Speeding payments along a supply chain has the benefit of helping the smallest firms – the most vulnerable links – thrive via steadier cash flow and easier day-to-day planning.
To that end, Tipalti said earlier this month it has launched a supplier financing service, called NetNow, aimed squarely at helping smaller firms remain competitive. The service has been added to the company’s accounts payable offering, according to a release last week.
In an interview with PYMNTS, Todd McGuire, general manager of supplier success at Tipalti, said the solution addresses a growing need for firms, from small to mid-sized businesses all the way to middle-market companies, to tap into more sources of funding.