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CORPORATE BUYER SOLUTIONS

We use the name "Corporate Buyer" to represent large private enterprises. Obillex collaborates with your suppliers to improve their cash flows, optimize their working capital and reduce their cost of finance. Many small and medium-sized enterprises (SMEs) need extra cash but the supplier finance sector is currently inefficient, fragmented and illiquid. Suppliers face high charges from banks and invoice-factoring companies, thus increasing their markups of products and services sold to your organization. Our solution provides the answer, enabling you to drive down the cost of finance across your supply chain, helping to keep your suppliers in business, thriving and working efficiently and affordably for you. When your suppliers are expecting payments from you – we arrange for early payment, so they don't need to wait 30, 60 days or more. You on the other hand make your payments as usual i.e. on the date set in your contract with the given supplier. If your suppliers choose this route, they pay a small fee. There's no charge to you as a private sector buyer but rather, the opportunity to generate additional income. The Obillex finance platform connects securely and seamlessly with all finance and invoicing systems. Find out more on how Obillex benefits you as a private buyer below.

KEY FEATURES AND BENEFITS

01

Supports your supplier community

Help your suppliers access cash quickly and affordably. If you've sent them a purchase order or approved their invoice, we'll make the cash available to them early.

02

Benefits driven down the supply chain to your lower tier suppliers

Our solution ensures that if one of your prime contractors (i.e. a tier1 supplier) goes bust, their sub-contractors (i.e. lower tier suppliers) can still receive the money due to them.

03

Boosts your bottom line

Everyone benefits from the Obillex solution. You can turn Accounts Payable (AP) into a profit centre. We'll pass you a share of our fees for each transaction.

04

Reduces pressure on your AP team

Tired of hard-pressed suppliers (and invoice factoring firms they use) that keep chasing your team for payments? Use us to make the cash available early, saving a lot of stress for you and your suppliers and their subcontractors.

05

Promotes corporate social responsibility

Our solutions drive and promote social responsibility by enabling the best payment practices to suppliers. Large companies will be obliged to report on their payment practices from April 2016.

06

Easy to get started

It's free for buyers to join the Obillex community. You don't need to purchase any equipment or licences - or make radical changes to your workflows or processes. The Obillex platform connects easily with finance and invoicing systems - and operates 24/7 online, delivering an outstanding end-to-end experience.

07

Based on a highly secure financing platform

The Obillex solution is based on a secure, financial infrastructure 2.0 platform, trusted by large buying organisations. Obillex is a corporate member of the Association of Corporate Treasurers. Our team has held board and senior management positions within McKinsey, Axa, PwC, Royal Bank of Scotland, ABN AMRO and Citigroup.

08

Embraces innovation

Supports the development of an enterprise-based economy. Our business model will be a catalyst for UK-wide economic growth.

Answers to frequently-asked questions (FAQs)

Every kind of SME - because businesses of all types can always make use of accelerated cash flows. Some SMEs will want larger reserves to see them through tougher trading conditions, while others will be looking for extra finance to support growth. 

It's free to sign up. In fact, we give you a share of the fee we charge for every early payment made to suppliers.

The cost is very modest. The amount can vary. But typically it's significantly less than a bank would charge your suppliers for a loan and a fraction of what an invoice factoring company would charge. Put simply, we are likely to be the most inexpensive source of cash available to them.  

Chiefly, there are two reasons. Firstly, we engage with institutional investors who know how to price for your credit rating. Secondly, our service is online and highly-automated, which minimises administration costs for everyone. 

Yes. But the fee charged is usually slightly greater to suppliers, to reflect the fact that the institutional investor is taking risk on your supplier.  

Yes. We're being clear that everyone has to benefit from the platform. But we're also explaining that the cost per transaction is relatively small, while the benefits gained by suppliers are significant. 

No. Many large companies will simply offer the Obillex solution to their suppliers as an option - if they'd rather not wait until payment day, whether that's 30, 60 or more days.  But if suppliers prefer to wait to be paid as normal, that's fine.

Suppliers don't have to 'cash' the Obillex payment available to them. If they prefer, they can pass it directly down the chain to their own suppliers - as an optional way to pay their suppliers. And it's those suppliers that pay the small fee if they want early payment

The Obillex Solution has been extensively vetted by the public sector and other stakeholders in the Finance, Accounting, Banking and Legal sectors.

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