What is Supplier QuickPay and how does it work?

According to the SBA, 99.9% of all businesses in the US are considered small businesses.  Many small businesses also work with hundreds of suppliers, vendors, and subcontractors. We’ve found that for many business owners, managing supplier and vendor payments, and their accounts payable can be a challenge. That is why we created our Supplier Quickpay program to accelerate supplier payments on their behalf.

How does it work? Kompass Funding develops a custom program built with a company and their suppliers or vendors. Companies maintain their normal invoicing process and Kompass will fund supplier and vendor payments early upon invoice approval. Once the invoice naturally comes due according to your normal payment terms, you would pay Kompass Funding. At the end of each quarter, we also offer a revenue shared generated by your supplier and vendor payments. The revenue share is a way to add revenue directly to your bottom line without changing a thing to your accounts payable process. 

The 3 key benefits to Supplier QuickPay:

1. Add revenue directly to your bottom line

2. Strengthen your supplier and vendor base

3. Eliminate one off-requests for early payment and let Kompass manage your AP 

Signing up is simple. Kompass requires basic business information to perform a brief underwriting process in order to send a proposal. Upon execution of the proposal and supporting documents, we are able to start offering immediate payments to suppliers based on their invoices.

If you’re a business owner and constantly fielding calls from your suppliers, let Kompass Funding help with our Supplier QuickPay program and speak with one of our advisors today.

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Get the funding you need, when you need it.

Give us a call to discuss your business funding objectives, so our advisors can show you examples of similar businesses leveraging cash-flow solutions to scale their business quickly. 

You can customize and manage how you want to factor with Kompass Funding, so you get the funding you need, when you need it. Our clients can even avoid waiting 30 to 60 days for your customers to pay invoices, we pay you the amount of the invoice within 24 hours and assume the risk of collection.

Now you can focus on growing your business. 

Let's talk.
Call us at 913-728-0530