Flexible Financing for Your Supply Chain

OmniPay is an innovative financing solution that allows your subcontractors and suppliers to be paid within 1 business day of your approval of their invoice, unlocking much-needed cash and allowing them to focus on growing their business.


No cost to you
There’s no cost to you, and your suppliers only pay a fee if they choose to finance an invoice

No change to invoice due date
You simply pay the invoice directly to OmniPay instead of your supplier

Easy to use
Approve or reject OmniPay requests with just a few clicks

You are in control
No invoices are financed without your approval
WIN-WIN

How do you benefit?

OmniPay is the first true win-win supply chain finance in Australia, with great benefits for both you and your supply chain. There’s no cost to you; in fact, as a Silver Partner you get:

Cash Reward
You get a cash reward of 0.25% of invoices financed (and a happy supply chain!)

Stronger suppliers
OmniPay helps your suppliers manage their cash flow; keeping them working for your business and not worrying about theirs

Competitive advantage
Attract more suppliers (and receive tighter bids) from your supply chain who know they can rely on the cashflow

Positive brand message
Be known as an Customer / Buyer of choice who loves and understands the importance of their supply chain
WANT MORE?

Additional benefits for Gold Partners

Gold Partnership is our fully integrated solution. Once invoices have been approved for payment in your ERP system your suppliers can choose to receive early payment from OmniPay through their mobile phone or computer. As a Gold Partner you receive the following additional benefits:

Double the cash reward
Less manual work for us means more money for you! You’ll receive 0.50% of invoices financed

Supplier Assurance
Ongoing credit and business status monitoring of suppliers. You will be notified of any credit defaults, insolvencies, court actions, adverse registrations and more

Real-time Reporting
Dashboard showing all invoices that have used OmniPay and the cash reward payable for each month

Fully Integrated
OmniPay integrates with your ERP system and operates seamlessly in the background, helping you attract more suppliers and receive tighter bids from your supply chain who know they can rely on the cashflow

How it works

We realise that every business is different, so whether you have just a few suppliers wanting early payments or you have hundreds, we have the solution for you: Silver or Gold – the choice is yours.

Adobe EchoSign is the most widely accepted electronic signature service, making it incredibly easy for you to accept the OmniPay request. By clicking the link in the email, you are taken to a copy of the invoice so you know exactly what your supplier or subcontractor is looking to finance.

We send your supplier’s
invoice to you using
Adobe EchoSign
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Step 1

21 cm

Spotify Premium for 2 months!
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You only need to type your name. That’s it. EchoSign will automatically convert your name into a suitable signature and link it to your email address. Once completed we send a copy of your decision to you, your supplier and anyone else you want to be in the loop (eg your accounts department).

Check the invoice details
and accept (or reject) the
OmniPay request
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Step 2
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– and if you pay on time (that is, within the payment terms agreed with your supplier) we’ll return the favour by sending 0.25% of the invoice value your way. WIN-WIN!

OmniPay really is that easy.
All that’s left is for you to pay
us instead of your supplier –
THAT’S IT!
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We can integrate with a wide range of ERP systems allowing for a streamlined cash flow solution for your suppliers – with you firmly in the driver’s seat.

Gold Partnership is our fully integrated
solution with all the bells and whistles.
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You’ll never miss a beat (or a payment) with the OmniPay Dashboard. All the information you need to manage your suppliers, right at your fingertips.

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ON-TIME PAYMENT
INCENTIVE

We want to ensure that everyone benefits from OmniPay, so we reward you for paying on time.

The incentive is payable every time you pay a supplier’s financed invoice to OmniPay within the contract payment terms originally agreed with your supplier. Simple.



Choose your level of incentive:


– Silver Partner

(MANUAL PROCESS) – 0.25%
You simply digitally approve each OmniPay request made by your suppliers

– Gold Partner

(AUTOMATED PROCESS) – 0.50%
  • Full integration between OmniPay and your ERP system
  • Administration panel giving you easy control of eligible suppliers
  • Real-time dashboard showing you the status of all OmniPay requests

Calculate Your Incentive

Do you have a healthy balance sheet and want a better return?
Contact our Partnership team here to find out how you can put your reserves to good use by financing your suppliers.

Why is OmniPay the right solution?



Collaborative
We’re not just another fintech sitting in the middle clipping the ticket; we work hand-in-hand with all parties to strengthen every link in the supply chain

Flexible
$10k or $10M. One invoice or thousands. Whatever works for you, works for us. No minimum commitment or lock-in contracts. Flexible finance the way it should be

Incentivised
We incentivise customers and buyers to pay invoices on time, which minimises the OmniPay fee payable by the supplier. Leaves us with less $ but happy supply chains!


Simple & easy to use
Whether you are requesting or approving OmniPay, all it takes is a couple of clicks in our mobile app or website

Always here to help
With offices in Sydney, Melbourne and Brisbane your local team is always ready to assist; in person or online

Transparent
No hidden fees, no surprises. No admin, joining, account-keeping or exit fees (we’re not a gym!). If you don’t use it, you don’t pay for it

Ready to help your Supply Chain?

