On April 7th 2020, Yak Pay released their latest feature to help Australian small businesses better manage their cash flow.
Called the "Negotiator", the new feature enables small business credit card holders 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.
In these testing times for all businesses, this new functionality will help small businesses pay invoices, maintain good relationships with suppliers, and have the tools to support flexible payment arrangements, all which are essential for small business day-to-day operation.
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.
- 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.
The two payment platforms strive to empower small businesses to make their payments as easy, fast, secure and now as flexible as possible.
To learn more about Yak Pay's Negotiator functionality, please click here