Large organisations want to simplify and automate the accounts receivables cycle and cash flow management to maximise operational savings and cash discounts on prompt payments, without negatively impacting cash flow.

Based on CashFac cash management solutions, tapX enables major corporates to provide suppliers with low cost discounting of trade payables/receivables and automated payment/ receivables execution, remittance advice delivery and supplier query handling.

Corporates can extend payment terms, or take a share in the discounting benefits, while accelerating suppliers’ cash flow. By tapping liquidity locked up in purchase invoices, tapX can generate significant buy-side benefits in the region of $5m-$50m annually.

The buyer benefits from more cost efficient accounts payable operations and capturing payment discounts, as well as the enhanced ability to standardise and maintain payment terms to ease cash flow pressures. The supplier enjoys low cost, accelerated payments which aid accurate cash forecasting and easier receivables reconciliation.

Straight forward to implement, easy to use and simple to maintain, tapX quickly delivers a return on investment and is readily adopted by suppliers.

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