GLOBAL PAYEX INC
a pattern of behaviour is out of the ordinary for that company . That intelligence allows for extensive dashboarding , which can present data in a way that a company ’ s CFO , credit , or finance manager can interpret and action .
Global PayEX is also seeking to incorporate embedded finance into its platform . “ We are trying to embed financing into these B2B workflows where we invite banks and non-banks to lend through our digital ecosystem ,” Naru says . The system already knows which of a vendor ’ s distributors have access to financing , because it does the reconciliation for it , so Global PayEX can anonymise that data and send it to partner banks or lenders . That data allows them to make underwriting decisions and provide funding for a certain range and / or customer segment .
When a new credit line becomes available , buyers ( distributors ) will log into Global PayEX ’ s FreePay™ EIPP platform and see that they now have a credit limit of up to £ 50,000 or £ 100,000 provided by a partner institution . It ’ s the distributor ’ s decision whether to accept that credit line . If they do , they are onboarded by the institution in the usual way and , afterwards , they will see a new payment method in the app when they come to settle an invoice that allows them to pay using that credit .
90 September 2022