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 meaning they have less than 500 employees.  At the same time, small businesses tend to work with over hundreds of suppliers! We’ve found that for many business owners, managing supplier 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. The suppliers will have the ability to request for early payment which will then be approved by the company and invoices sent to Kompass for immediate funds. This can help  your suppliers get the cash they need, strengthen your supply chain, and build creditability and trust.  All at the same time, there’s no cost to you and you can maintain your normal payment schedules.  This can also help cut operating costs, reduce volume of payments, and back and forth correspondence with suppliers. 

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