EzyPayment

Highlights

Key Features

Buyers Enjoy Up To 60 Days' Interest-Free Credit
With EzyPayment, buyers can optimise cash flows by extending their credit terms and interest-free.
Suppliers Can Receive Payments within 3 to 5 Working Dayss
EzyPayment solves payment collection pains by enabling suppliers to receive payments within 3 to 5 working days of invoicing, much reducing credit risk & recourse.
Automatic Early Payment Discount Factoring
Early Payment Discounts can be negotiated & included in every transaction to achieve savings of payables.
Secured Transactions
Transact with peace of mind as EzyPayment conforms to the highest security, stability and integrity standards demanded by the banks (EzyPayment is PCI DSS compliant) and is subject to yearly audits.
Integrated to E-Invoicing Framework Adopted by the Singapore Government
Seamless payment integrated with e-invoicing and in compliance with PEPPOL BIS 3.0 standards.
EZY Accounts Reconciliation
EzyPayment automatically generates real-time payment and remittance advices based on invoice level to ease payment reconciliation work processes.

Benefits

What EzyPayment can do?

Automate
Accurate AP reconciliation using proprietary OCR technology for ease of mind.
Simplify
Single window clearance for all suppliers and service payments with no data entry.
Connect
Seamless data flow to/from any ERP and accounting system.
Unlock
Extend your credit terms while enjoying negotiation power to avail early payment discounts.

What EzyPayment can do for your business

Example of a Typical Restaurant

3-outlet mid-range cuisine operator | Monthly payables: $50,000.00

Company pays up based on usual 30 days terms through cheque to suppliers, with no leverage for early payment discounts.

Early Settlement Discount: N/A
Loan Service Fee: 0.00%
Cheque Clearing fee: $900.00

Total Payables per annum: $600,900.00
Cash-flow: 30 days

Company pays to suppliers via EzyPayment, ensuring suppliers receive funds within 5 days while enjoying 60 days terms from the bank.

As suppliers are getting paid on “cash terms”, Company R now enjoys 3% early payment discounts from suppliers.

Early Settlement Discount of 5%: ($30,000.00)
Business Service Fee (2% / transaction): $12,000.00
Transaction Clearing fee: N/A

Total Payables per annum: $558,000.00
Cash-flow: 60 days

TOTAL SAVINGS:
$42,900.00 / ANNUM

Process Flow

Tokenised virtual card is set up for a buyer and lodged in system.

Invoices are captured on platform or via integration with existing ERP or accounting system.

Select due invoices to pay.

Suppliers will receive payment within 3 to 5 working days, while buyers enjoy up to 60 days of interest-free credit.

Would you like to source seamlessly at the click of a button?