Fill in this quick form and we’ll get back to you shortly.



For small companies like us working on large projects, OmniPay is awesome for cash flow.

Daniel M … DCS Concreting, Melbourne
FIND AN ANSWER

Frequently Asked Questions


  • What is OmniPay?
  • Do I have to pay the invoice any earlier?
  • Does it cost me anything?
  • Why should I let my suppliers and subcontractors have access to OmniPay?
  • How is OmniPay different from other factoring, invoice discounting and supply chain finance products?
  • What does my supplier/subcontractor actually get?
  • How much does it cost my supplier/subcontractor?
  • Are there any eligibility requirements for OmniPay?
  • Do I get any kind of payment or commission for allowing my supply chain to access OmniPay?
  • If we join OmniPay, do my suppliers/subcontractors have to use it?
  • Does my supplier/subcontractor need to put up any security or financials to access this product?
What is OmniPay?

OmniPay is a collaborative supply chain finance product that enables you to empower and strengthen your supply chain by providing them the option to receive early payment of approved invoices.

OmniPay means your suppliers and subcontractors can now be paid within 1 business day.

Not only is there no cost to you, we actually reward you with a cash incentive for allowing your supply chain access to the product.

Do I have to pay the invoice any earlier?

No. There is no change to when you need to make payment; when OmniPay is used OmniPay provides the funding for the initial advance, and you then simply pay the invoice directly to OmniPay rather than the subcontractor, on the originally contracted terms.

Does it cost me anything?

No. Not only is there no cost to you, we actually reward you with a cash incentive for allowing your supply chain access to OmniPay.

Why should I let my suppliers and subcontractors have access to OmniPay?

How about an easier question; why not?

  • OmniPay doesn’t cost you anything
  • OmniPay is 100% optional for your suppliers/subcontractors
  • OmniPay provides crucial cashflow to help your suppliers/subcontractors grow
  • OmniPay will pay you a cash incentive if your supply chain finances anything
How is OmniPay different from other factoring, invoice discounting and supply chain finance products?

OmniPay relies on the collaboration between suppliers and customers. It is only offered with the support of the participating customer.

There are no joining, administration or management fees, and suppliers and subcontractors can choose which invoices they would like to be paid early for, even on an invoice-by-invoice basis.

What does my supplier/subcontractor actually get?

If they elect to use OmniPay they will receive 85% of the value of their approved invoice within 1 business day.

For example, if their invoice was for $100,000, they would receive $85,000 within 1 day. They then receive the remaining $15,000 when their customer pays OmniPay for the invoice (less a fee).

How much does it cost my supplier/subcontractor?

Most debtor finance companies never disclose their fees; however we are proud to provide transparent and inclusive rates so suppliers and subcontractors understand what the real cost is.

– There is an initial fixed fee of 3.5% of the invoice value, which covers the first 30 days the invoice is outstanding.

– If the invoice remains unpaid after the first 30 days there is an additional 0.07% per day until you make payment.

These fees are all inclusive. OmniPay does not charge any additional interest, penalties, arrangement fees or management fees, avoiding the typical hidden charges many other finance companies rely on in order to market a “cheaper” headline rate.

Are there any eligibility requirements for OmniPay?

Yes. As OmniPay relies on your financial strength to offer your supply chain early payment, not all companies will be eligible. Please contact us to find out more.

Do I get any kind of payment or commission for allowing my supply chain to access OmniPay?

Yes; we want OmniPay to be a true win-win for all parties.  Participating Partners will be paid an incentive of 0.25%-0.50% of any invoice value financed.

The incentive is payable when you pay within your originally agreed payment terms.

We’ve structured it this way to reward you for participating and to encourage you to pay your invoices on time, which limits the time that your supplier/subcontractor may incur additional fees.

If we join OmniPay, do my suppliers/subcontractors have to use it?

No. OmniPay is completely optional; if they decide to join then they can elect to finance their invoices on an invoice-by-invoice basis, or not at all.

Does my supplier/subcontractor need to put up any security or financials to access this product?

No. As OmniPay relies on your financial strength, there is no personal or real estate security required. After their initial application there are no more forms to complete, they can finance their invoices quickly and easily.



The more your suppliers use OmniPay the more incentive you earn – and over the a 12 months period that can become a substantial contribution to your bottom line!
Total$

Our Partnerships team will contact you to discuss how we can improve your bottom line and help your suppliers at the same time!


Supplier Assurance

As part of the Gold Partnership program, OmniPay will provide you with continuous credit and business status information on all supplier and subcontractors who have joined OmniPay, which means you can be notified of:

         Credit defaults and insolvency          Director changes
         Court actions          Business name and address changes
         Adverse registrations          Structural changes, ASIC strike-off etc.

OmniPay can also separately provide this service on all suppliers and subcontractors (not only those who have joined OmniPay) for a nominal fee of $165 per entity, which includes both an initial evaluation and 12 months of continual monitoring and reporting.