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Vendor Insta-Pay (VIP)
 
Have Your Vendors Paid In 1 Day Using Our Money At No Cost To Your Company...

Let us show you how you can differentiate your company from the rest by offering your best vendors the capability to get paid immediately after delivering their goods and services to your company at no cost to your company only impacting your company’s cash flow in a positive way. 
Once a vendor delivers their goods and/or services, they would like to be paid as quickly as possible. Conversely, most accounts payable officers like to wait as long as they can before paying invoices received from their vendors. This payment delay makes their company more profitable as it enables them to use their money for a few more cycles before the inevitable pay out.  To remedy this situation, most vendors offer a discount for prompt payment. Unfortunately for both, very few companies take advantage of the discount  offer.                                                                      
The Vendor Insta-Pay Program (VIP) allows you the ability to (have us) pay
your chosen vendors one day after their invoices are approved by you without
using your money and at no cost to you. You can then wait to pay (us) on an agreed upon timetable.  How do we do this at no cost to you? The prompt pay discounts offered by
your vendors will pay for the program. Implementation is easy:
  1. We work with you to define the vendors to whom this program will be offered
  2. Vendors are offered the program for opt-in
  3. We define a new payment term with your accounts payable manager for the
        vendors who opt-in (instead of “Net 30” or “Net 60,” we create “VIP’)
  4. We pay your vendor in one day less the prompt pay discount
  5. You then reimburse us on an agreed upon timetable. The whole program is implemented in
        days and requires no additional human resources.

        
 

 
Program Advantages:
 

Pacific Coast Funding and the Vendor Insta-Pay (VIP) Program can grant the following advantages:

  • Increased profitability
  • Improved Internal Rate of Return (IRR)
  • Use our money at no additional cost
  • No Liens - No loan is established
  • Vendors become more profitable when they get paid promptly and may offer better    

              prices

  • Attract smaller/Minority/Disadvantaged vendors who need quick payment (Quotas)
  • Reduction of calls to the Accounts Payable department
  • Improved your company vendor relationship
  • The process is simple and the implementation is easy!


    FREE, No Obligation Consultation!

    Contact a Pacific Coast Funding expert today at (650)988-8035 for more information to discuss your questions.