Amplēo Partners with VenConnect to Optimize How Customers Manage Supply Chain Finance

OGDEN, Utah and LEHI, Utah, March 29, 2022 (GLOBE NEWSWIRE) — VenConnect and Amplēo have partnered to improve supply chain financing options for businesses in Utah and the Intermountain West. Amplēo has joined VenConnect’s Partner Program, which provides a free solution to maximize and optimize a client’s cash flow.

The VenConnect VPS The software-as-a-service (SaaS) platform allows customers to streamline payment processes for their vendors and vendors. Customers can keep their money longer, while vendors and suppliers can choose when they want to be paid based on their personal circumstances and cash flow needs. Vendors and Suppliers have the choice within VPS to choose prepayment discount options to receive immediate funding or continue with standard payment terms.

Customers and their vendors and suppliers have different and often competing cash flow priorities, and our solution eliminates this tug of war while improving the customer-vendor relationship,” said Clint Weston, CEO of VenConnect. “Our exciting partnership with Amplēo reinforces their value proposition as a financial strategist first and enables Amplēo to help clients reduce accounts payable workload and costs while increasing efficiency and liquidity. “

VenConnect’s payment process consists of three simple steps once customers upload billing data and prepayment discounts are presented to vendors and vendors.

  1. Customer approves invoice
  2. VenConnect advances funds to the provider from day one
  3. Customer pays VenConnect within 30-45 days

“Cash flow has never been more important to supply chains, and finding a mutually beneficial financial solution for customers and their suppliers is rare,” said David Chase, CEO and Managing Partner at Amplēo. “VenConnect has developed an intuitive financial solution that removes barriers on both sides and enables the supply chain to move forward. Our customers look to us for solutions that will help them improve their operations, and we are confident that they will find VenConnect’s vendor payment solution timely, innovative and efficient.”

About VenConnect
VenConnect believes that the links between the customer-supplier relationship are paramount and fundamental to the success of any business. The fintech software-as-a-service platform VenConnect facilitates prepayments to vendors and suppliers with a small discount. The company’s vendor payment solution is fundamental to optimizing customer working capital and providing payment flexibility to vendors and vendors. For more information, visit myVenConnect.com.

About Ampleo
Amplēo, formerly Advanced CFO, puts the best finance professionals in the hands of business owners and operators. Our outsourced CFOs, controllers, accountants and turnaround/receiver professionals offer a full range of financial services, providing the expertise owners and managers need to grow their business. The company believes that successful businesses are built on three pillars: strategy, financial integrity and capital. Ampleo consultants guide businesses to smart growth at a fraction of the cost of a full-time employee. For more information, visit ampleo.com.

Media Contacts:
Clint Weston
VenConnect
801-689-2970
[email protected]

Haley Stepan
Amplēo
469-465-9445
[email protected]

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Michael J. Birnbaum