The Importance of Paying Your Suppliers On Time

Build strong supplier relationships

Suppliers value dependable partners and are often more willing to negotiate better terms, such as discounts, extended credit, or priority service when they know they can count on timely payments. By being a solid counterparty, you’re setting the foundation for a mutually beneficial relationship that can support your business growth.

Avoid Missed Payments with the Standing Orders feature

Managing multiple payments across time zones and currencies can be challenging, but late payments can strain relationships and disrupt supply chains. Verto’s Standing Orders feature makes it easy to schedule regular payments, so you never miss a due date again. Scheduled Payments can become a standard operating procedure, ensuring you stay on top of obligations without manual follow-ups.

To make the most of Scheduled Payments on the Verto platform, follow these steps:

• From Transactions: Go to Transactions → Wallet → Wallet Payment and apply the scheduled filter.

• From Exchange: Go to Transactions → Exchange → Exchange Now and apply the scheduled filter.

Scheduled payments are marked with a date and time in the "Scheduled" column. Once the scheduled time arrives, our automated payment routing system processes the payment. However, in cases where automation does not queue the payment, you can manually queue it as a normal outbound payment.

Ensure Sufficient Liquidity

One of the key objectives when using Scheduled Payments is ensuring sufficient liquidity for the transactions. Always verify that the chosen provider has enough funds to support the scheduled payment. This proactive approach prevents delays and ensures smooth payment processing.

If payment routing has not picked up a scheduled payment, follow these steps:

1. Check liquidity for the selected provider.

2. Queue the payment manually if necessary.

3. Monitor transactions to confirm successful transfers.

Streamline Your International Banking with Verto

Paying suppliers on time is just one aspect of optimizing your global financial operations. Consolidating multiple overseas accounts into a single international business account can transform how you manage cross-border transactions.

Benefits of Consolidation:

• Simplified oversight of international finances

• Improved cash flow visibility

• Strategic cash positioning to support growth

With Verto’s Global Account offering, you can reduce costs, gain unparalleled visibility, and streamline your international banking operations. By integrating all your financial activities into one platform, you’ll empower your finance team to focus on what matters most—driving business growth.

Take the First Step Toward Financial Transformation

Optimizing global financial operations doesn’t have to be complicated. Verto provides innovative solutions to simplify international banking, automate payments, and improve efficiency. Whether you’re scheduling payments or consolidating accounts, we’re here to help you succeed.

Take control of your international operations and ensure your business remains a trusted partner for your suppliers.

Get started with Verto