Factoring & Finance
We help businesses improve cash flow by paying their vendors early, working with companies across North America to streamline accounts payable. Our platform lets buyers approve invoices online, gives vendors the option for early payment, and you (the buyer) get paid a percentage of the fee from every transaction. That means you’re turning payables into a profit. We’ll pay you a percentage of each transaction we process on your behalf so in a nutshell, you’ll be able to streamline your payment timelines and get paid in the process.
Supply Chain Finance & Reverse Factoring - Pay Your Suppliers. Faster.
Delivering innovative financing options to assist your business with cashflow and streamlining your day to day operations. This involves financing your suppliers by offering them early payment. This is commonly referred to as "supply chain financing" ("SCF") or "reverse factoring". SCF is early payment to multiple suppliers of a single buyer. The buyer works with us to offer early payment to their suppliers at a discount. We pay the supplier early and recover the payment from the buyer on the scheduled due date. SCF is in contrast to factoring of receivables which is financing receivables of a single supplier from multiple buyers. This is why we call this reverse factoring.
The Vendor can receive funds earlier; The Customer can pay the invoice later, possibly pushing their terms out. Manages cash flow shortfalls for both the Vendor and the Customer. The software platform manages the entire funding process. No need for Customer involvement beyond approving an invoice for payment in the future, with a click of a button. The platform is compatible with or plugs into most accounting systems. No IT costs to implement.
Some Industries We Serve
Manufacturing | Automotive | Aerospace & Defense | Retail & Consumer Goods | Construction & Infrastructure | Energy & Utilities | Pharmaceuticals & Healthcare | Technology & Electronics | Agriculture | Food & Beverage | Logistics & Transportation | Telecommunications | Mining & Metals | Oilfield Services | Chemicals | Packaging | Textiles & Apparel | Shipbuilding & Maritime | Rail & Transportation Infrastructure | Defense Contracting | Wholesale Distribution | Development
Reverse factoring can benefit industries where suppliers need faster payments, and buyers want to extend their payment terms. Here are some key industries, including, but not limited to, that OAKRG can assist with a range of supply chain financing solutions:
• Eliminates manual invoice data entry and handling, physical storage, and disposal costs.
• Improves control of accounts payable and decreases errors.
• No need to print off and file supplier invoices.
• Minimizes the risk of fraud and ransomware.
Customer Advantage
• Speeds up invoice approval and processing time – take advantage of early payment discounts.
• Improves control of accounts payable and decreases errors.
• No need to print off and file supplier invoices.
• Minimizes the risk of fraud and ransomware.
• Early advance of funds to Vendors avoids those calls for early payment concessions.
• Turns accounts payable from a cost center into a profit center as the Customer receives a portion of the early payment fee.
• Eliminates manual invoice data entry and handling, physical storage, and disposal costs.
• Reduces invoice processing costs, especially where there are multiple cost centers and/or locations.
Vendor Advantages
“We serve manufacturers, retailers, construction firms, automotive suppliers, healthcare providers, FMCG brands, energy companies, and logistics operators — any business that buys from suppliers and wants to improve cash flow.”
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