Three High-Value Ways to Monetize Quartix as a Vendor
Most ‘vendors’ get started with Quartix by accelerating approved payments of one or more of their ‘sponsoring buyers’ and get paid whenever they want.
However, if you’re a vendor that only uses Quartix today, know that you’re missing out on most of the value Quartix can give you.
Quartix can unlock an unsecured, uncommitted credit line that would be available on-demand to you and your preferred vendors. Quartix’s technology allows you to use this line to your advantage indifferent ways to optimize the financial & operational performance metrics that matter to you.
This blog post dives into three additional ways Quartix can support your business.
#1 Fund timely payments to your vendors
Experiencing liquidity crunches occasionally but your revolver is maxed out?
Need some extra cash from time to time but your current bank lines impede other secured lenders?
Quartix can fund timely payments for you quickly and easily, and collect back from you down the road.
What’s your gain?
- Increase cash flow management flexibility
- Reduce dependency on your bank lines
How does it work?
- An unsecured, uncommitted credit line will be assigned to you by Quartix
- You can use it to fund timely payments to any of your vendors with one click
- You make these payments yourself - your vendor won’t notice Quartix is in the loop
Does it cost you anything?
Quartix isn’t a traditional lender.
Forget about maintenance fees, unused commitment fees or any other fees traditional lenders charge.
With Quartix, you pay a small fee only if you actively choose to delay a payment to a vendor. This fee is calculated based on the actual number of days the payment was delayed.
#2 Stretch payment terms with your own vendors
Want to unlock cash and accelerate your cash conversion cycle?
Need to rationalize vendor payment terms to balance them with your customers’ payment terms?
Quartix makes it easy for you to negotiate extended payment terms with your vendors.
What’s your gain?
- Faster cash conversion cycle
- Lower net working capital investment, WACC
- Improved EBITDA via early payment rebates (without paying early)
- Stronger vendor relations, supply chain resiliency
- Become a preferred customer to your vendors vis-a-vis other customers that do not give vendors a cash payment option
Learn more about the benefits of becoming a Quartix sponsoring buyer here.
How does it work?
- Quartix monitors your ERP system to detect newly approved vendor payments
- Vendors you approve could then accelerate their approved payments whenever they want
- You never pay a day too early - Quartix does this instead
Does it cost you anything?
No.
#3 Accelerate other buyers’ payments
Want to further optimize your cash, manage buyer risks and optimize your balance sheet?
Wish you had the Quartix functionality with other buyers you work with?
Getting it is easy, quick and requires little effort from you.
What’s your gain?
- Increased cash flow management flexibility
- Lower dependency on your bank lines
- Improved ability to manage A/R risks
How does it work?
- Refer Quartix to other buyers whose payments you’d like to accelerate
- Quartix will pitch the product and add them as a sponsoring buyer if they’re interested
- If that happens - you’ll be the first vendor to participate
Does it cost you anything?
No.