Paynet Reduces Financial Costs with Supplier Payment Solution

All businesses need to pay most attention to cash flow in a high inflationary environment. This is why receivables management is at the top of companies' priority lists. In economies where prices are stable, forward buying and selling transactions do not pose much risk for businesses, but in economies where inflation is high, this model loses its functionality. Companies whose cost of replacing the product increases day by day; When they receive their payments in long terms, their cash flow deteriorates and their working capital weakens. This situation sometimes brings companies to the point of terminating their existence.

All Stakeholders Gain Significant Competitive Advantage

Paynet, a leading company in Turkey's payment systems sector , supports businesses in this area with its Supplier Payment solution, facilitating easy payments to suppliers. With the Supplier Payment solution, Paynet member companies can pay for products and services from their suppliers using credit cards with installments up to 18 months. Furthermore, while the companies make installment payments, their suppliers receive the full payment immediately upon maturity. This allows businesses to keep their suppliers happy without any cash outflow from their own accounts.

Offers Payment Opportunity in Up to 18 Installments

Paynet member businesses can use the Supplier Payment solution via PayPortal. With the solution, which also offers the opportunity to make payments from all commercial cards, payments of both suppliers and dealers can be managed and reported separately from a single screen. The solution, which has a payment option of up to 18 installments as well as a single payment, can be easily integrated into ERP and CRM systems if the company wishes.

Cash Flow Becomes Fast and Secure

At a time when maintaining cash flow is critical for all businesses, the Supplier Payment solution stating that it has an important mission Paynet Deputy General Manager Responsible for Product Management, Marketing and Business Development Hakan Kocaturk, continues his words as follows: “There is a fundamental problem in supplier payments. While companies purchasing products want to set a longer maturity, the supplier company wants to receive payment quickly. While the company purchasing the product pays in installments via company credit card, the supplier receives payment immediately. In this way, we make the supply chain process faster and more efficient by offering the solution that both parties need. As a result, buyers' payment flexibility is provided and suppliers' cash flows become faster and safer.”

About Paynet

With more than 20 years of industry experience, Paynet is among Turkey's leading companies in payment systems. Paynet, whose seeds were laid with the idea of ​​installment collection for all credit cards in the dealer channel, is today a leading and Central Bank-licensed financial technology company that digitalizes the financial processes of more than 32.000 businesses operating in different sectors. Paynet; With its innovative and reliable solutions such as contactless payment via QR code and PayPOS, payment by credit, card storage, regular payment and Supplier Payment, Link enables member businesses to manage their payment flow easily, without space and time limitations.

Source: HORECA Trend and Paynet