources
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- Immediate payment at a low discount; improve cash flow
- Certainty of payment
- Attractive discount rate
- Non-recourse
- No lending. No factoring. No liens. No personal guarantees. No paperwork.
- Automate accounts receivable; lower costs and hassles
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- Access to a new working capital asset class
- Scalable and revenue-recurring asset class
- Short-term corporate credit risk (recourse to Buyers, not Suppliers)
- Floating rate, senior unsecured pricing
- Trade credit insurance protection options
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Paygevity’s incentives are always 100% aligned with both Buyers and Suppliers! Low discounts to Suppliers and high Supplier opt-ins release the most cash for Buyers!
