Unlock the hidden value of your credit card
Access early payment discounts from suppliers and foster strong supplier relationships without reducing your accounts payable.
Contact salesMany businesses delay payments to their suppliers as a means to hold on to their cash longer. In order to incentivise their customers to pay on time, suppliers often offer early payment discounts. Currently, the average discount offered by most B2B suppliers is approximately 4%. In fact, the longer the payment terms, the higher the discount offered.
Surprisingly, there is little evidence to show that early payment discounts actually incentivise buyers to pay on time. This could boil down to the simple reason that businesses simply do not have the necessary cash flow to make early payments and take advantage of the early payment discounts.
Unlock further value with Billhop
With Billhop, you can pay suppliers on time with a credit card and take advantage of the early payment discount without reducing your accounts payable.
This win-win solution can also help foster stronger relationship with your suppliers without reducing your DPO.