Kyriba Supply Chain Finance Technology Helps Scientist.com Make Early Payment Options Available to All R&D Suppliers
SAN DIEGO, Dec 6 (Bernama-BUSINESS WIRE) — Kyriba, the global leader in cloud treasury and finance solutions, today announced that the company’s strategic partnership with Scientist.com has led to the creation of SciPay™, an early payment platform for suppliers of pharmaceutical R&D services. All of Scientist.com’s 3,100+ signed suppliers now have the ability to choose from multiple early payment options, use dynamic discounting and manage invoices online. Suppliers can even choose to receive payment the same day, an advantage previously only available to large suppliers.
“SciPay is powered by Kyriba’s industry-leading supply chain finance technology,” said Kris Kagan, Vice President of Finance, Scientist.com. “Together, we have created a state-of-the-art online platform that enables suppliers to receive early payments, manage invoices and increase cash flow. Suppliers benefit from an acceleration in their project timelines and a reduction in research gaps resulting from better access to capital and on-time payments.”