iPayables is revolutionizing the rules of payment terms.

With Early Payment, a customer (or their partner bank) determines an appropriate cost of early payment. The supplier simply selects the date they want to be paid. Advanced algorithms in real time determine the appropriate discount for that supplier and the selected date. The supplier agrees to the discount and can look forward to a payment that meets their schedule.

If for any reason the invoice is not approved by the selected date, the discount is automatically recalculated and the supplier pays less of a discount. If the original due date passes, no discount is charged at all. The customer always gets what they have determined is the appropriate cost of capital and the supplier always knows that they are getting a fair deal. Better discounts for you, the customer, more flexible cash management for your suppliers, and a stronger business relationship overall.