SCPay helps companies streamline supply chain account management and payment into one standardized step. SCPay takes care of supply chain invoice management and payment while allowing users to retain full control over supplier accounts through an automated, reliable and fully compliant cloud-based system. Benefits of this program include improvement of supplier loyalty, retention and viability. Decreased workload in supply chain management and payment as well increase in working capital are major advantages to the program.
SCPay provides a way to standardize accounts payable terms and reduce internal administrative and accounting costs while providing early payment on approved supplier invoices. Existing credit lines stay in place and various bank partnering options are available while there is no disturbance to existing bank security.
Source: Finextra
