How It Works
We’re bringing a new level of choice and flexibility to the world’s payment systems. Simplicity. Liquidity. Risk-free.
Buyers or "Customers" utilize Axadon to organize payables in one place and manage cash flow by choosing when they would like to pay specific invoices. Buyers are issued an "Axadon Limit" which is the maximum amount of total unpaid invoice balances a Buyer can have outstanding at one time. Axadon will pay vendors whenever a vendor chooses regardless of when the buyer chooses to pay Axadon. A Buyer can pay Axadon for an invoice any date within 120 days of the invoice issue date regardless of when the invoice says payment is due. Every time an invoice is paid to Axadon by the buyer, that amount becomes available again toward the buyer's Axadon Limit.
Vendors are invited to Join Axadon by their Customers. Vendors do not need to apply for any type of credit approval. Once a vendor signs up for an online Axadon account, they are prompted to link a bank account. When their customers enter invoices, the Vendor receives automated emails prompting them to log in and schedule a "pay date". The vendor can choose to be paid on any date between the date the invoice is entered by the customer and the due date as listed on the invoice. The vendor can even choose to be paid prior to the date their customer pays Axadon for the invoice. Vendors can also choose automated payment setting such as "Auto Early Pay" or "Auto Due Date" Pay.
Defer / Early Pay
Customers and Vendors are given the freedom to choose their own "Pay Date" regardless of which option the other party chooses. For instance, if a customer enters a net-30 invoice into the Axadon portal on the day it is issued to them by their vendor, the customer can choose to pay Axadon (their "pay date") for the invoice: early (prior to the due date), on time (on the due date), or late (after the due date). Customer can pay Axadon any date up to 120 days from the invoice issue date. In this scenario, the Vendor would have the option to receive payment early (prior to the due date) or on time (on the due date).
Utilizing Axadon to pay or be paid for invoices is completely free for both Customers and Vendors.
There are no application fees, origination fees, or monthly fees. For Customers, a defer pay fee is only incurred if they choose to pay an invoice past the due date. For Vendors, an early pay fee is only incurred if they choose to be paid prior to the invoice due date. Please see below for examples:
Pay Prior to Due Date
Customer receives an "early pay Discount" on their invoice equal to 3% per annum. The total early pay discount is calculated based on how many days prior to the due date the invoice is paid.
Pay On the Due Date
Customer pays no fees and receives no discounts. Payment will be run on the due date for the full invoice amount.
Pay After the Due Date
Under this scenario, Customer pays a "defer pay fee" calculated as a percentage of the invoice and pro rated based on the # of days past the due date Customer chooses to pay. The defer pay fee percentage is determined for each customer during the application process.
Get Paid On the Due Date
If Vendor choose to be paid by Axadon on time, they will incur no fees whatsoever. Axadon will pay the Vendor for the invoice in full on the due date regardless of when the Customer chooses to pay Axadon for the invoice.
Get Paid Prior to the Due Date
In this scenario, the Vendor would incur an "early pay fee" which is calculated as a percentage of the invoice and pro rated based on the # of days the vendor choose to be paid prior to the invoice due date. The early pay fee percentage is determined by Axadon during the Customer's application process.
Every day vendors send invoices to their buyers and hope (and hope some more) that their buyers will pay on time. Buyers receive invoices and hope they will have the cash flow to pay on time.
"Hope" is nice and all... but it has no role in 21st century business. Axadon allows buyers to pay invoices when they have available cash flow and allows vendors to be paid whenever they want regardless of when the buyer wants to pay. We take the guesswork out of the complicated and stressful supply chain.
- Step 1 Buyer applies to be an Axadon approved buyer HERE
- Step 2 Buyer invites vendors to join via Email
- Step 3 Buyer enters invoices into their Axadon portal and schedules their "Pay Date" for any date within 120 days of the invoice issue date
- Step 4 Vendor schedules their "Pay Date" for any date between the invoice issue date and the invoice due date