CeleraFi's FastPay solution enables government suppliers to get paid early and government to pay the supplier invoices later. Suppliers get paid in as little as 15 days from invoice, and government can pay as late as 90 days. For government suppliers, instead of borrowing money from a third-party using a static discounting or factoring method, CeleraFi enables the supplier to be paid early on approved invoices net of an agreed convenience fee without any restrictive and complex obligations typical of factoring, supply chain finance, bank loans, or asset based lending. For governments, CeleraFi enables governments to increase their daily liquidity by 15-30 days per invoice by extending the payment terms on the approved invoices paid by CeleraFi to FastPay enrolled suppliers. By using CeleraFi FastPay, suppliers can access on-demand funding for your business at a lower cost than other options, such as factoring. CeleraFi is NOT: A factoring service Supply chain finance An electronic payment alternative A traditional bank loan or asset-based lending

Delray Beach, FL

No, CeleraFi is not factoring. CeleraFi FastPay suppliers receive payment from CeleraFi on invoices that are approved for payment by your government customer net of an agreed FastPay Convenience Fee, and then CeleraFi invoices your government customer for payment.

CeleraFi FastPay is provided to governments and public agencies at ZERO Cost and ZERO use of tax payer funds. CeleraFi FastPay pays suppliers early, and enables government to pay later. Suppliers get paid in as little as 15 days from invoice, and government can pay as late as 90 days. For governments, CeleraFi enables governments to increase their daily liquidity by 15-30 days per invoice by extending the payment terms to the CeleraFi government client on the approved invoices paid by CeleraFi to FastPay enrolled suppliers. By paying suppliers early, CeleraFi helps remove a key barrier to contracting participation by local SMB and MBE companies. Over 78% of SMB and MBE companies identified long pay cycles as one of the top barriers to public contracting per a study published by the US Department of Commerce. CeleraFi's cloud based FastInvoice platform streamlines the invoice review and approval process so staff can quickly and easily review supplier invoices in a single portal. Invoice approval is as simple as a click-away!

Governments and public agencies participating in the FastPay program are extended Net 60 day payment terms on approved for payment invoices paid to participating FastPay suppliers. Typically, FastPay suppliers will receive their early payment within 22 to 30 days from submission on the CeleraFi FastPay platform which imputes that government will typically pay that same invoice to CeleraFi within 80 to 90 days from original invoice date. As a result, government will extend its pay cycle on these FastPay invoices by 15 to 30 days which helps government increase their returns on cash management strategies.

CeleraFi FastPay is provided to governments and public agencies at ZERO Cost and ZERO use of tax payer funds.

Suppliers enrolled in CeleraFi's FastPay program agree to receive early payment on their invoices in exchange for an agreed FastPay convenience fee on each paid invoice. There are No holdbacks This is not loan There no upfront fees There are no annual fees Supplier can cancel their enrollment at anytime There are no other fees….period!

At CeleraFi, we believe when suppliers and government have the capital they need and the tools to expand public contracting participation, the entire community wins! Providing working capital without restrictions fuels innovation, economic growth, and strengthens the local community. To increase local SMB and MBE contracting participation, CeleraFi has partnered with the National Minority Supplier Development Council to develop CeleraFi RISE, a financial education service delivered to local governments designed to increase local small business and local MBE public contracting participation

No. CeleraFi's FastPay platform powered by Corpay is an enterprise level cloud based automation solution designed to better manage and automate the accounts payable process. CeleraFi FastPay powered by Corpay enables more efficient and automated management of invoices, payments, vendor management, and PO matching. Our mission is to leverage artificial intelligence (AI) and machine learning to address the many pain points government finance organizations face on a daily basis. To insure that government ERP/finance systems are the sole source of record, CeleraFi provides a custom data file with a record of daily supplier transaction for that specific government client via sftp. Government finance teams can choose how and when to download the custom file into their finance systems to meet their own needs.

CeleraFi's FastPay platform powered by Corpay is SOC 1 and SOC 2 compliant providing robust best-in-class security

CeleraFi digitally automates the intake, coding, and indexing of invoices submitted by FastPay enrolled suppliers using advanced technologies including optical character recognition, artificial intelligence, intelligent rules engine. Once coded and indexed, the invoices are distributed to the designated staff responsible for reviewing/approving/declining that invoice via their personal online CeleraFi staff portal. Staff can easily review, approve or decline an invoice with one click, anytime anywhere. Suppliers are automatically notified of status of their pending invoices eliminating un-necessary and time consuming research and follow up calls/emails. CeleraFi FastPay helps eliminate labor intensive processes caused by hardcopy documentation, streamlines routing and approval processes, automatically creates a complete digital audit trail for complete transparency, so that finance and procurement staff can focus their time on more strategic higher priority missions.

Corpay (NYSE: CPAY) is a global S&P500 corporate payments company that helps businesses and consumers pay expenses in a simple, controlled manner. Our suite of modern payment solutions helps our customers better manage vehicle-related expenses (such as fueling and parking), travel expenses (e.g. hotel bookings) and payables (e.g. paying vendors). This results in our customers saving time and ultimately spending less.

Enrolled CeleraFi FastPay supplier can get paid in as little as 15 days Simply enroll, submit your invoices, and get paid! Take control of your cash flow Reduce your cost of borrowing and grow your business faster Access working capital without fees or paperwork Easily view your approved invoices in a secure online environment Enhance your working capital by getting paid earlier so that you can invest in new employees, equipment, inventory and marketing

No. CeleraFi's FastPay platform powered by Corpay is an enterprise level cloud based automation solution designed to better manage and automates the invoice submission, review/approval, supplier communications and payment. CeleraFi FastPay powered by Corpay enables suppliers to easily submit invoices, track their approval status, communicate with finance staff, and receive payment in one app that can be accessed anywhere at anytime.

Supplier enrollment is simple. Supplier set up their account online via the secure CeleraFi Supplier Portal, execute the CeleraFi Supplier Enrollment Agreement, and provide invoice payment details. Once approved, enrolled suppliers can begin submitting their invoices via email to a designated email address, or upload them to their dedicated supplier portal account.

Suppliers can cancel anytime. Enrolled suppliers who elect to cancel their participation in the CeleraFi FastPay program can re-enter the program after a twelve (12) month waiting period.

Supply chain finance, factoring, and traditional lenders often require risk-based underwriting, complicated paperwork, UCC filings, asset liens, serious legal obligations, higher rates and recurring fees in general. More importantly, these finance program typically only advance 80% to 85% of your invoice amount, and often have holdbacks which are another expensive drain on your cash flow. With CeleraFi, you get access to your cash with no liability, no paperwork and no hassle. Best of all, CeleraFi offers a lower cost of funding.

Participating suppliers can contact CeleraFi's Supplier Success Team via chat, email, or phone between the hours of 8am to 6pm CST.