Appterra introduces RapidPay, an innovative new supply chain funding concept that allows suppliers to be paid immediately, freeing up cashflow and working capital

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Today Appterra B2B Commerce Solutions and Allied Affiliated Funding, the leader in accounts receivable funding for mid-size businesses, announced an innovative new product which will dramatically improve supply chain funding.

Funding occurs in minutes, not days, and new accounts can be opened almost immediately

Today Allied Affiliated Funding, the leader in accounts receivable funding for mid-size businesses, and Appterra B2B Commerce Solutions announced Rapidpay, a innovative new product which will dramatically improve supply chain funding.

“Today the Appterra Commerce platform automates the accounts payable and purchasing process of our customers. We increase the efficiency and visibility to activities in the purchasing process and provide automated transactions between vendors and our customers” said Charlie Alsmiller, CEO of Appterra. “What RapidPay now provides our trading partners is the ability to get paid immediately for invoices submitted to customers through our system.”

“As businesses today seek to keep all of their assets working at maximum capacity, RapidPay will seamlessly provide much-needed working capital for many small and medium-sized organizations” said Clay Tramel, CEO of Allied Affiliated Funding.

RapidPay simplifies traditional accounts receivable funding through the efficient use of technology. By integrating our funding process into a larger company’s accounts payable system, RapidPay eliminates a lot of reserves and paperwork for that company’s vendors who want to get quick payment (also called “factoring”). Funding occurs in minutes, not days, and new accounts can be opened almost immediately.

Appterra’s network automates and simplifies supply chain management. And now it also offers funding flexibility never before available. Contact us today to learn how RapidPay and Appterra can automate your payables processes and improve your organization’s cash flow.

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