A governed settlement layer that operates only on approved invoices. Suppliers continue to receive funds via EFT into nominated bank accounts. Card rails, including VCN, are used inside our managed environment, with GlobalFinex B2B as Merchant of Record. Suppliers never see a card.
Flow provides controlled flexibility over how approved invoices are settled. From the buyer's side, settlement execution becomes deliberate, centralised and auditable. From the supplier's side, payment continues to arrive as EFT into their nominated bank account.
For good reason. The market is full of virtual card schemes that solve the buyer's working-capital problem by pushing operational cost to the supplier. Card data to handle. Manual processing. Expiry rework. Fraud exposure. We solve it differently.
Banks sell VCN. We become the Merchant of Record.
Prerequisite: an active commercial card programme. We work with your existing programme. We do not issue cards.
A worked example on a single approved invoice. Day 0 is the day approval lands.
Approved invoices route through our managed settlement layer. The buyer's commercial card funds the settlement and captures whatever rebate the card programme provides. DPO extends to the card statement date.
It is no different to ringing a supplier and asking for 30 days extra. Except you are not asking. You are not trading the favour. And the supplier does not change behaviour.
The supplier never sees a card. They never handle card data. They never process a payment. They receive EFT into their nominated bank account with remittance advice. Exactly as they always have. The card transaction is between the buyer and us. PCI exposure, fraud risk, expiry handling and manual reconciliation all stay on our side of the line.
Most card-funded settlement platforms are not structured as Merchant of Record. They issue the card and pass the operational consequences down the chain. We hold the MOR position. The card is our problem. The supplier disbursement is our problem. The buyer keeps the working capital benefit and the rebate. The economics are clean. The supplier relationship does not change.
A control layer between approved liability and settlement execution. Leaving upstream P2P, ERP and banking relationships exactly where they are.
Drawn from the Visy implementation: traditional VCN model on the left, Flow on the right.
Flow supports the controls that finance, treasury, governance and audit functions expect. By default, not as add-ons.
Settlement instructions and supplier data are handled inside an environment built to meet the standards your audit and risk teams require.
Comparing Flow with virtual cards, SCF and other working-capital tools? See where each one fits →
Flow can be used independently as a settlement-control mechanism. Or alongside Pace where broader payment timing flexibility is required.
