Payables Extension
What is Payables Extension?
Payables Extension allows buyers to prolong the due date of approved invoices.
While it is available as a standalone offering, the funder can incorporate a Payables Extension component within a Payables Finance solution and provide benefits to the buyer and suppliers.
Suppliers get the option to receive early payment for approved invoices at a discount while buyers can extend payment terms to optimise working capital.
Funders then attract and retain clients by providing flexible liquidity options to clients and their counterparties.
How it works
Funders can…
Provide liquidity flexibility to clients
Increased visibility into flow of goods & associated risks
Buyers can…
Optimise working capital
Simplify liquidity management
Why choose Finverity?
Our technology, FinverityOS, makes it easy to build, manage and scale Payables Extension.
There are no complicated manual processes for funders or buyers, and no restrictive limits on what you can do.
Replace outdated, fragmented systems and deliver more revenue, more efficiency, more flexibility with a single digital system for all supply chain finance products.
