REALNET PAYMENTS LLC Revolutionizes Supply Chain Finance for High-Performance Automotive Parts – Focusing on Forged Connecting Rods

Milwaukee, WI – October 26, 2023 – REALNET PAYMENTS LLC, a leading provider of innovative payment and supply chain finance solutions, today announced a significant expansion of its services to cater specifically to the demanding needs of the high-performance automotive parts industry. This initiative centers around streamlining payments and unlocking capital for manufacturers and suppliers of critical components like forged connecting rods. Let's be real, getting paid on time in the automotive parts world can be a headache. Especially when you’re dealing with complex supply chains and high-value components like forged connecting rods. REALNET PAYMENTS understands this pain point. We're not just another payment processor; we’re building a financial ecosystem that helps everyone – from the forge shops making the rods, to the Tier 1 suppliers, right down to the car manufacturers. The Challenge with Forged Connecting Rods – And Why Fast Payments Matter Forged connecting rods aren’t your run-of-the-mill auto parts. They're precision engineered, high-strength components vital for engine performance and reliability. They're used in everything from everyday vehicles to race cars, and the demand for quality is always high. But manufacturing them isn’t cheap. It requires specialized equipment, skilled labor, and often, significant upfront investment in materials and tooling. Suppliers of forged connecting rods often face long payment terms – 60, 90, even 120 days isn’t unusual. That's a huge drag on cash flow. It limits their ability to invest in new technology, expand production, or even meet payroll. It creates a ripple effect throughout the supply chain, potentially leading to delays and increased costs. “We've talked to a lot of forge shops, and the story is always the same,” says [Name and Title of REALNET Spokesperson]. “They’re fantastic at what they do – making incredibly strong, durable connecting rods – but they’re spending way too much time chasing payments. That’s time and energy that could be better spent innovating and improving their products.” REALNET PAYMENTS: A Solution Built for the Automotive Parts Industry REALNET PAYMENTS offers a suite of financial solutions designed to address these challenges. Here's how we're helping suppliers of forged connecting rods (and other high-performance parts) get paid faster and unlock working capital: Accelerated Payments: We offer immediate payment options to suppliers, even if their customers are on extended payment terms. This means suppliers receive cash on demand, allowing them to reinvest in their business and avoid cash flow bottlenecks. Think of it like this: instead of waiting 90 days, they get paid today. Supply Chain Finance (SCF) Programs: We work with both suppliers and buyers to create customized SCF programs that optimize payment terms and improve working capital efficiency for everyone involved. It’s a win-win! The buyer gets extended payment terms, and the supplier gets faster access to cash. Dynamic Discounting: Buyers can offer suppliers the opportunity to receive early payment in exchange for a small discount. This allows buyers to improve their Days Payable Outstanding (DPO) and strengthen relationships with their key suppliers. Automated Invoice Processing: We streamline the invoice-to-payment process with automated workflows and electronic invoicing. This reduces manual effort, eliminates errors, and speeds up payment cycles. No more chasing down paper invoices! Cross-Border Payments: For suppliers and buyers operating internationally, we provide seamless and cost-effective cross-border payment solutions. Why REALNET PAYMENTS Stands Out REALNET PAYMENTS isn’t just throwing technology at the problem; we’re building a relationship-based approach. Here’s what sets us apart: Industry Expertise: We understand the unique challenges faced by automotive parts manufacturers and suppliers. We’ve spent the time to learn the ins and outs of the industry. Customizable Solutions: We don’t believe in one-size-fits-all solutions. We work closely with each client to develop a tailored financial program that meets their specific needs. Technology-Driven Efficiency: Our platform is built on cutting-edge technology that automates processes, reduces errors, and improves transparency. Dedicated Support: We provide dedicated account management and support to ensure our clients get the most out of our solutions. Focus on Forged Connecting Rods & Beyond: While we’re highlighting the benefits for forged connecting rod manufacturers, our solutions apply to all high-performance automotive parts – pistons, crankshafts, camshafts, you name it. A Real-World Example One of our clients, a leading forge shop specializing in forged connecting rods for high-performance engines, was struggling with long payment terms and limited access to capital. They were on the verge of turning down a large order because they didn’t have the cash flow to finance the production. By implementing a REALNET PAYMENTS SCF program, we were able to provide them with immediate access to the funds they needed to fulfill the order. This not only allowed them to grow their business but also strengthened their relationship with their key customer. Looking Ahead REALNET PAYMENTS is committed to innovation and continuous improvement. We are constantly developing new solutions to address the evolving needs of the automotive parts industry. We’re looking into things like blockchain-based tracking of components for added transparency and security. “We’re not just about getting payments processed,” adds [Name of REALNET Spokesperson]. “We’re about building a stronger, more resilient supply chain for the automotive industry. And that starts with making sure our suppliers get paid fairly and on time.” About REALNET PAYMENTS LLC: REALNET PAYMENTS LLC, located at 4900 W Brown Deer Rd, Milwaukee, WI, 53223-2422, United States, and reachable at 215-387-6190, is a leading provider of innovative payment and supply chain finance solutions. We help businesses of all sizes optimize their financial processes, improve cash flow, and build stronger relationships with their trading partners. Visit [Company Website - Placeholder] to learn more.