A global, effective and efficient financial technology solution to the cash flow restraints of business.
without the SME incurring debt. But bzpay is more than just smart technology.
Unlocking business potential Late payments and constrained cash flow are the bane of businesses worldwide, not only stifling B2B relationships but also restricting broader economic activity and investment. A recent report by the Australian Government and the Australian Small Business and Family Enterprise Ombudsman stated that a lack of cash flow is the leading cause of business insolvency, with Australia lagging internationally in late payments and ranking behind countries including Mexico. The report concludes “something must be done”. The innovative and disruptive financial technology company bzpay provides the solution. By bringing together suppliers, buyers and financial institutions on one simple platform, bzpay: ● UNLOCKS cash flow; ● UNSHACKLES business; and ● UNLEASHES growth potential. It’s a unique financial technology solution where all parties involved benefit, regardless of size or the nature of industry in which they operate. It’s a commercially viable alternative to the way B2B transactions are traditionally performed.
About bzpay bzpay is an emerging disruptive, patented Australian financial technology transaction platform based in South Australia but with the ability to scale nationally and globally. Financial technology is one of the fastest growing sectors in Australia and is forecast to be valued at $4.2 billion by 2020, up from $247 million in 2015. This impressive growth reflects the high demand within the corporate environment for innovative financial technology-based solutions that address the real-world challenges and opportunities facing business. bzpay is uniquely positioned in this dynamic and disruptive industry given its advanced, low cost, instant and global payments transaction platform that addresses the cash flow problems facing businesses right across industry sectors. This patented system is particularly attractive to small-to-medium sized enterprises, which make up the bulk of the economy, potentially cutting their payment terms from months to hours
Strength of management Behind the company is a highly experienced management team with a strong track record in finance, business and IT. In our banking team, Lyndal Clarke has built a 28-year career in financial services with a particular focus on risk management, credit, productivity, performance and stakeholder engagement. Before joining bzpay in 2017, Ms Clarke held various senior management positions at National Australia Bank within business banking. In our R&D team, the Inventor and Founder of bzpay Denis Stollery is establishing a specialist team of technical engineers and industry advisers which will allow his team to continually develop new and innovative financial solutions.
How does the bzpay platform work? bzpay is a proprietary payments transaction platform that represents a new and efficient means to settle trade obligations between businesses. bzpay will incorporate distributed ledger technology (“DLT”) or better known as Blockchain in the transaction process By incorporating the latest available technology and automated transactions using pre-agreed terms of trade, bzpay simplifies and accelerates the payment process for all parties in a secure and reliable way, minimizing the debt burden on businesses and reducing risk. The platform intelligently allows issuers, buyers and suppliers to interact, uploading and approving invoices, and processing payments securely. The user-friendly platform is quick to learn and adopt, integrating easily with existing accounts receivable and accounts payable processes with capacity to potentially process tens of thousands of transactions per hour. bzpay effectively replaces the need for businesses to take on debt instruments such as invoice financing or factoring to finance cash flow. It cuts the cost of purchase for all participants in the transaction, streamlines the process and puts businesses of all sizes in greater control of their
finances, thereby allowing more time and energy to dedicate to growing the business itself.
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Who benefits? A key advantage of the bzpay transaction platform is that all participants in a financial transaction stand to benefit, below is a few examples. ●
For the Supplier (who provides an invoice to buyer) in bzpay: -
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The platform is a first, as it is the Supplier that locks in the Buyers accelerated payment date/terms Provides accelerated payments and cash flow while minimizing debt obligations Facilitates receiving payments without the Supplier having to incur any form of debt to receive the Buyer payments Avoids the need for other facilities such as trade insurance and invoice finance as the Supplier receives accelerated payments from Buyers Eliminates transaction, service and management fees Saves on costs of delayed payments or resources in chasing up late payers Unlocks capital faster to invest in business growth and new employment Encourages new income streams and benefits for the Supplier when receiving accelerated payments from Buyers For the Buyer (purchaser of the supplied good or service), bzpay:
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Reduces the cost of purchase and invoice process management Provides new income streams for the Buyer and other benefits when accelerating payments to their Suppliers Retains ability to preserve working capital Provides new balance Sheet benefits and Treasury management options A process to access to Global financiers ● For the Issuer (typically a bank or financial institution), bzpay:
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Reduces capital cost and improves the security position for the Bank On boarding new customers at lower cost. Are seen by Government to be introducing a financial cash flow solution for SME’s to receive accelerated payments from Buyers without the Bank having the SME risk. Provides an attractive solution under the Basel Accord for Banks to reduce LCR risk. Reduces risk as the bank is not involved in the transaction/invoice between Supplier & Buyer a
Global potential The bzpay system has built-in global scale ability, making it even more attractive to exportoriented enterprise or overseas-based businesses. The unique ‘by-invitation’ userfriendly nature of the platform promotes exponential growth potential in its uptake.
Industry interest and collaboration bzpay is already attracting interest from major institutions across Australia, New Zealand and the United States which all see the exciting Global potential of this unique offering. Advanced discussions to become bzpay Issuers in our Pilot are underway with Financiers and one of Australia’s Big Four banks as the platform progresses to transactional testing, while under a partnership agreement with the University of South Australia graduating IT students working closely with the bzpay R&D team on projects in preparation for the platform’s deployment.
Contact bzpay www.bzpayglobal.com bzpay Trading Pty Limited 140 Greenhill Road, Unley SA 5061 Email:
[email protected]