Cleo launched Cleo InvoicePay, an embedded invoice financing solution that helps suppliers unlock immediate cash flow from their invoices.
“Faster access to cash gives suppliers the ability to cover operating costs, strengthen working capital, and reinvest with confidence in their growth,” says Mahesh Rajasekharan, president and CEO of Cleo. “Only Cleo brings together the financial and operational supply chains to ensure suppliers have the necessary cashflows to profitably grow their businesses while strengthening their relationships with their customer ecosystem.”
Key takeaways:
· Cleo InvoicePay accelerates supplier cash inflow by enabling early payment for issued invoices. Instead of waiting net 30, 60, 90, or even 120 days, suppliers using Cleo InvoicePay can receive payments for their invoices within 24 hours, with the click of a button, all from within their usual workflow.
· Cleo InvoicePay is a pure cash flow accelerant solving liquidity challenges for all suppliers, including those who have extended payment terms with their customers. It delivers value by solving liquidity challenges for suppliers while accepting extended payment terms from their customers.
· With Cleo InvoicePay, suppliers can choose the specific invoices they want to get paid faster and receive up to the entire value of their invoice value (less fees) upfront, which gives immediate access to working capital without altering customer relationships.
