FAQ (Supplier)

To start the enrollment process, Suppliers need to sign and provide a Supplier Data Form and Incorporation documents. hyperclick will then ask Suppliers to sign a Receivables Purchase Agreement that allows the sale of receivables to hyperclick. On the web-based platform, an Electronic Services Agreement will also need to be completed as part of the enrollment process. Additional documents may include the Implementation Forms and relevant legal documentations.

Upon receipt of your completed Supplier Data Form and Articles of Incorporation/Certificate of Formation, hyperclick will prepare and email the legal documents with any additional forms for your review and execution. Depending on jurisdiction, hyperclick performs a lien search on the Supplier enrolling in the program to ensure that a third party does not already have a lien filed that may include accounts receivables (A/R) as collateral. If a lien has been filed which covers A/R related to the specific Buyer, we require that secured party to execute our Lien Waiver Letter. Hyperclick will set up your organization in the system once the executed documents are received. Upon setup completion, hyperclick will notify you and your Buyer.

This selection needs to be made in the Receivables Purchase Agreement. A majority of Suppliers select the Default Discounting. Default Discounting assure that payment is received as early as possible by allowing Suppliers the convenience of receiving early payment for invoices that your Buyer submits to hyperclick (once approved) without any additional action on your part. If you select Default Discounting, your payment will be sent after hyperclick receives the Confirmed Receivables file from the Buyer. Email notification will be sent to authorized personnel. Selective Discounting requires Suppliers to access the hyperclick web-based platform in order to select and approve individual invoices for which they want to be paid. If the invoices are selected and approved before noon (12:00 p.m.) on a business day, your payment will be sent next business day. If they are selected after noon (12:00 p.m.), your payment will be sent in two (2) business days. Cut-off times may be changed with notice to you. Please contact your Client Service Representative for details.

hyperclick will initiate a lien search to identify creditors who have secured interests in your accounts receivable. If liens are found, hyperclick prepares a Lien Waiver Letter to your creditor bank requesting their agreement to relinquish security interest only in the Accounts Receivables (A/Rs) due and payable by the Buyer that Hyperclick purchases. Hyperclick cannot purchase a Supplier’s receivables until this Lien Waiver is executed.

Suppliers do not need to set up an account at hyperclick. We will send funds to the Supplier’s account at your bank via ETF.

No credit line is required. The Buyer’s favorable credit enables Suppliers to take advantage of this financing solution.

Yes, the Receivables Purchase Agreement can be terminated by either party with thirty (30) business days written notification. For the Selective Discounting option, opting out is as simple as no longer selecting invoices for discount. Required days for written notification may vary depending on the respective region. Please contact your Client Service Representative for details.