The core concept in Invapay, a UK based payment technology company, is to use the delayed payment facility in the payment card schemes so that buyers to extend their DPO (Days Payables Outstanding) while paying their suppliers within 3 – 5 days

Invapay ePayment service

Source & Copyright©2017 - InvaPay

The example above shows how they use other payment schemes to deliver payments to suppliers who do not accept cards.

Also this creates a slightly different value chain as shown below.

InvPay value chain

Source & Copyright©2017 - Invapay

(Note: Figures are for illustration only and will vary on a case by case basis and Scheme)

Global InvaPay service

Using this basic idea InvaPapay have created a global service in which they offer an efficient, flexible way to manage payments and working capital which is connected to over 800 banks. They operate across three continents, processes all major currencies and provides a flexible payments alternative that ensures long-term buyer and supplier benefits. The cloud-based solution can be operational in 24 hours and provides more access to credit lines at the flick of a switch. The enhanced transaction data enables efficient processing and reconciliation of payments.

Large companies are using the Invapay service to help their suppliers, e.g. NEC Asia Pacific Pte Ltd are using Invapay to optimise their working capital extend their DPO and to ensure that 100% supplier acceptance and payment automation of their payables solution.

Combining with banks and other suppliers

Invapay have grown globally by partnering with banks and other suppliers, recent examples include:

• ANZ are working with InvaPay to deliver automated payments innovation to their business customers
• last month Invapay and Apexconnect announced they had joined forces to deliver innovative B2B ePayable’s solutions to the US. The introduction of Invapay ePayables solution to Apexconnect’s customers will deliver immediate working capital benefits and optimised ePayments functionality enabling Buyers to extend their DPO (Days Payables Outstanding) while paying their suppliers within 3 – 5 days.
• integrated World First’s API into its payments platform, so customers have real-time visibility of the exchange rate whilst benefitting from a hassle-free payments service. Allied to the Cashflow and Treasury optimisation features of its existing platform, it will provide unparalleled control and flexibility for company CFO’s and Treasury departments.

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CTMfile take: InvaPay have honed and developed their basic business model so that it is now a global solution. It a classic example of how to develop a basic service into a multi-payment solution and make it applicable to many companies worldwide.