Genieum provides businesses of all sizes who buy goods and services on invoice payment terms (or would like to) – with powerful tools to gain an unfair advantage. Here are just a few of the key features.
Get a minimum 45 days at no cost within a total flexible restated invoice payment term of 120 days. Get up to 4x larger spending limits.
Be rewarded for your loyalty and earn reward points on your recurring business purchases.
Accessing the Platform Features under your Genieum Account, with enabled buyer functionality, are powerful tools that allow businesses of all sizes to capture Key Benefits.
Having the flexibility to extend your payment terms up to 120 days means your cash flow will improve.
Getting better trade credit allows you to carry more stock, negotiate better pricing, take on bigger and longer jobs and increase sales.
You can be rewarded for your everyday business purchases with the Genieum Rewards Program.
Having longer terms and larger limits gives you flexibility when you need it. Ride out those seasonal lows and unplanned challenges.
Estimate how extended payment terms and early-payment incentives through Genieum can improve your cash flow and grow your business.
Working with Genieum allows you to transform the way trade credit is used in your business. Lets get started by opening a Geniuem Account so you can access Features to improve cash flow, reduce risk, increase sales and get you rewarded for everyday business spend.
An account on the Genieum Platform gives you access to features that will deliver such a compelling point of difference that your business will now have a winning unfair advantage.
Our founder and globally distributed team have over 100 years’ experience across finance, trade credit, sales, business transformation and technology – ready to support you.
Adopting Genieum into your business does not require changes to your existing systems or processes. You can opt out of Genieum at any time – but we doubt you will!
Our team and technologies are available 24 x 7 to help you optimise your account features.
In most cases, your Genieum Account will be pre-configured by one of your Suppliers and ready for your approval. You can add users, edit details or cancel your Account at any time. You can also establish an Account yourself. This just takes a few minutes.
You will receive the new trade credit terms via a communication directly from us or your Supplier. You can accept those terms by placing another order from your inviting Supplier or by following the prompts after logging into your Genieum Account. You can elect to opt out at any time. A Business Owner will need to visit the Platform to activate any Business Rewards and remove any initial spending limit restrictions that may apply.
You can log in to your Genieum Account at any time to edit your Account details, manage users, request Supplier or Partner Role functionality, get reports and statements, review transactions, manage limits and support requests.
You will receive links to statements and payment reminders via email. However, you can log into your Genieum Account at any time to manage your payments, rewards and credit notes.
Nil. There is no interest. There are no transaction fees if restated invoices are paid within the 45-day or longer payment window we set with your Supplier. After this window, dynamic early payment incentives of about 2% p.m. apply for the maximum 120-day payment term.
Great question. You will get minimum 45-days interest free within up to 120-day payment terms. You will get larger spending limits to carry more stock. You will be rewarded for your loyalty. All these benefits will improve your cash flow, increase your sales and reduce your risk.
Good question. Genieum is neither factoring nor lending. Genieum is not a lender and does not provide traditional credit to either the Supplier or the Buyer. Genieum provides Suppliers and their Buyers with better trade credit under a Member Agreement. These master terms apply to the settlement and novation of restated invoices via the Platform. There will be no impact on standard ordering, delivery, invoicing and non-payment terms applicable to the goods and services under the Supplier-Buyer relationship. Subject to the Member Agreement terms, Genieum will settle restated invoices to Suppliers within 3-days and Buyers get a maximum 120-day payment term to pay Genieum the restated invoice amount subject to dynamic early payment incentives.
Good question. If you buy from businesses on invoice payment terms (aka trade account or trade credit terms) (or would like to!) and you have been trading successfully for at least 12 months, then you would be eligible for Genieum. We have clients of all sizes operating in all industries.
No. Genieum is straightforward to adopt. There is no locked-in minimum contract term. You place orders and deal with your suppliers like normal. Genieum agrees with you and your supplier the terms of invoice novation and restatement without interfering in the normal ordering, delivery and invoicing process. If you would like, we can automatically update your accounting systems via our technology platform integration options.
You will have an account on the Genieum platform. You can log in and process payments, access reports and monitor all your transactions. You will also receive monthly statements and text and email payment reminders so you can stay on top of your transactions and payment obligations.
Whether you or your clients are selling and/or buying on trade credit terms, you need Genieum
Thank you for your interest. Please let us know how we can help.
