Silo Pay is a cloud-based payment processing and cash flow management platform designed for produce businesses. It centralizes and automates the collection of customer payments, vendor bill payments, and offers instant invoice funding through Silo Instant Pay. The platform supports ACH, credit card, and check payments, providing a unified digital portal for both inbound and outbound transactions. Silo Pay streamlines reconciliation, reduces manual accounting work, and accelerates access to working capital by advancing funds on qualified invoices. The solution is tailored to the unique needs of the perishable goods supply chain, ensuring secure, compliant, and efficient financial operations for wholesale distributors, grower-shippers, and other produce industry participants.

Key Features

Automated Payment Collections Centralizes and automates customer payment collection.

• Digital payment links and QR codes for invoices
• Supports ACH, credit/debit card, and check payments

Vendor Bill Payments (BillPay) Automates and tracks payments to vendors.

• ACH and check payment options
• Payment scheduling and status tracking

Instant Invoice Funding (Silo Instant Pay) Provides immediate access to cash by advancing funds on qualified invoices.

• Automated approval and funding process
• Repayment scheduled based on customer payment terms

Integrated Reconciliation Automates matching of payments to invoices and bills.

• Reduces manual bookkeeping
• Real-time visibility into cash flow

Digital Payment Portal Unified portal for all payment activities.

• SMS authentication for security
• Customer self-service for payment and enrollment

Payment Processing Times Transparent timelines for payment settlement.

• ACH: 2-3 banking days for collections and vendor payments
• Check: 2-10 business days for vendor payments

Benefits

Improved Cash Flow Accelerates access to working capital and reduces payment delays.

• Instant funding for qualified invoices
• Faster collections and vendor payments

Operational Efficiency Reduces manual accounting and payment processing tasks.

• Centralized, automated workflows
• Fewer errors and less administrative burden

Enhanced Financial Visibility Provides real-time insight into cash position and outstanding payments.

• Unified dashboard for all payment activities
• Actionable reporting and analytics

Customer and Vendor Convenience Simplifies payment experience for both customers and vendors.

• Multiple payment options
• Digital, self-service payment portal