Payables Finance
Improve your supplier relationships, extend payment terms and improve margins, all at no cost to you.
FLEXITERM provides a secure way for you to leverage your supplier relationships to delay settlement and enjoy a discount, at no cost.
There are many structures available to you and we will work to find a solution that suits your needs.
How does it work
FLEXITERM overview
1
Order Placed
You place your order as usual. Our integration watches for new purchase orders and submits them to the platform.
2
Order Fulfilled
Your supplier delivers the goods. As you process the goods received, a Goods Received Note is sent to us via the integration.
3
Invoice Captured
You process your invoice as normal. Our integration identifies when the invoice is ready for payment and submits it to the platform.
4
Payment Request
You choose which supplier invoices to settle, if you're entitled to a settlement discount, you can specify that, too.
5
Supplier Paid
Payment Accelerator creates and sends a remittance instruction to the funder, who pays your supplier using your existing references
6
Funder Settled
You pay the Funder on an agreed extended due date for the selected invoices. There are various settlement options to choose from
Invoice value
R50,000
Due to Supplier
R47,500
FLEXITERM Extension
30 Days
Settlement Discount
R2,500
Existing Supplier Terms
30 Days
Due on Settlement
R48,454
* Supplier is paid on day 30. FLEXITERM extension: 30 days. Final payment of R48,454 due from Buyer on day 60. 2% fee per 30 days = R954. Total saving R1,546
What does
FLEXITERM offer?
Improve your supply-chain relationships:
Negotiate better terms with your suppliers as you pay consistently without harming your cash flowExtend your payment terms:
Use your settlement discount to offset the costs of extending the termsCan be completely confidential:
Our funders will settle your supplier without notifying them of your arrangement
Sign up
Sign up using the form below. Most clients don't need extra paperwork!
Connect
Integrate your systems easily with minimal risk or cost we do all the hard work
Inform
We will help you with vendor awareness and how they benefit from PaymentAccelerator.
Sign up now
Why choose Payment Accelerator for your Expenses?
No upfront or ongoing fees
No change to your existing processes
No additional work for your staff
100% online & integrated
Secure and safe
