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Improve the stability of your small business suppliers, allowing them to invest and grow with confidence.
Jenna WilliamsSupporthub Analyst
Want to meet your ESG commitments and support the parts of your supply chain that need the most help?
FreePay lets you meet your social value commitments and get cash quickly to the small business suppliers that need it most, without charge.
Identify the small, local businesses that rely on you for business growth.
Oxygen will use its database of suppliers to quickly determine which suppliers are small and micro, and then enroll them – ensuring cash gets to them quickly.
Use FreePay to free up your accounts payable team’s time, so they can focus on your priorities.
Tying into your existing ERP system, the process is ‘hands-free’ and fully automated – freeing up valuable accounts payable time and resource.
FreePay is free to suppliers, providing a valuable alternative to short term debt products such as working capital loans.
Using a clear and established process, FreePay can be introduced quickly and efficiently into your finance systems.
A dashboard shows your early payment performance for each supplier sector, providing vital data for your ESG reporting.
With FreePay, early payment is only actioned when all pre-determined approvals have been met, so you stay in control.
As a small business, good cash flow is essential, yet there are often challenges getting paid from larger corporates, with some operating at ninety days.
Payments have always been quick, but now they are even quicker, often within two or three days which is brilliant.
Financial technology delivering social value. Oxygen specialise in early payment, the procurement process and public sector insight.