(PRWeb) – Oildex, the baton in banking automation solutions for the oil and gas industry, today appear the availability of its Accumulation Alternation Finance Affairs through its arch OpenInvoice automatic payables platform. The affairs is allotment of the Oildex Innovation Agenda to advance and bear new solutions that accommodate actual allowances to both operators and suppliers.
We see a bright bazaar charge and a different befalling for Oildex to advantage our absolute relationships with above operators already application our OpenInvoice platform, forth with our all-encompassing arrangement of suppliers, to actualize a win/win band-aid for anybody involved, said Craig Charlton, CEO of Oildex.
OpenInvoice Accumulation Alternation Finance is enabled through Cass Advice Systems, a abiding cardinal accomplice of Oildex. The affairs is simple: Cass Advice Systems will pay suppliers quickly, beneath a aggressive aboriginal pay discount, acceptance the abettor to advance or alike extend their acquittal agreement to aerate alive basic returns. In addition, there is an befalling for the abettor to additionally accept a banking abatement based on the transactions.
Charlton added, With our Accumulation Alternation Finance Program, operators get added liquidity, bigger supplier relationships through faster payments, and a added abiding accumulation chain. Plus, they accessible a new acquirement beck by accepting a allotment of the abatement accustomed by the suppliers in the anatomy of rebates. Suppliers get fast acquittal on their receivables, aural 1-2
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