Payment Logic and Yak Pay launch a new small business cash flow optimisation feature
Called the “Negotiator”, the new feature enables small business credit card holders (Amex, Visa and Mastercard) to optimise cash flow by enabling them to offer “pay early discounts” or “pay more later” terms directly with their suppliers. The Negotiator automatically reschedules the payment so that the suppliers receive the agreed funds on the agreed date, through the convenience and security of Australia’s leading B2B digital platforms, Payment Logic and Yak Pay.
Payment Logic CEO, Sam Plowman said, “In these testing times for all businesses, cash flow management, paying invoices, maintaining good relationships with suppliers, and having the tools to support flexible payment arrangements, are essential for small business survival.”
“The new Negotiator functionality allows the credit card holder two options. They can use their interest free period to pay their supplier invoice early, and request an early payment discount. Alternatively, if their cash flow is tight, they may request extra time to pay their invoice to the supplier at a later date for an additional amount.”
“Our payment platform strives to empower small businesses to make their payments as easy, fast, secure and now as flexible as possible.”