bePayd

bePayd is a ready-to-go early payment service developed by Yorkshire-based spend management company, Proactis. It gives small businesses the option of receiving immediate payment on their invoices; weeks, sometime months earlier than their customers’ standard payment terms allow. Proactis pays the invoice of any supplier seeking early payment in return for a small early payment discount and is refunded by the customer under their standard payment terms. Once registered, suppliers can be paid in three clicks over their mobile phone.However, for suppliers to benefit from bePayd, their customers must first sign up to the service. At a time when many big businesses are having to extend their payment terms, bePayd can be used to help mitigate the inevitable knock to their supplier’s cashflow. We ask that these big businesses consider the impact they have on small businesses and sign up to bePayd, sure in the knowledge that there will be no adverse impact to their own business. Our software is free to deploy and simple and secure to integrate with their existing financial systems.