EarlyAce's SaaS platform that allows companies to dynamically negotiate and accept discounts with all their suppliers in exchange for early payment.
The companies maximise their savings and their suppliers get access to early payment on demand from their customers.
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Earlyace’s vision is of collaborative and efficient business supply chain networks.
Typically large businesses pay their suppliers in 60 – 90 days. Holding cash costs these businesses and is a missed opportunity to make a return. In the meantime, suppliers have to use expensive forms of financing while they wait to get paid. This is inefficient.
Instead of waiting to pay their suppliers, businesses can ask for early payment discounts. This results in a higher return than holding the cash, maximises cost savings and strengthens the supply chain.
EarlyAce automates this whole process. Our platform can process thousands of suppliers and invoices in a few clicks. New invoices is automatically added and all supplier discount offers dynamically adjusted and compared to each other in real-time. EarlyAce’s algorithm selects the best invoices to pay early.