Pay the way that works for you—and for your vendors.
Easing cash flow constraints with PaytmStart paying vendors with credit
ChallengeA drop shipper’s bookkeeper is looking to extend cash flow and improve the way the company pays bills. Preparing for their busy season, the company’s bookkeeper has to coordinate the payment of large bills to over 30 suppliers—an essential task to keep critical products in stock. Paying these large bills upfront often depletes cash on hand, leaving the business low on funds until their product is delivered. The company needs to find a way to ensure suppliers are paid on time while easing cash flow constraints.
SolutionWith Paytm, the ability to use credit cards to settle bills—no matter the vendor preference—helps this company pay in a way that suits their needs. Cash can stay in the business account and the accounts payable department can defer the due date, without risking a late payment.
BenefitThe ability to use any method of payment allows the company to pay in a way that matches their changing business requirements, and those of their suppliers. The vendor receives cash via an ACH transfer and the company has access to cash for longer, and may be able to accrue points, and receive cash back through their preferred credit card. This helps to improve cash flow issues and maintain reputable business relationships. The bookkeeper can now spend less time worrying about cash flow, and more on meeting company objectives.