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CashWorks

A platform for early payment of invoices against a dynamic discount
without calling the CTO's department

Introduction

What is CashWorks

CashWorks allows your business to capitalize on fast approval of invoices from your suppliers.

CashWorks transforms your efficiency into cost savings via reduced spend and less time spend on inquiries from your suppliers. The faster you are able to approve the invoices and the more suppliers you invite to participate – the greater benefits you will harvest.

CashWorks is a digital platform that enables fast and hassle-free early payment of invoices against a dynamic discount to your frequent suppliers. CashWorks leverages existing banking payment infrastructure combined with a modern and digital interface. CashWorks is easy to implement and requires a minimal effort to install and use.

Fast & Easy

CashWorks offers suppliers early payment of their invoices against a dynamic discount

Transparent

CashWorks provides suppliers transparency of the invoice and payment process (track & trace)

Flexible

CashWorks is flexible and easy to access. It only requires minimal effort to be on-boarded and integrated into internal processes

Bank Independent

CashWorks is bank-independent which allows for significant network effects and flexible funding

Focus the right place

CashWorks targets the long tail of suppliers – allowing buyers to focus on strategically important suppliers.

Support

CashWorks handles support when Suppliers calls to check for approval state of invoice



Only 10% of global potential for Supply Chain Finance has been addressed.

- McKinsey

Step by step

How does it work?

CashWorks is easy to implement and to use – both from your and your suppliers’ point of view. CashWorks doesn’t intervene with your invoice handling processes and CashWorks don’t require specific standards of the invoices.

All you need to do is to select which suppliers you would like to invite for CashWorks and let CashWorks know when you have approved the individual invoices and hence are ready to pay them. It cannot be simpler!

Invite

Select the suppliers you would like to invite for CashWorks.

On-board

Suppliers log on to CashWorks website and agree to terms and conditions

Approve

Let CashWorks know when your have approved the individual invoices

Payout

CashWorks taps into existing payment infrastructure via thin integration

Manage

CashWorks manage inquiries from suppliers and source of funding

Analyze

CashWorks supplies performance dashboard to evaluate performance

Calculate your benefits

Input your own numbers and see how much you can improve your business

Yearly spend:
How many of your suppliers do you buy frequently from:
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How many of your suppliers would want to use this possibility:
{{ activeSuppliers }}%
Invoice flow
How fast can you approve invoices?
Within {{ approval }} days
Average payment terms
Net {{ terms }} days
Credit
{{ spread }} days

Yearly benefits: {{ benefits|financialFormat }}

Bank independent

Flexible funding of the early payment

CashWorks offers flexible funding options, using own liquidity, your bank or external funding.

Self-funded

Buyer can be self funded. The early payment is done from a pre-funded account in the name of the buyer

Credit/overdraft

Buyer’s bank can offer to fund the early payment. The early payment is done via a credit facility/overdraft funded by buyer’s bank

3rd Party

A 3rd party can offer to fund the early payment, the early payment is done from a pre-funded account in the name of the 3rd party



CashWorks offers attractive and risk free return on your excess liquidity

The benefits

A win-win for both
Buyers and Suppliers

CashWorks is the obvious next steps for buyers who have extended their payment terms to improve their working capital.

CashWorks targets the long tail of suppliers – allowing buyers to focus on strategically important suppliers.

Buyers
  •  Improved EBIT via reduced spend
  •  Improved working capital
  •  High return on excess liquidity at zero risk
  •  Strengthened supply chain
  •  Less time spent on supplier inquires
Suppliers
  •  Improved working capital
  •  Access to instant liquidity
  •  Less dependency on banks
  •  Less time spent on inquires to buyer
  •  Improved transparency of upcoming payments

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