VIP - How it Works

From that moment, your Accounts Payable Department will get called mercilessly until a check is delivered to the vendor.

The "V.I.P." or Vendor Insta-Pay Program SIMPLIFIES the process by making payment to the vendor on your behalf, immediately after we are able to verify your approval of the product(s) delivered or the service(s) rendered.

HERE'S HOW IT WORKS... For those of your vendors who enroll in The V.I.P. PROGRAM, an invoice is created for you as is normally done. A representative from the V.I.P. then contacts a pre-approved contact at your company... (perhaps a project manager... or a contact from within your accounts payable department... it is your choice) at predesignated times during the week to collect data on vendor invoices you recognize as payables. Immediately after verification and confirmation with the pre-approved contact at your company, we will pay your vendor. In most cases, this verification can be set up to be executed electronically. We do not interrupt your existing A/P Management structures.

Then, when you would normally pay the bill - perhaps 60 days after receipt of invoice from the vendor - you make payment to the V.I.P.

Yes, it is really that simple... AND it fulfills some major goals of many companies like yours.

FIRST: it enables you to help certain disadvantaged or small businesses such as those served by diversity programs. Imagine the public relations bonanza your company would have when announcing that your vendors get paid immediately.

SECOND: Because your vendors get paid immediately, you make the vendors happy. PLUS... you ensure that your vendors are capitalized to the extent that they will be able to deliver goods & services on-time and within the quality specifications you expect.

FINALLY: Best of all: this program is executed at NO COST TO YOUR COMPANY.

When you implement a program such as this, vendors go out of their way to try to do business with you. Why? Because when they do business with you, vendors get an expedited cash flow, giving them monies to buy supplies, make payroll and to run their business. They will no longer have to call your accounts payable office to beg for money.

For more information on how you can implement this exciting program, call us today...