Lendica Announces Partnership with Top ERP Software Companies to Launch FundNow and PayLater

These collaborations usher in a new era of supply chain financing. Customers of Flourish and Apex will soon be able to immediately receive funding for open invoices and provide better payment options to customers – all with a few clicks directly from their ERP dashboard.

FREMONT, CA: Lendica, a fintech startup that offers embedded financing solutions, recently formed a collaboration with industry-leading supply chain management platforms Flourish Software and Apex Trading.

These collaborations usher in a new era of supply chain financing. Customers of Flourish and Apex will soon be able to immediately receive funding for open invoices and provide better payment options to customers – all with a few clicks directly from their ERP dashboard.

"Smart operators know the importance of optimizing their cash flow throughout the supply chain," stated Jared Shulman, CEO of Lendica. "The challenge is the process is often confusing and drawn out. Our software provides transparent funding options from right where and when the customer needs it – right at their 'point of decision.' No more wasting time with dead-end financial institutions and more time focused on scaling the business."

"We are fortunate to partner with Flourish and Apex who demonstrate the importance of great user experience and customer success," stated Lendica's CTO Jerry Shu. "Both of these companies have a growing base of customers that can soon use Lendica's software to get smarter about their cash flow."

Through Lendica's iTab – an integrated application that sits on top of Flourish/order Apex's dashboard – operators can activate FundNow, a tool used to get paid immediately on outstanding invoices, or PayLater, a way for their customers to pay invoices over time, within a few minutes. Once activated, operators can choose individual or bulk invoices to FundNow or PayLater right away. Lendica provides the capital and facilitates the collection and distribution of funds through its secure payment platform.