Earlypay and SprintSuite collaborate to empower mining and fabrication businesses
Leading Australian Invoice Finance specialist Earlypay (ASX: EPY) today announced it had entered an arrangement with SprintSuite, a project management software platform for maintenance and engineering-intensive industries, to enable immediate access to funding from unpaid invoices for SprintSuite’s customer base.
Late payment of invoices often impacts Australian mining and fabrication businesses and their ability to pay staff, contractors and suppliers, limiting the capacity of businesses to take on new, larger projects. The Earlypay SprintSuite collaboration brings a seamless finance integration that enables the early payment of customer invoices, funded by Earlypay. This new feature brings forward cash flow from unpaid invoices and further enhances SprintSuite’s functionality, providing clients with a comprehensive solution to manage their operations and cash flow more efficiently.
Earlypay Chief Executive Officer James Beeson (pictured) said the collaboration would help businesses to better manage project funding challenges and empower owners and managers to focus on growth and efficiency.
“Late payment of customer invoices often constrains cash flow, impacts project funding and the ability of businesses to take on new, larger projects. Through our arrangement with SprintSuite, we’ll provide mining and fabrication businesses with immediate access to funding via their unpaid invoices within the SprintSuite platform.
“This integration provides Aussie mining and fabrication businesses with sustainable access to cash flow they can count on, as and when they need it,” Beeson said.
A SprintSuite spokesperson said they were thrilled to announce the partnership with Earlypay.
“This collaboration aligns perfectly with our mission at SprintSuite to empower businesses to streamline their finances. By integrating Earlypay’s innovative services, we can provide our clients with even greater flexibility and financial support, helping them scale faster and more efficiently,” the spokesperson said.
The integration augments Earlypay’s traditional distribution channels and supports the business strategy of providing SMEs with the ability to receive early payment of invoices through third-party platform integration.
“The SprintSuite arrangement is a great example of how Earlypay is investing in embedded finance and third-party platform integrations, to provide Aussie businesses with the seamless early payment of unpaid invoice in the non-financial platforms where they spend most of their time.
“We are excited about the opportunity this channel presents and are investing strongly to bring the benefits of simple-to-access cash flow to many more SMEs,” Beeson added.
