What we are and quick overview
Paid is a supplier management system, allowing buyers on the Paid platform to engage with, onboard, contract and pay their suppliers through one digital process. Buyers on the platform invite new suppliers to work with them, Paid handles all the onboarding including documentation and compliance checks.
With a supplier on the platform the buyer can issue work orders which are digitally signed by both parties on the platform. Once the work is completed and signed off the buyer pays Paid who then pays the supplier in turn. Suppliers also have the option of taking a faster payment through one of Paid’s finance providers allowing them to be paid on shorter terms. The buyer side then gets one invoice that covers multiple work orders in one go.