We’re excited to announce a new landmark partnership between Qwil and SAP. As of today, Qwil is recognized as the SAP Fieldglass® preferred financial partner, providing immediate liquidity to suppliers.
This is a milestone in our company’s journey because of SAP’s size and their large reach of suppliers who will now be able to take part in an ecosystem that involves the Qwil liquidity solution.
The SAP Fieldglass® supplier network is composed of carefully vetted businesses, selected with the utmost scrutiny and diligence, by SAP Fieldglass® customers and partners. That’s why we consider this a huge win for both Qwil and the SAP Fieldglass® solution as we’re now the preferred financial partner for their supply chain.
What does this mean for Managed Service Providers (MSPs) that use SAP Fieldglass® as their Vendor Management System (VMS)?
Simply put, SAP can now offer their Fieldglass® suppliers the option of cashing out on their approved invoices at any moment and for any amount, starting as early as the next day . For suppliers who are used to waiting on long payment terms, this couldn’t have come at a more crucial time.
With the current COVID-19 pandemic, companies and individual employees are being detrimentally impacted by the strain facing the financial services industry. Access to capital is now harder than ever to obtain.
We’re thankful that our services can be of assistance to the largest of suppliers to the smallest suppliers of contingent labor, providing them with immediate access to liquidity.
Qwil, now available on the SAP® App Center,removes the biggest stumbling block to growth by eliminating payment delays. Tens of thousands of Fieldglass-enabled suppliers worldwide can now decide their own payment terms.
Qwil is proud to be a part of the SAP App Center and supporting SAP suppliers!