Michael Thorburn's Contact Details

Michael Thorburn's Company Details

ProgressPay

Melbourne, Victoria, Australia • 3 Employees
Construction

ProgressPay is an innovative financing solution that allows subcontractors and suppliers to be paid within 1 business day of approval of their invoices. This improves cash flow and allows them to fulfil more jobs and orders and grow their business. We offer the first true win-win supply chain finance in Australia, with great benefits for customers, buyers and their supply chain. Our financial solution is a collaborative supply chain finance product that relies on the collaboration between subcontractors and their clients. It is offered to suppliers and subcontractors, with the support of participating customers and buyers and our partners at PayApps.How we do itWith ProgressPay, we pay suppliers and subcontractors 85% of the value of their invoice within 1 business day of their customer approving the ProgressPay request. The remaining 15% (less fee) is paid to the subcontractor when the customer pays us for the invoice. There is no change to existing payment terms or costs, and no joining, administration or management fees. ProgressPay is completely optional and suppliers can choose which, if any, of their approved invoices they want paid early. ProgressPay is based in Australia, so our local team is always ready to assist; in person or online. To arrange an initial, confidential discussion, contact our office on 1300 368 382 or email support@progresspay.com