Optal’s working capital solution, Invapay, turns underutilised credit lines into a dynamic resource to manage cashflow. It allows businesses to handle big payment deadlines for utilities, overheads and even tax, putting commercial credit card facilities to work and ensuring that banking partners benefit from smarter and more flexible use of credit services offered to business customers.

Overview of Invapay

Commercial credit card facilities from your banking partner can help to fulfil payment obligations without tying up valuable liquidity or relying on money that’s expected to hit a business account. But all too often, supplier acceptance and transaction fees get in the way. As a result, credit lines go unused, reducing payment options for businesses that have credit card facilities in place. Invapay solves this problem. Invapay removes the need for supplier acceptance of credit cards, and extends restrictive Days Payable Outstanding (DPOs) by delivering transactions to the supplier immediately and directly. It works with all major issuing banks and card scheme brands, including Visa, Mastercard and American Express. No applications, just intelligent use of facilities already at your disposal, extending your buying power.

Invapay enables smart use of working capital for a business via existing commercial credit cards – whether that’s a single card or multiple credit lines. This can help finance departments manage payment peaks created by corporate tax obligations, rent and utilities bills, all the way through to smaller, more frequent payments.

Learn how to manage deadlines more effectively by utilising credit in our 'How commercial credit can create smart working capital' guide.
Download now

Paying suppliers and sub-contractors on time is crucial to the smooth running of a business. Invapay’s platform ensures payments can be made when needed, without affecting your cash flow, helping to build and maintain better, more productive relationships.

Find out how to streamline your supply chain management with Invapay in our 'How commercial credit can create smart working capital' guide.
Download now

With Invapay, there’s no need for businesses to seek approval for new credit lines or take out risky short-term finance. Our platform uses existing resources to securely and efficiently pay suppliers and sub-contractors – while a strict authentication process keeps transactions safe.

Learn more about how to pay suppliers securely and efficiently in our 'How commercial credit can create smart working capital' guide.
Download now

The Invapay onboarding process is simple. Once an organisation is up and running, the platform is easy to use, reducing the administrative burden and ensuring that all payments go out exactly as instructed.

Find out how to take advantage of the user-friendly Invapay platform in our, 'How commercial credit can create smart working capital' guide.
Download now

The Benefits

  • Unlock working capital

    Businesses can access working capital while extending days payable outstanding (DPO), easing the pressures of day-to-day payment challenges.

  • Streamlined Platform

    Operations can be streamlined, and administrative burdens relieved with an easy to use platform.

  • Improve relationships

    A frictionless experience for payees can maintain positive supplier and sub-contractor relationships at no financial cost.

  • Grow business

    Banks can ensure credit lines are utilised effectively, helping them grow in a competitive landscape.

Invapay optimises working capital for a buying organisation by extending DPO for up to 55-60 days, whilst ensuring suppliers are paid on time with no unwanted extra charges”

How it works

Invapay provides a working capital alternative, unlocking the funds from commercial credit card lines to settle payments. It’s a simple solution for businesses looking to put their commercial credit cards to work and drive efficiency. For banking partners, this can ensure greater commercial credit card line spending. Once the Invapay platform is set up, payments can be made via batch file upload or as a single transaction by authorised users set up during the onboarding process. Here’s how it works.
1

The organisation is issued with a commercial card account number, which is lodged in the Invapay platform.

2

An authorised user sends a payment file to Invapay with instructions to make a payment.

3

The lodged card account is debited for the sum indicated. The acquirer sends funds to Invapay’s client money account for onward payment to suppliers.

4

Invapay processes an Electronic Fund Transfer to the supplier, arriving with a reference number.

Invapay helps Banks and Businesses

Invapay is a useful tool for any business looking to better utilise their commercial credit card facilities, ensure access to working capital, improve cash flow and maintain positive buyer relationships.

Banks

Invapay can assist banks looking to provide innovative solutions to customers, ensuring their credit lines are utilised effectively to maximise revenue from commercial credit cards.

Businesses

Invapay can help businesses looking to unleash working capital, juggle payment deadlines more effectively and streamline operations.

Only the Invapay entities of the Optal group (of which Optal Limited is the ultimate holding company) currently provide the Invapay solution within their relevant jurisdictional reach. Please click on the "Regulatory Information" tab below for further details.

Who is it useful for?

Invapay is a useful tool for any business looking to better utilise their commercial credit card facilities, ensure access to working capital, improve cash flow and maintain positive buyer relationships.

Invapay enables smart use of working capital for a business via existing commercial credit cards – whether that’s a single card or multiple credit lines. This can help finance departments manage payment peaks created by corporate tax obligations, rent and utilities bills, all the way through to smaller, more frequent payments.

Learn how to manage deadlines more effectively by utilising credit in our 'How commercial credit can create smart working capital' guide.
Download now

Paying suppliers and sub-contractors on time is crucial to the smooth running of a business. Invapay’s platform ensures payments can be made when needed, without affecting your cash flow, helping to build and maintain better, more productive relationships.

Find out how to streamline your supply chain management with Invapay in our 'How commercial credit can create smart working capital' guide.
Download now

With Invapay, there’s no need for businesses to seek approval for new credit lines or take out risky short-term finance. Our platform uses existing resources to securely and efficiently pay suppliers and sub-contractors – while a strict authentication process keeps transactions safe.

