Supplier Invoice Financing Solution
Cleo has launched Cleo InvoicePay, an embedded invoice financing solution that helps suppliers unlock immediate cash flow from their invoices.
The solution helps accelerate 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. The solution is available to any supplier transacting business through Cleo’s Web EDI Fulfillment Portal and Supplier Portal solutions.
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 them immediate access to working capital without altering customer relationships. Financing within the solution is powered by Cleo’s financial partner, Kanmon, a licensed commercial lender.