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.
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.