OmniPay represents more than the evolution of supply chain financing; its success requires acknowledgement that working together is better than working against each other.
Companies are becoming increasingly aware of the importance of their supply chains. The days of adversarial relationships with suppliers are slowly dying, the concept of one party “winning” on a deal and the other party “losing” has been consigned to the history books. Some of the world’s best companies are simply exercises in efficient and effective supply chain management.
All the clichés around chains only being as strong as their weakest link actually have quite a lot of truth in them. When a customer needs something urgently, when something goes wrong, when a customer forgets to order a critical component, when a customer can’t complete a job without help; what do they do? When they pick up the phone and call their supplier or subcontractor, will they take the call? Will they make an exception for the customer? Will they go out of their way to help?
It has never been more important to Love Your Supply Chain, and OmniPay is a small step in the right direction. With OmniPay, everyone wins. Suppliers have the option to be paid in 1 day and customers get a happy supply chain and up to 0.50% of anything financed.