CashFac’s A2Pay – the real time, supply chain settlement platform that dynamically reshapes payments
by Kylene Casanova
The new CashFac's A2Pay service uses their Virtual Bank Technology® with a brand new real time user interaction for buyers and suppliers to provide a collaborative settlement platform which does not conflict with either the buyer's or seller's e-invoicing solution. A2Pay is able to suspend temporarily payment of individual lines of an invoice whilst keeping the customer's and supplier's A/P,A/P and A/R platforms informed.
It allows the customer to initiate adjustments to invoices and at the same time allows the supplier to see in real-time their customer's amendments. A2Pay dynamically reshapes the payments according to agreed invoice lines. It synchronizes customer's and supplier's settlement processes without changes to their invoicing systems.
This is a new variant of CashFac's A2Pay technology. The service is cloud based, and charges are transaction based.
The integration of buyer's and seller's systems and platforms is growing in many different ways. This new application of CashFac's A2Pay technology is an important example of this trend.
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