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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.

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.

Halton Borough Council in North West England has become the first local authority in the UK to adopt a new fintech platform that will allow them to further support their supply chain by paying suppliers early. They will deliver notifications of invoice approvals providing clarity and certainty over payments combined with the option of offering suppliers the choice to get paid sooner.

Using Saltare’s Early Pay platform Halton will make their supply chains more efficient, providing suppliers with certainty as to when their invoices will be paid. As part of an initial agreement, the Council will enrol suppliers onto the platform giving suppliers the option to get paid as soon as an invoice has been approved.

As part of the platform functionality, the Council will also have the option to secure discounts in exchange for early or immediate payment. In return, this will enable the Council to reinvest the savings made into supporting frontline services.

Mervyn Murphy, Head of Procurement of Halton Borough Council says the introduction of Early Pay will help the authority boost its social value within the community, whilst also giving greater autonomy of supply chain relations: “Halton Borough Council recognises the challenges faced by businesses in these difficult times and has always looked for ways to better support them.  We have previously offered early payment solutions in this space, however, Saltare brings something different that complements our other payment options for suppliers. We look forward to providing our suppliers with the opportunity to benefit from Saltare’s Early Pay.”

Ant Persse, CEO of Saltare says that technology has the power to change the way local authorities are able to engage with their communities and supply change: “Early Pay will give Halton the opportunity to further support their supply chain, reducing anxiety faced by many businesses and helping to inject cash into the community at a time when the economy needs it most. We’re looking forward to working with Halton and progressing our partnership.”

Halton will integrate Early Pay within the coming months. Halton suppliers will automatically receive invoice approval notifications and will be given the option of early payment offers, with no obligation to accept, either way. This will provide suppliers with peace of mind in knowing exactly when they’ll be paid, thereby reducing demand placed on the suppliers’ credit control arrangements.