Why would we implement the Vendor Insta Pay program at our company?

Immediately improve your Cash Flow with Vendor Insta Pay

This is a great question, although there are different reasons for each company agenda…

It’s no secret, in light of today’s economic climate traditional banks have either cut off or severely tightened lending guidelines.  As a result, access to adequate financing going forward will be at best limited.

Introducing, the Vendor Insta Pay program that unlocks on going access to working capital, improves cash flow and enhances internal cash on cash returns and profitability.

Discover how to be a good company in a bad economy.

Below are just a few of the benefits VIP funding will bring to your business.

• Profitability: It is n0 secret to financial officers that having the use of internal dollars for longer periods of time results in more profits.  Example:  A company who was paying their vendors in 30 days utilizes our VIP Program to have us pay their vendors in one day.  They then reimburse us in 60 days.

• Profit Center: Often, the Vendor Insta Pay program may be implemented in a way which allows us to share the discount with you.

• Diversity: One of our clients has an agenda to increase their list of active “Disadvantaged – MWBE/Small Businesses” but doesn’t want to change their cash flow management formulas to do so.  Many of these disadvantaged small businesses could not afford to do business with our client under “Net 60 day payment terms”.  The Vendor Insta Pay program helped them pay their “Diversity Vendors” within one day, resulting in additional bids from minority and disadvantaged firms.

• Cost and Affordability: Some of our clients went to their bank to request a similar program.  While the financial institution was willing to execute such a program, there was a substantial cost as well as decrease in capitalization “availability” to our client as their financial institution treated the program as a lending line.  The Vendor Insta Pay Program is unsecured and is put in place at no cost to you

• Care: Many companies simply want to help their vendors.  However, while the desire to help is there, it is simply not in their best interests to pay their vendors on a C.O.D. or with terms of  “Net 1 Day”.  Therefore, using our money to do so makes economic sense, especially when you can use our money at no cost to you.

• Improved Supply Line: Many companies manage inventories on a “just in time basis” and rely on vendors to insure timely delivery of goods and services.  By implementing the Vendor Insta Pay program companies can insure immediate payments to vendors therefore improving their cash flow.

How does the Vendor Insta Pay program benefit my company?

Great Question…   You can implement VIP at no cost to you, and the Vendor Insta Pay program enhances your profitability.  In addition, the VIP gives you a no-cost credit facility to prompt pay your vendors.   Vendors will put you on their preferred customer list insuring timely delivery and favored treatment.   We provide a no cost funding option to your company, and the choice to opt in to our quick payment solution rests with your vendor.   This is truly a WIN-WIN program for everyone involved.

Does the VIP program take over my accounts payable department?

NO!  all accounts payable will be handled in the way that you manage them at this time.  There are only two changes that your AP department will need to make.   First, Change payable terms to the new “VIP cycle”, and second change the remit to address.  That’s it…

When your company recognizes invoices as an accounts payable, that data can be quickly and easily electronically sent to us to pay your vendors immediately.   It is a very simple process.

Will my company need additional accounts payable personnel to manage the VIP program?

NO!  In many cases the accounting department receives less calls from vendors requesting payment information.  Our clients find the Vendor Insta Pay program saves save time, money and resources.

Is it really that easy to implement?

YES!  We may have your program up and running within days…

For more information contact:

Darren Grady

Arizona Office

Troon Funding Services

480-239-9879

Darren@TroonFunding.com

New York Office

877-836-3670  ext 235

Darren@VendorInstaPay.com