z February 2023 - Saltare

As a Senior Executive you’re always looking for ways to improve your bottom line and create a more sustainable and socially responsible organisation. One strategy that can help you achieve both of these goals is early supplier payments. By paying your suppliers early, you can achieve cost savings, improve your reputation, and create social value. And with Saltare, a financial technology platform that facilitates early payments to suppliers, achieving these benefits has never been easier.

Cost Savings

One of the most significant benefits of early supplier payments is cost savings. Many suppliers offer discounts for early payments, which can add up to significant savings for your business over time. By using Saltare to facilitate early payments, you can take advantage of these discounts without having to manage payments manually.

Improved Reputation and Social Value

Early supplier payments can also help to improve your organisation’s reputation and create social value. When you pay your suppliers promptly, they are more likely to view your organization as a reliable and trustworthy partner, which can lead to improved collaboration and more favorable terms in the future. Additionally, early payments can help to support the sustainability of your suppliers’ businesses, contributing to a more sustainable and socially responsible business ecosystem.

Operational Efficiency

In addition to cost savings and improved reputation, early supplier payments can also improve your operational efficiency. By using Saltare to manage your supplier payments, you can simplify your payment processes and reduce the workload associated with managing payments manually. This can help to free up your time and resources, allowing you to focus on other critical areas of your business.

Real-Time Data Insights

Saltare’s platform also offers real-time data insights that can help you make informed decisions about your supplier relationships. By analysing data related to your supplier payments, you can identify areas for improvement, such as suppliers who consistently require early payments or who don’t offer discounts for early payments. This can help you to optimise your supplier relationships and achieve even greater cost savings over time.

Partner with Saltare Today

At Saltare, we’re committed to helping businesses achieve financial, operational, and data benefits while creating social value and enhancing their reputation. We believe that every business deserves the opportunity to see their supply chains benefit, which is why we’re keen to work with any organization that shares our vision. By partnering with Saltare, you can achieve cost savings, improve your reputation, and create social value, all while simplifying your payment processes and optimizing your supplier relationships. Contact us today to learn more about how Saltare can help your business achieve its goals.

Early payment programmes can provide financial benefits to both buyers and suppliers, such as improved cash flow and reduced costs. In this blog, we’ll explore how early payments can create financial benefits, and how Saltare’s early payment platform can help buyers and suppliers achieve these benefits through flexible payment terms.

Early payments offer several financial benefits for buyers and suppliers. For buyers, early payments can provide discounts, optimises cash and improve profitability. Suppliers can benefit from improved cash flow, reducing the need for costly financing options.

Saltare’s early payment platform offers complete flexibility regarding when a supplier wished to get paid and in the simplest way. It also saves them from spending on non-value add activity like credit control, by notifying when a payment is going to be made. The platform enables buyers to offer early payments to suppliers whist ensuring they see a reasonable return on their cash. This means that suppliers can potentially benefit from the attractive finance rates of their much larger clients reducing the need for costly financing options.

The buyers will also see the cost benefit of efficiencies driven by them not needing to fund a the non-value add activity associated with managing inbound payment queries.

In short, by using Saltare’s early payment platform, buyers and suppliers can take advantage of flexible payment terms to improve their cash flow and reduce costs.