z April 2023 - Saltare

As a large business, you know how important it is to maintain a reliable supply chain. Your success depends on the success of your suppliers and partners. But what happens when your suppliers are struggling with cash flow and unable to deliver their products or services on time? That’s where supporting your supply chain comes in.

Supporting your supply chain means working with your suppliers to ensure their financial stability and success. This can involve providing early payments and offering resources to improve their operations. By supporting your supply chain, you can ensure that your organisation will be more effective, maintain strong relationships with your partners, and even gain a competitive advantage.

One way to support your supply chain is by offering early payments. Early payments can help your suppliers manage their cash flow and reduce financial stress. However, implementing an early payment system can be complex, time-consuming, and costly. That’s where Saltare comes in.

Saltare is an early payment platform that enables large businesses to deliver early payments to their supply chain partners in the simplest way possible. With Saltare, you can provide early payments to your suppliers in just three clicks, without tie-ins, complex contracts, and all whilst providing them and you the insights needed to enhance your respective organisations. This allows you to provide critical financial support to your suppliers quickly and easily.

Saltare provides suppliers and you complete choice transparency, meaning your suppliers can choose which invoices to be paid early. This ensures that your suppliers have control over their own finances and can make the best decisions for their businesses.

With Saltare, you can support your supply chain in a way that benefits both your business and your suppliers. By offering early payments, you can improve your suppliers’ financial stability, reduce delays in your supply chain, and strengthen your partnerships. Additionally, Saltare’s simple and transparent platform makes it easy for you to implement an early payment system without the complexity and cost associated with traditional solutions.

In conclusion, supporting your supply chain is essential for the success of your business, and providing early payments is an effective way to do so. Saltare’s early payment platform makes it easy for large businesses to deliver early payments to their supply chain partners in just three clicks, with complete choice transparency and without tie-ins, complex contracts, or limited visibility. By using Saltare, you can support your supply chain and gain a competitive advantage in your industry.

Early payment programmes can support social responsibility and sustainability goals, such as supporting small and diverse suppliers. In this blog, we’ll explore how early payments can drive social value creation, and how Saltare’s early payment platform can help buyers and suppliers achieve these goals.

In the simplest form early payments can support social responsibility and sustainability goals by helping small and diverse suppliers. Early payments can provide small suppliers with the working capital they need to grow their businesses, which can support job creation and economic development in local communities. They can also reduce anxiety associated with late payments. Additionally, early payments can help diverse suppliers gain access to capital, reducing barriers to entry and promoting greater diversity in supply chains.

Buyers with a focus on social value creation can also reward suppliers for positive social value impact by offering to pay them early which can be in exchange for a smaller or even a zero discount.

Saltare’s early payment platform makes this extremely simple. Buyers can segment supplier groups, applying flexible discount rules for paying differing supplier cohorts early. Suppliers can choose to take an early payment with complete choice. Regardless of whether they take the payment they can rest safe in the knowledge that their payment will be made and by when.

Saltare doesn’t discriminate by supplier size, industry, location or risk profile, resulting in everyone benefiting.

Early payments can support social responsibility and sustainability goals by helping small and diverse suppliers. By using Saltare’s early payment platform, buyers can support these businesses by providing them with the working capital they need to grow and thrive. This allows them to reinvest in communities, job creation, innovation and ultimately a better service provision to their customers.