Partnering with EzyProcure to power your business

As your business banking partner, we understand your daily challenges in the F&B industry, especially when it comes to handling procurement.

This is why we bring you EzyProcure, an e-procurement platform that automates purchase to payment process for both buyers and suppliers. Plus, buyers can maximise their business cash flow by obtaining extended credit terms using consolidated purchase data.

Key Benefits of EzyProcure

for buyers

Buyers

  • Simplify purchase process and reduce manual work
  • Better forecast of buying needs with consolidated purchase data
  • Pay later with up to 60 days credit terms with UOB Virtual Payment Solution
for seller

Sellers

  • Simplify order management process on a single platform
  • Identify growth opportunities with buyer purchase patterns
  • Receive payments within 7 days upon delivery when buyer pays using UOB Virtual Payment Solution

How EzyProcure Works

About UOB Virtual Payment Solution

UOB Virtual Payment Solution offers credit term for buyers to help maximise their business cash flow. Using the payment solution on EzyProcure, buyers can enjoy up to 60 days credit terms while the bank pays the supplier within 7 days upon delivery.

How to apply for UOB Virtual Payment Solution?

• Upon EzyProcure sign up - Buyers can submit supporting application documents to apply

• After 6 months EzyProcure usage– Buyer can apply based on their transaction history on EzyProcure

Receive up to S$10,000 from the Digital Resilience Bonus

The government has launched the Digital Resilience Bonus (DRB) as part of the Fortitude Budget. The Food Services and Retail sectors will be the first to qualify for the bonus.

As a supporting bank of this initiative, UOB can help you unlock bonus payouts when you adopt UOB BizSmart’s suite of solutions for your business.

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