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Payment Optionality. Allow Suppliers to Choose How and When They Get Paid.
Qwil - Supplier Payment Optionality
byQwil
Solution Types
APIs and Technical Components
Works with
SAP Fieldglass
Benefits and Features
Benefits
Increase Supplier Adoption and Capture More Spend
Provide the first technology driven financing solution to suppliers that works with both the VMS and with the MSP. No longer does spend have to go outside the program for suppliers to get supply chain financing.
Supplier Diversity and Retention
Attract and include suppliers of all sizes in your program by offering an integrated financing solution to all suppliers. All while maintaining the rigors and controls of the VMS as the source of truth.
Administrative Relief
Cost Avoidance and back-office relief as Client or MSP will only need to make one payment to Qwil. Qwil will make payments to suppliers on Clients behalf regardless of whether or not the supplier chose the early payment option
Dynamic Early Payment Fee
This feature allows suppliers to get paid on the invoice when they want anywhere from Net1 to end of the payment cycle - on a sliding scale where the fee decreases over time.
Single Source of Truth for Payments
We use the SAP API integration to obtain Suppliers invoice records from Fieldglass. All of the metadata including invoice ID, Consolidated Invoice ID, Invoice ID, Worker/SOW ID, Time Stamp and Itemized Cost is displayed within Qwil.
Get Paid As Soon As Invoices Are Approved
Suppliers can get paid as soon as their invoices are approved, regardless of client net billing terms. Additionally, they can elect to take some all or none of each invoice and only pay fees on amounts they take early.
Plans and Pricing
One Time Edition
From
USD
1,000
.00
Per Month
One Time Edition
There is a $1,000/month licensing fee and it is waived if there is $500,000 invoice volume per month
Technical Information
The information contained in this section is provided by the publisher.
Solution Types
  • APIs and Technical Components
Works with
  • SAP Fieldglass
Publisher
Qwil
Founded in San Francisco in 2015, Qwil has provided millions of dollars of funding to staffing suppliers over the last 5 years by purchasing their invoices to some of the world’s largest companies.
Publisher Website