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EARLYPAY®

Invoices Paid on Approval


SCHEDULE A CALL FOR MORE INFO

EarlyPay enables suppliers to accelerate collections by getting paid when
invoices are approved.

Getting cash faster, can help you:

 * Meet your cash needs
 * Make payroll
 * Pay your vendors faster
 * Hire new employees
 * Invest in your business




HOW IT WORKS



Most suppliers have an average days sales outstanding (DSO) of 45 to 50 days
which varies by customer and industry.  For public sector customers, the average
DSO is 54 days.    

When invoices are received by your customers they typically go through an
internal approval process which varies in time. On average invoices are approved
in 15 days.

With EarlyPay you get paid immediately upon invoice approval – improving DSO on
average by as much as 30-40 days. Early Pay also creates a valuable incentive
for customers to speed up approval time. 

How does it work?  Customers upload a data file every night from their Accounts
Payable system with all outstanding invoices.  When an invoice is approved,
payment is triggered to you through EarlyPay.  It’s that simple. 

TO SIGN UP NOW, CLICK HERE




EARLYPAY
EASY TO SIGN UP AND NO CHANGES REQUIRED


1
Sign Up for Early Pay
2
Submit Invoices the same as you do today - No process change required
3
Customer approves invoices and passes them to PaymentWorks
4
Start getting paid early


PAYMENTWORKS IS USED BY MORE THAN 100 PUBLIC SECTOR ORGANIZATIONS

Higher Ed, Healthcare, State & Local Government






EARLYPAY IS A HIGHLY DIFFERENTIATED AND INNOVATIVE PAYMENT SOLUTION WHICH
ENABLES YOU TO GET PAID FASTER.







EARLYPAY VS. FACTORING



Factoring companies usually advance 80% of the invoice value and charge 2% per
month.  Suppliers have less control over when they get paid since your customers
are required to pay the factor, before you get paid (for the remaining 20%).




EARLYPAY VS. VIRTUAL CREDIT CARDS



Virtual Credit Cards do not accelerate payment and charge suppliers 2.5% or
more.  Instead of receiving an ACH payment, suppliers receive an email with a
card number and are required to submit them for payment.

 EarlyPayVirtual CardsFactoringGet Paid EarlyLow Transaction FeesPay for
performance
(only pay a fee when payment is accelerated) Keep your current billing
process


GET STARTED TODAY

Click the link below to get started


BOOK A TIME TODAY TO DISCUSS YOUR EARLY PAY® OPTIONS




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