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Carla Freedy

๐Ÿ‘ค Speaker
180 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
852: FinTech: Businesses Process $10b+ In Supplier Payments Through NvoicePay

And as we add more services, they can choose those services for a fee.

SaaS Interviews with CEOs, Startups, Founders
852: FinTech: Businesses Process $10b+ In Supplier Payments Through NvoicePay

But we're not going to force our suppliers to.

SaaS Interviews with CEOs, Startups, Founders
852: FinTech: Businesses Process $10b+ In Supplier Payments Through NvoicePay

and hold them hostage.

SaaS Interviews with CEOs, Startups, Founders
852: FinTech: Businesses Process $10b+ In Supplier Payments Through NvoicePay

Yeah, the customers pay per transaction.

SaaS Interviews with CEOs, Startups, Founders
852: FinTech: Businesses Process $10b+ In Supplier Payments Through NvoicePay

The suppliers do not pay a fee.

SaaS Interviews with CEOs, Startups, Founders
852: FinTech: Businesses Process $10b+ In Supplier Payments Through NvoicePay

The customers pay a flat fee per transaction.

SaaS Interviews with CEOs, Startups, Founders
852: FinTech: Businesses Process $10b+ In Supplier Payments Through NvoicePay

Yeah.

SaaS Interviews with CEOs, Startups, Founders
852: FinTech: Businesses Process $10b+ In Supplier Payments Through NvoicePay

So banks, I think one of the reasons banks haven't solved the problem yet is because they have a margin target, right?

SaaS Interviews with CEOs, Startups, Founders
852: FinTech: Businesses Process $10b+ In Supplier Payments Through NvoicePay

Bank wants to make 50%.

SaaS Interviews with CEOs, Startups, Founders
852: FinTech: Businesses Process $10b+ In Supplier Payments Through NvoicePay

Always.

SaaS Interviews with CEOs, Startups, Founders
852: FinTech: Businesses Process $10b+ In Supplier Payments Through NvoicePay

So they don't want to invest, yeah, at least 50%.

SaaS Interviews with CEOs, Startups, Founders
852: FinTech: Businesses Process $10b+ In Supplier Payments Through NvoicePay

So they don't want to invest in technology, right?

SaaS Interviews with CEOs, Startups, Founders
852: FinTech: Businesses Process $10b+ In Supplier Payments Through NvoicePay

They're not traditionally good at technology and they don't want to invest in the services required to make that customer successful, right?

SaaS Interviews with CEOs, Startups, Founders
852: FinTech: Businesses Process $10b+ In Supplier Payments Through NvoicePay

So if the bank could have had the willpower or the ability to solve it, this would have been solved, right?

SaaS Interviews with CEOs, Startups, Founders
852: FinTech: Businesses Process $10b+ In Supplier Payments Through NvoicePay

So we're between a hundred and 150 people.

SaaS Interviews with CEOs, Startups, Founders
852: FinTech: Businesses Process $10b+ In Supplier Payments Through NvoicePay

We have our headquarters are in Portland and then we have teams of people throughout the country that are selling our solution.

SaaS Interviews with CEOs, Startups, Founders
852: FinTech: Businesses Process $10b+ In Supplier Payments Through NvoicePay

We do.

SaaS Interviews with CEOs, Startups, Founders
852: FinTech: Businesses Process $10b+ In Supplier Payments Through NvoicePay

That's right.

SaaS Interviews with CEOs, Startups, Founders
852: FinTech: Businesses Process $10b+ In Supplier Payments Through NvoicePay

Every Salesforce.

SaaS Interviews with CEOs, Startups, Founders
852: FinTech: Businesses Process $10b+ In Supplier Payments Through NvoicePay

Um, not a huge, not a huge portion today is in sales.