PAIDD offers a cloud‑based early‑payment platform that integrates via API with hotel groups’ accounts‑payable systems to present approved invoices to suppliers for accelerated payment in exchange for a pre‑agreed discount. The solution automates discount calculation, payment execution, and settlement, allowing hotels to capture risk‑free returns while suppliers gain immediate liquidity, and charges a success fee only on realized discounts.
Funding
Funding not disclosed
Founders
Product
Problem
Hospitality groups often have large accounts‑payable balances tied up in standard payment terms, limiting their ability to capture supplier discounts for early payment. Without a streamlined mechanism, suppliers lack cash‑flow options, and hotels miss out on risk‑free returns on money they already owe.
Solution
PAIDD provides a cloud‑based early‑payment platform that connects directly to a hotel group’s existing AP system. Approved invoices are presented to suppliers, who can elect to receive payment ahead of schedule in exchange for a pre‑agreed discount set by the hotel. The platform automates discount calculation, payment execution, and settlement, delivering the discount as a return to the hotel while providing suppliers with immediate liquidity. Hotels retain full control over discount rates, participation limits, and program duration, and can pause or adjust the program at any time. Integration is achieved via standard APIs, enabling go‑live within 24 hours without additional IT projects. PAIDD charges only a success fee on the realized discount, ensuring the service is cost‑neutral unless savings are generated.
Target Audience
The primary customers are multi‑property hospitality organizations—hotel chains, holiday resort operators, leisure groups, and cruise lines—that maintain centralized treasury and accounts‑payable functions.
Features
- API‑driven integration with major treasury and AP software, requiring no custom development or workflow changes
- Real‑time supplier portal where vendors view the hotel‑set discount rate and request early payment on approved invoices
- Automated discount accrual engine that applies configurable rates (e.g., 2% for 20‑day acceleration) and tracks participation metrics
- Dashboard for treasury teams to set program budgets, enforce invoice eligibility rules, and monitor returns versus baseline bank yields
- Ability to set per‑supplier or portfolio‑wide caps, seasonal limits, and instant pause/stop controls
- Success‑fee billing model that invoices only on the amount of discount actually captured, with no subscription or upfront fees
- Secure, encrypted data transmission and storage compliant with industry standards for financial data
- Rapid deployment pipeline that provisions the service and begins processing payments within 24 hours of API connection