z Early Pay Archives - Saltare

Tag: Early Pay

April 22, 2023

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.

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March 16, 2023

Q: Can you tell us a little bit about your business?

A: Sure, I run a small printing company that specialises in creating customised products for businesses and individuals.

Q: What challenges have you faced as a small business owner?

A: One of the biggest challenges has been managing cash flow. It’s tough to balance bills and pay employees while also trying to grow the business. There have been times when I’ve struggled to keep up with demands and invest in new equipment.

Q: Can you tell us about a time when you received support from a customer that made a big difference for your business?

A: Yes, one of my long-time customers, a local marketing agency, offered to pay me upfront for a rush order of custom banners and flyers. This act of kindness and support was just what I needed to get my business back on track. With the cash injection, I was able to pay off my outstanding bills and invest in new equipment.

Q: How did this early payment impact your business?

A: It allowed me to complete the agency’s order on time and to the highest standard. This led to other customers noticing the quality of my work and reliability, and they too began to offer early payments in exchange for faster turnaround times.

Q: How has your business grown since then?

A: It’s grown into a thriving enterprise. My reputation as a dependable and trustworthy printing company spread throughout the community, and I was soon inundated with work from new and existing customers.

Q: What advice would you give to other small business owners who are struggling with cash flow?

A: Don’t be afraid to ask for early payments or support from your customers. It can make a big difference in the growth and success of your business. Alternatively suggest that they use early payment platforms like Saltare. Then you don’t even need to have what sometimes feels like an awkward conversation.

Q: Are there any tools or solutions that you would recommend to other small business owners?

A: Yes, I recently discovered Saltare, an early payment solutions provider. Their platform allows businesses to offer their customers the option to pay early in exchange for a discount or other incentive. This will be a game-changer for my business, as it will help businesses like mine manage cash flow while also providing an added benefit to my customers.

In conclusion, this example of a small business owner’s success story is a testament to the power of community and support in small business. Early payments from customers can make a big difference in the growth and success of a small business. If you’re a small business owner, don’t be afraid to ask for early payments or support from your customers. Additionally, using early payment solutions like Saltare can help you manage cash flow and provide added benefits to your customers.

Talk to Saltare now to see how your organisation can benefit, whilst helping your supply chain. It really is a win win.

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March 2, 2023

Early payment programmes can help buyers and suppliers streamline their operations and reduce administrative burdens. In this blog, we’ll explore how early payments can drive efficiency for both parties, and how Saltare’s early payment platform can automate the early payment process, freeing up time and resources for both parties.

Early payments provide several benefits that drive efficiency for both buyers and suppliers. By offering early payments, buyers can reduce the time and resources required to manage supplier payments or payment queries. Additionally, suppliers can receive payment faster, improving their cash flow and reducing the need to manage overdue invoices.   

With Saltare’s early payment platform, buyers and suppliers can streamline the early payment process. Saltare provides a centralised location for buyers and suppliers to manage their invoices and payments with the simplest communication and reducing the need for chasing (suppliers) or being chased (buyers).  It is estimated that in the UK alone over 900,000 hours per day is spent by SMEs chasing invoices.  This means that their customers are being chased by the same amount of time.

In Conclusion

Early payments provide a range of benefits that can drive efficiency for both buyers and suppliers. By using Saltare’s early payment platform, buyers and suppliers can streamline their processes, reduce inbound activity and focus on their core business operations. More time on value add, more innovation, more growth, more profitability. Why wouldn’t you?

Saltare can help facilitate this.

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February 25, 2023

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.

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August 16, 2022

Early Pay is a unique payment solution that boosts your business, supports your suppliers, and transforms the entire economic landscape. Helping you to create a solid supply chain that is built on confidence and trust. Enabling you to become the customer of choice.

Our ground-breaking digital solution Early Pay, is a quick, and easy way to offer and facilitate early payments. You can provide peace of mind to your suppliers by delivering certainty of payments through automated communications, whilst giving them the option to get paid sooner – and in just 3 clicks.

Watch our short video to find out more.

What’s in it for you?

-A strong supply chain with improved business relationships

-Delivery of tangible social impact throughout your supply chain

-Financial benefits achieved through potential early payment
discounts. Plus operational efficiencies as a result of reduced
inbound invoice queries

-Access to new and valuable supply chain data and insights.

What’s in it for your Suppliers?

-Reduced anxiety as a result of certainty of payments

-Improved cashflow from early payment potential

-Reduced need to secure alternative funding to support
their business

-No more need to chase payments, freeing them up to
focus on customers, like you

Early Pay by Saltare

We improve the flow of cash to the entire supply chain in a way that works for everyone.

How does it work?

Its really smart and really simple…..

Once you’ve approved an invoice, Early Pay will notify your supplier. You can offer to pay early (and choose whether to apply a discount or not). Your supplier can accept the offer if they wish to, in just 3 clicks. There’s no obligation either way, but your suppliers will have the peace of mind of knowing exactly when they’ll be paid

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