Invoice finance products and services provider Aztec Exchange has introduced a new e-invoice finance solution.
PayMe allows companies to offer suppliers an early payment option via an “own brand” cloud-based interface, with financing provided by leading global financial institutions. It launches with Dublin e-invoice company Celtrino and its 4,000-plus suppliers. Registered suppliers can selleheir invoices online and receive capital within days.
Aztec will announce additional partners in the coming months.
“PayMe provides EDI and e-invoice companies a large-scale invoice early-payment solution as well as an additional revenue stream without the need for their own investment capital or technology interface,” Aztec CEO Edwin Hagan-Emmin said. “Cash-on-demand, available to all suppliers everywhere via PC or mobile phone, is an extremely powerful tool for suppliers and the companies they provide goods and services to.
“Our current aggregated partner e-invoice network volume exceeds $330 billion (USD). PayMe is in a prime position to give these e-invoice companies and their clients the tools to capitalize on this market.”