Cardready.io Helps Global Businesses Optimize Supply Chain Management and Payment Strategies

RobobAI, a global fintech leader harnessing AI technology to optimize supply chains, has launched Cardready.io—a groundbreaking free tool designed to empower businesses by identifying suppliers that accept card payments. This innovative solution promises to unlock opportunities, reduce costs, and free up working capital for global organizations. 

“In today’s fast-paced business environment, every efficiency counts,” says Julian Harris, CEO of RobobAI. “Cardready.io gives organizations the knowledge they need to enhance their B2B payment strategies. By identifying card-accepting suppliers, businesses can streamline processes and uncover hidden financial benefits.” 

Cardready.io offers businesses a straightforward way to determine whether one or more suppliers accept card payments. Armed with this information, organizations can: 

• Optimize working capital 

• Reduce tail spend 

• Cut compliance and onboarding costs 

• Accelerate payment times 

• Minimize supplier payment fraud 

• Boost ROI of contract management 

Optimize Working Capital for Improved Supply Chain Management

Focusing on card-accepting suppliers can unlock trapped liquidity by expediting payments and improving cash flow. Suppliers accepting card payments often reduce purchase cycle time by up to seven days—a 71% improvement over traditional processes. Additionally, businesses may gain access to rebate and rewards programs through virtual card issuers, further enhancing working capital and enabling interest-free financing options. 

Cut Compliance and Onboarding Costs 

Pre-onboarding insights into supplier card acceptance can significantly reduce onboarding expenses, which average $5,000 per supplier in many industries. Furthermore, leveraging virtual cards can cut administrative costs by up to $69.85 per transaction compared to traditional purchase order-based processes. 

Maximize Hidden Value in Tail Spend 

Tail spend often presents untapped potential for cost savings. Virtual corporate credit cards simplify this challenge by offering precise control and visibility over each payment. This capability ensures compliance and prevents overspending, transforming tail spend into a manageable and valuable resource. 

Accelerate Payment Times 

Organizations that pay suppliers by card can materially enhance their payment performance metrics. Card payments enable faster transaction processing, providing opportunities to negotiate early payment discounts and favorable supplier terms. These improvements strengthen supplier relationships and optimize cash flow. 

Reduce Supplier Payment Fraud 

Card payments offer secure, trackable transactions, reducing the risk of supplier payment fraud. Cardready.io takes this a step further by incorporating third-party risk filters, including checks for modern slavery, sanctions, cybersecurity vulnerabilities, and financial resilience. This multi-layered approach safeguards the supply chain and bolsters organizational compliance. 

Boost ROI of Contract Management Across Your Supply Chain

Identifying card-accepting suppliers is only the beginning. Cardready.io allows organizations to overlay contract data with classified spend data, revealing opportunities to manage supplier compliance, reduce non-contracted spend, and simplify contract renewal processes. These insights maximize ROI and mitigate risks across the procurement lifecycle. 

“Our mission at RobobAI is to turn data into actionable insights that drive measurable outcomes,” adds Harris. “Cardready.io exemplifies this commitment, offering a simple yet powerful way to revolutionize supply chain payments and operational efficiency.” 

For more information about Cardready.io and how it can help your organization, visit Cardready.io.