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Onboard, manage, and grow relationships with your suppliers with our all-in-one global supplier management platform.
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Enhance resiliency while creating strong and agile supply chains with our SaaS supplier management platform.
Overview
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Supplier ManagementManage all supplier information in one platform.Supplier DiversityAll-in-one supplier diversity program solution.Supplier OnboardingOnboard your suppliers faster.Sustainability Assessments & ReportingGet more transparency into your supply chain.Virtual PaymentsGet 1.5% cash back for paying your vendors.
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Get your small or diverse business certified, list your business in our database, and find better opportunities.
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Enhanced Digital CertificationThe world’s most accessible small and diverse business certification.Premium SupplierTake your business to the next level.Supplier DatabaseList your business and get in front of more buyers.
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Blog

SupplierGATEWAY partners with BluePenguin to launch SGPay Virtual Payment

Leanne Strickler
Published October 08, 2020

Earn 1.25% cash back or more from your account payables (AP), and make efficiency profitable.    

SupplierGATEWAY has released a new robust and versatile virtual payment feature called SGPay. With SGPay, your payments generate 1.25% or more cashback starting from the very first transaction! Instead of using costly and inefficient traditional payments, virtual payment solutions provide added security, time-savings, and are easy to use.  

SGPay is the powerful result of a collaboration between SupplierGATEWAY and BluePenguin, a leading virtual commercial card issuing platform. This partnership provides digital payment solutions that improve AP processes, benefiting both buyers and suppliers in automating their payments system and making it easier to pay suppliers early or on-time. With SGPay, automated AP solutions, you can eliminate the headaches that go along with traditional payments and immediately enjoy the added benefits of virtual payments, especially cash back on every transaction.

Virtual payment has steadily become one of the most flexible electronic payment methods available, especially in the business-to-business (B2B) ecosystem. According to the PYMNTS report (2019), 46.4 percent of AP professionals prefer implementing electronic invoice solutions, and 22,9 percent would like to integrate ePayables with virtual cards into their B2B operations.

“We are excited that SupplierGATEWAY can bring cost savings, efficiency and security to our clients’ payment transactions through this partnership with BluePenguin, especially in these trying times,” said Ade Solaru, Chief Executive Officer at SupplierGATEWAY. “Under normal circumstances, the opportunity to return cash back to the business while streamlining tasks and enhancing security are valuable enough. In the current situation, it takes on even greater importance as companies fight for their very existence.  We are glad that we can play a small part in creating a viable way for companies to stay in the game and create a positive impact on their employees and the economy overall.”

Benefits of using SGPay virtual cards: