PraJá provides a digital platform that allows businesses to offer early payment of receivables to their partners. By integrating with existing systems, the platform gives partners a secure portal to view and opt for early settlement of their outstanding credits, improving cash flow and strengthening business relationships.
Funding
Funding not disclosed
Founders
Product
Problem
Businesses face challenges in strengthening relationships with their partners and improving partner cash flow due to the standard payment cycles for receivables. This can lead to strained partnerships and hinder the financial agility of a business's supply chain.
Solution
PraJá offers a digital platform that enables businesses to facilitate the early payment of receivables for their partners. The system integrates with existing business infrastructure via API to provide partners with a secure, logged-in portal. Within this portal, partners can view their outstanding receivables and opt to sell these credits at their discretion. This process strengthens business-to-business relationships by offering financial flexibility and improving overall cash flow management for all parties involved.
Target Audience
The primary customers are businesses seeking to enhance their relationships with suppliers and service providers by offering them early payment options for their issued invoices.
Features
- API integration for seamless data ingestion from client ERP systems upon invoice issuance.
- Secure partner portal providing visibility into issued invoices and payment terms.
- Functionality for partners to request early payment (factoring) of their receivables.
- Automated credit validation and transaction processing.
- Customizable platform to align with specific business workflows and partner needs.