Frequently Asked Questions

Nivo1’s payments program is a form of Supply Chain Finance, but with no financial guarantee required from you. The program simply allows your suppliers to get paid sooner on approved invoices in exchange for a small discount. This is not a loan; suppliers are simply accelerating the payment on their invoice. It requires nothing from you and helps to ensure the stability of your supply chain.

Payments is offered through our longstanding partnership with global funding providers. There is no funding from your balance sheet or cost to you whatsoever – simply continue to process and pay invoices on the due date using the same method and business process you always have.

No. You continue to process and pay invoices on the due date using the same method you always have. When a supplier initially signs up for the program, you will receive a one-time notification to update their banking information in your ERP. Once this is complete, you simply continue to process and pay invoices as per your approved business process. If you choose, you can elect to enhance your payment position by optionally extending your terms with suppliers utilizing the program.

When a supplier opts to use the program, you will receive a one-time notification called a Notice of Assignment letter from Nivo1 containing instructions on how to update the supplier’s banking information in your ERP. Once this is complete, you simply continue to process and pay invoices on the due date using the same method you always have.

Yes, any invoice that is approved in our system and scheduled for payment is eligible.

No problem. This will not disrupt your virtual card program.

Nothing. We ask that you announce the program to your suppliers via a one-time, pre-scripted email, which you are welcome to customize. Otherwise, there is nothing to do.

Nivo1 payment is available to all your suppliers, regardless of size. Whereas traditional Supply Chain Finance is available only to investment-grade or near-investment grade suppliers, this program was purpose-built to be available for every supplier, including the long tail.

A recent industry survey of 19,424 suppliers found that 56% are interested in being paid early on their invoices. You may not be aware the extent to which your suppliers are already seeking payments. This program provides them with a low-cost, easy way to get cashflow predictability. Usage is 100% optional and does not force suppliers into any lengthy contract or commitment on an ongoing basis. Nivo1 payments is generally faster and easier than traditional loans, and funds can be used for any purpose. Unlike traditional Supply Chain Finance, this program is available to every supplier and at much lower cost than factoring or lines of credit.

To use the program, suppliers simply log in to the Nivo1 Supplier Portal and click the “Pay Me Early” button. They’ll then go through a simple one-time click-through sign-up process. The sign-up can be completed entirely online and takes just a few minutes. Once it’s done, they can access payments at any time.

No. The program will have no impact on credit scores. This is not a loan; suppliers are simply accelerating the payment on their invoice.

No. We provide comprehensive ongoing customer support to the suppliers including a dedicated help desk to answer questions as needed.