Every kind of SME - because businesses of all types can always make use of earlier cash. Some SMEs will want larger reserves to see them through tougher trading conditions, while others will be looking for extra finance to support growth.
Yes. Obillex has the power to cascade money down the supply chain, bringing low-cost liquidity to local economies. The initial supplier doesn'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 settle bills quickly. And it's those suppliers that pay the small fee if they want early payment.
It free to sign up for the buyer’s organisation. In fact, we pay them 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 for a loan and a fraction of what an invoice factoring company would charge. Put simply, the Obillex solution is likely to be the most inexpensive source of cash available to SMEs.
Chiefly, there are two reasons. Firstly, we engage with institutional investors who know that public sector organisations are reliable payers. 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, as the institutional investor is taking the risk that the goods/services have not yet been delivered.
Yes. We're being clear that everyone has to benefit from the platform. But we're also explaining that the relative cost per transaction is small, while the benefits gained by suppliers are significant.
No. Many public sector organisations will simply offer Obillex 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.
The Obillex Solution has been extensively vetted by the public sector and other stakeholders in the Finance, Accounting, Banking and Legal sectors.
Obillex has access to significant liquidity support for suppliers to the UK public sector. Obillex has partnered with very large, non-bank institutional investors who are willing to deliver extensive liquidity for UK public sector suppliers.