How does RITMO make these payments easier?
From the merchant´s perspective, invoices sent by the supplier are automatically uploaded to RITMO´s invoice management tool. The merchant only needs to accept the payment and choose the payment terms (outright payment or fractioned payment). Everything else is taken care of. Alternatively, the merchant can simply upload the invoice to the platform, choose payment terms, and the payment will be scheduled.
On top of easily scheduling payments, merchants can sync their invoices information directly with their ERPs avoiding countless hours of manual work.
Thanks to RITMO´s sales prediction engine, merchants can also easily spot cash flow needs over the coming weeks and months and choose the payment terms for each expense that better fit the business.
From the supplier´s perspective, invoices sent to RITMO customers show up on their own accounts receivables dashboard which allows them to easily track the status of the invoices raised on their clients. This facilitates cash flow planning for them and reduces uncertainty.
The best part? These payments are anywhere between 50% to 90% cheaper than with existing providers.
RITMO connects both sides of the transaction on the same platform, reducing operational burden and inefficiencies, costs, and uncertainty, allowing to better manage cash flows and freeing up time that should be spent making the business grow.