Every kind of SME - because businesses of all types can always make use of accelerated cash flows. Some SMEs will want larger reserves to see them through tougher trading conditions, while others will be looking for extra finance to support growth.
It's free to sign up. In fact, we give you a share of the fee we charge for every early payment made to suppliers.
The cost is very modest. The amount can vary. But typically it's significantly less than a bank would charge your suppliers for a loan and a fraction of what an invoice factoring company would charge. Put simply, we are likely to be the most inexpensive source of cash available to them.
Chiefly, there are two reasons. Firstly, we engage with institutional investors who know how to price for your credit rating. Secondly, our service is online and highly-automated, which minimises administration costs for everyone.
Yes. But the fee charged is usually slightly greater to suppliers, to reflect the fact that the institutional investor is taking risk on your supplier.
Yes. We're being clear that everyone has to benefit from the platform. But we're also explaining that the cost per transaction is relatively small, while the benefits gained by suppliers are significant.
No. Many large companies will simply offer the Obillex solution to their suppliers as an option - if they'd rather not wait until payment day, whether that's 30, 60 or more days. But if suppliers prefer to wait to be paid as normal, that's fine.
Suppliers don't have to 'cash' the Obillex payment available to them. If they prefer, they can pass it directly down the chain to their own suppliers - as an optional way to pay their suppliers. And it's those suppliers that pay the small fee if they want early payment.
The Obillex Solution has been extensively vetted by the public sector and other stakeholders in the Finance, Accounting, Banking and Legal sectors.