Sprint (NYSE: S) implemented a new “Same Day Pay” program, providing day-of compensation to its 5G network builders and suppliers by shortening administrative overhead and collapsing the overpayment process. The program is part of the end-to-end digitalization of field services started in 2018, with the Scopeworker platform.
Sprint suppliers can now submit their close-out packages directly from
the cell site through Scopeworker, a B2B platform that digitizes complex
field services and automates procurement, management, and payment of
supplier services. Once Sprint accepts the package in real-time,
administrative documents and invoices are reconciled, allowing suppliers
to invoice and select “Same Day Pay” financing from working capital
finance provider Greensill.
“Sprint is digitizing field services from start to finish and
democratizing the supply chain,” said Chas Peterson, head of procurement
& supply chain for Sprint. “We bring it full circle by working with
small, minority- and veteran-owned businesses, ensuring that their
high-quality work is met with same day compensation so they can continue
building their businesses without worry of being paid.” Continue Reading