Vendor Insta-Pay for Buyers

Maximize cash on hand.

It’s a classic cash flow disconnect: when a vendor delivers their goods/services, they would like to be paid as quickly as possible and often offer a discount for early payment. Conversely, as a buyer, you would prefer to wait as long as possible before paying to maximize cash flow.

Vendors are sometimes unable or unwilling to offer extended payment terms, while you’re tasked with strategically managing accounts payable and your balance sheet to ensure optimal cash flow efficiency. What if you could pay your suppliers and retain just the right amount of cash on hand? Millennium Funding can help you do that with Vendor Insta-Pay.


How it works

We pay your bills upfront; you get the advantage of extended payment terms to bridge the cash flow gap and the freedom to act on opportunities that keep you competitive.


Advantages

  • Benefit from extended payment terms at no cost to you
  • Able to support all your suppliers
  • Strengthen relationships with suppliers
  • Preserve working capital
  • Simplify accounts payable 
  • Available to start-ups through mature companies
  • Easy-to-use platform that’s quick to implement
  • No disruption to your supply chain

FAQs

Q. What is Vendor Insta-Pay for Buyers?

A. It’s an innovative payment system that streamlines the accounts payable process. We pay your bills upfront; you get the advantage of extended payment terms to bridge the cash flow gap and the freedom to act on opportunities that keep you competitive.

Q. What are the financial benefits of using Vendor Insta-Pay?

A. It’s an off-balance sheet solution that helps you achieve desired debt-to-capital ratios which can impact existing bank relationships and the financial health of your company.

Q. Who is Vendor Insta-Pay geared toward?

A. Vendor Insta-Pay is tailored for middle market suppliers and delivers the same supply chain financing benefits previously available only to investment grade companies.

Q. How long are your extended terms?

A. Up to 90 days.

Q. What is the fee?

A. There is no fee to the buyer. Should the supplier choose to receive an early payment, the supplier will receive a payment with a slight discount.

Q. What initial documents do you need?

A. A completed application. We will follow up with a phone conversation and product demonstration.

Q. Do I have to sign a personal guarantee?

A. No.