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
- Free up cash
- Diversify funding sources
- Automate accounts payable
- Improve supplier relations
- Eliminate time and cost of managing payables
- Off balance sheet treatment
- No collateral is required
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- Receive immediate payment at a low discount
- Certainty of payment
- Attractive discount rate
- Non-recourse
- Automate accounts receivable
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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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