Learn more about how to pay suppliers securely and efficiently in our 'How commercial credit can create smart working capital' guide.
Download now

The Invapay onboarding process is simple. Once an organisation is up and running, the platform is easy to use, reducing the administrative burden and ensuring that all payments go out exactly as instructed.

Find out how to take advantage of the user-friendly Invapay platform in our, 'How commercial credit can create smart working capital' guide.
Download now

“Invapay is an innovative digital solution that allows organisations to transform underutilised credit lines into working capital”

FAQs

Invapay is a wholly owned subsidiary of Optal that provides web-based platforms for buyer-initiated credit card payments to suppliers – even to businesses that don’t traditionally accept credit card payments.

Invapay has two user groups: the corporate buyer and the supplier.

When an Invapay powered transaction takes place, the corporate buyer is issued a commercial card account by their card issuer. This is lodged in the Invapay platform. The buyer then delivers a payment file to Invapay, which debits the buyer’s card and credits the safeguarded account. The corporate buyer can pay 100% of their suppliers using a card.

Meanwhile, the supplier is paid quickly, easily and on time. And the Invapay technology means there’s no requirement for them to accept cards, so they can avoid contracting acquirers and having to pay transaction fees. Making it a frictionless process with virtually no administrative burden.

Buyer Supplier
Cash flow optimisation, maximising DPO using card-based credit line Frictionless process for the supplier – no development work required
Integrates with any current proprietary ERP feed No requirement for acquirer relationship in order to receive payments and reduced cost with no terminal hire
Buyer initiated payments provide total control Minimises cash collection activity with customers
Enhanced data drives cash flow insights Improved DSO and working capital
Potential for early payment discount negotiation with supplier Increased data assists and accelerates payment reconciliation

No. Invapay is purely a technology platform to help businesses pay suppliers. The card and credit line on the platform is issued by the client’s partner bank. Neither Invapay nor its parent company, Optal, provide credit facilities.

Invapay powered payments can be instructed either on an ad hoc basis or in a bulk file loaded via SFTP or on the platform. Suppliers receive funds from the platform into their designated bank account, with branded electronic remittance advice sent to the nominated contact.

Transactions must be approved prior to execution, and we ensure the separation of duties between people involved in the transaction in order to prevent fraud. If a payment file is submitted via SFTP, payments do not have to be authorised.

You can set up multiple makers and approvers as part of the implementation process, and Invapay will work with client and bank to determine a platform structure that reflects the corporate purchasing structure.

Suppliers in the UK will receive funds on the day after a charge is made, as will suppliers behind GMT (potentially). Suppliers ahead of GMT will receive funds on the day after that.

GBP, USD, EUR, SGD, AUD and NZD can be settled into the Invapay Segregated account and paid out.

Supported card credit currencies are dependent on the issuing bank and which currencies they support.

Further currency requests will be considered, but a business case to justify the required development would be required.

No.

Full pricing is agreed with our partner banks and they can provide the detail. Volume of payments, number of buyers and the complexity of the set up can all potentially affect pricing. Ordinarily the minimum cash flow is £10 million. However, in circumstances where the partner bank wishes us to work with a strategic relationship, we will consider flows above £5 million.

Full corporate due diligence is carried out on all buyers prior to implementation. Sanctions and bank verification checks are made for suppliers located in low or medium risk territories. For those in high risk locations, a full KYC process would be carried out. Due diligence of suppliers remains the responsibility of the buying organisation as they have a contractual relationship with those suppliers.

There’s no limit on suppliers, other than those located in sanctioned countries.

No. Invapay works with all suppliers – not just those that accept cards.

Multiple cards can be used on different billing cycles to ensure that transactions take place on day one of the billing cycle, thereby maximising Days Payable Outstanding (DPO). This is set up during the implementation process.

Invapay means that a single process can be used to pay 100% of suppliers, maximising business process efficiency. It also streamlines the payment process to provide secure, automated reconciliation.

Every new client gets a designated contact to manage on boarding. Average implementation time is around six weeks (contingent upon resources being in place at the client and at the bank).

Full Invapay platform user training is provided, either as a WebEx or face-to-face session. We also “train the trainer”, so information and experience can be passed on.

Invapay integrates with all proprietary feeds from major ERP providers. Should the provider have developed a bespoke file format for a client, Invapay can look to develop a suitable integration to facilitate data flow.

Full support is provided by Invapay via a JIRA based system to ensure that any technical or training issues are remedied ASAP. We also provide telephone support between 8:30am and 5pm (GMT).

In this instance, Optal would work with the client to retrieve funds. However, clients should ensure details are correct before loading suppliers onto Invapay.

Since launch, Invapay has been fully operational for over 99% of the time, with the platform only down for scheduled weekend or evening maintenance. In these cases, all clients are informed three days in advance.

The set up fee covers the cost of Invapay on boarding, including due diligence. It also includes the purchase of a Merchant ID (MID) which is used to identify client funds within our safeguarded account. The fee is charged by Invapay directly and is effectively agreed to when terms and conditions and fee schedules are signed.

Optal has extensive experience in the sector. And we understand how speed of activity, decision making and approval processes differ from the private sector.

Download a pdf containing all of the FAQs here.

Download now

Talk to us to discover how Optal can add value to your organisation.

Business Development: +44 (0)333 230 1842
Invapay Technical Support: +44 (0)3308 387 490
Press & Media: +44 (0)203 772 8842

info@optal.com

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