Tuesday, November 19, 2019

Sprint Recruits Crews With Same Day Payments to Network Suppliers

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

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