Viewpost streamlines buyer-supplier payments with enhancement

Sept. 13, 2016

Viewpost released an addition to its B2B Viewpost Express discounting engine that streamlines early payment deals, discounts and cash management between suppliers and buyers, according to a company press release.

"The insight behind our effort to eliminate friction and optimize working capital within B2B transactions comes from more than two decades in the invoicing, payment and credit industries," Max Eliscu, founder and CEO of Viewpost, said in the release. "Lack of visibility into how, when and if they'll be paid is a primary frustration for business owners on the supply side, compounded by inability to access the cash tied up in their unpaid invoices. Surprisingly, the problem isn't one-sided. Transactional friction and inefficiency handcuff cash-rich buyers, preventing them from paying suppliers on demand to both their benefit. Our dynamic discounting solution democratizes access to working capital for those in need, while creating above-average returns for those with excess."

Sonny's BBQ experience with Viewpost Express allowed the brand to pay suppliers early and provide them financing rates between 0.07 and 1.87 percent per invoice, according to the release.

"A restaurant's success depends upon client satisfaction with every aspect of your business," said Bob Yarmuth, CEO of Sonny's BBQ. "With over 12,000 suppliers serving more than 113 restaurants across eight states, Sonny's BBQ is better able to focus on our quality of food and service by using Viewpost to streamline payables, lower operating costs, and collaborate with our suppliers to provide early payments that bring us yields well into double-digits."

 


Topics: Equipment & Supplies, Food Cost Management, Operations Management, Systems / Technology


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