BidFin launches One Touch flexible customer payments solution

BidFin has launched a new financial product for the IT industry called One Touch that allows customers to opt into monthly, quarterly or annual payments for their upfront technology purchases, directly from supplier invoices.

Head of BidFin A/NZ Ross Simon described the new product as a “game changer” for tech purchasing in Australia and it was available to all suppliers ranging from vendors, resellers, services entities and distributors.

Within 15 minutes, One Touch freely integrates with all quoting and accounting platforms such as Xero, MYOB and Microsoft Dynamics 365.

Simon explained the target market was any technology supplier that sells hardware, software or services that would like to recognise cash up front, while offering customers friendly payment terms without complexity.

“Technology sales reps need a solution that provides integrated support at the flexible payments level with their customer engagements, adding value to their sales proposition” Simon said. 

“This is what One Touch does. We have been looking forward to releasing this solution for many years. Now with the digital capability with Humm’s backing, we have been able to bring this to market.”

“Customers have an uncertainty to future cash flows and revenues but wish to continue investing in technology. BidFin allows customers to hang onto all important working capital while still being able to transform and grow at the same time by accessing the technology they need.”

Simon added One Touch offered a huge step change to what was currently available in the market. 

“By being integrated into the suppliers quoting assets, it negates the need for manual finance quoting back and forth between BidFin and our technology supplier partners. This ultimately accelerating the sales cycle” he said. 

“We are belligerently committed to making is easier for customers to access our flexible payment solutions. This allows every single customer that a supplier engages with the ability to consider and opt into a flexible payment option through the quotes and invoices that they receive, fuelling sales and incremental revenue for the supplier. The impact to suppliers is material.

“There has never been a more important time to have a low cost of entry payment offering included in suppliers’ sales process’”