Siemens Financial Services (SFS) Commercial Finance Americas is marking the one-year anniversary of its Siemens Pay Later Portal, a digital platform designed to streamline the process for the Extended Payment Terms (EPT) solution for Siemens-related invoices.
Launched in May 2024, the Siemens Pay Later Portal was developed to give commercial customers greater control over their cash flow through a simplified and fully digital financing experience. Over the past year, the platform has onboarded 58 customers and supported the financing of more than 8,500 invoices, totaling approximately $115 million.
“In today’s environment of macro-economic uncertainty and shifting supply chains, it’s more critical than ever that we offer dynamic financial solutions to help our partners stay competitive,” Joakim Prytz, head of captive sales at SFS Commercial Finance Americas, said. “Through EPT, we support our customers in maintaining liquidity, managing costs and inventory, and continuing to invest in growth while ensuring overall financial stability.”
“EPT has been such a quick and easy tool to use for managing cash flow,” Rebecca Sterns, accounts payable at E&M Electric and Machinery, and one of the early adopters of the platform, said. “And now, using the Pay Later Portal, we can submit an EPT request within just 5 minutes.”
“The response since launch has been overwhelmingly positive,” Jason Paz, business development manager and EPT product owner at SFS Commercial Finance Americas, said. “Businesses appreciate the ease of access and the user-friendly design. The portal reflects our broader commitment to digitization and customer-centric financing solutions.”
