6 Big Benefits
Select a benefit of using DiPPAs to find out more
- Funds are ring-fenced and protected by a standardised trust agreement.
- Saible significantly mitigates the risk of supply chain insolvencies and financial distress. If a company becomes insolvent, the supply chain will have been paid up to date, and can continue to be paid.
- It is much harder to misuse project funds because companies only receive their share of the payment, not anyone else’s.
- DiPPAs provide robust data for reporting on payment times, business sizes (SMEs), and social value (supplier locations) so project owners can enforce and easily prove compliance with the 30-day payment requirement in the Procurement Act 2023.
- Comply with the Construction Playbook (DiPPAs qualify as Project Bank Accounts or PBAs).
- Helps implement recommendations from "Constructing the Gold Standard" for public sector construction frameworks, including data sharing and risk mitigation.
- Costs are lower because credit risk is not priced in by the supply chain.
- Performance bonds and other insurance products may not be required, or can be much smaller or have lower premiums.
- Materials costs can be reduced.
- Less time spent on unproductive claims, disputes and payment chasing means less likelihood of programme delays and overruns.
- It is in everyone's interest to resolve disputes quickly and collaboratively, or nobody gets paid. This helps reduce costly delays to programme schedules.
- Certain and prompt payment guarantees minimise financial stress and foster better relationships across the supply chain.
- Easily demonstrate project funds reaching SMEs and local businesses. DiPPAs provide data on supply chain company locations, which can be used to calculate the Local Economic Multiplier effect.
- Demonstrate commitment to reducing adverse mental health caused by the stress of late and non payment.
- Achieve the Gold Award of the Fair Payment Code.
- Access a complete payment audit trail if required. The DiPPA maintains a complete record of who authorised what payment to whom and when, backed up by advanced face recognition.
- Intelligent transparency - companies know how much they are claiming and authorising, but not other companies' profit margins. Anonymised and aggregated data can be provided to only those with permission to see it.
How does this help me?
Gain control, ensure project success.
- Problem: As the client or project owner, you face significant challenges ensuring funds are distributed correctly and in a timely manner, and regulatory requirements are met across complex supply chains. Getting this wrong can lead to costly delays, disputes, and compliance risks, which all impact your budget.
- Solution: A DiPPA gives you oversight and control over all project payments, ensuring funds are used as intended and all stakeholders are paid promptly.
- Benefits:
- Project Oversight: Maintain clear visibility and control over all payment flows within your project, directly from its ring-fenced account.
- Compliance Assurance: Easily prove adherence to regulatory and legislative requirements, including the Procurement Act 2023.
- Cost Efficiency: Prompt and certain payments contribute to lower overall project costs.
- Risk Mitigation: Protect your project's funds from potential insolvencies or misuse within the supply chain, as money is held in trust.
- Streamlined Reporting: Access comprehensive audit trails and aggregated payment data, providing intelligent transparency for robust governance and decision-making.
- Key Features: Dedicated project bank accounts, centralised payment authorisation, real-time payment tracking, and streamlined compliance reporting.
Take command of your project's financial integrity.
De-risk Development Funding & Finance.
- Problem: Whether you fund development projects through equity or debt, or you insure their risks, you face significant uncertainties due to payment issues: insolvencies, misused funds, inflated costs, and programme delays. All of these can impact your return on investment.
- Solution: A DiPPA provides the security of escrow without the administrative burden, ensuring your money is safe until exchanged for an asset.
- Benefits:
- Enhanced Fund Security: Funds are ring-fenced by a legal trust agreement, ensuring they can only be used for the specific project and are protected from insolvencies, safeguarding your capital.
- Significant Risk Reduction: Mitigate the financial risks associated with contractor or borrower insolvencies, misused funds, and costly payment disputes, which can lead to project delays and inflated costs. Saible also offers enhanced fraud protection.
- Improved Project Financials: Contribute to lower overall project costs by encouraging prompt payments, which can reduce the need for performance bonds and lower material costs.
- Intelligent Oversight: Gain a complete audit trail of payment authority and transactions, providing clear visibility into how project funds are being utilised.
- Accelerated Payment Cycles: The system ensures prompt, parallel payments across the supply chain, reducing financial stress and the likelihood of issues that can impact project timelines and returns.
- Key Features: Dedicated project bank accounts, automated payment authorisation, comprehensive audit trails.
See how Saible protects your investments.
Get Paid on Time, Every Time.
- Problem: Late and non-payment, unreliable cash flow, and complex administrative processes are common challenges that impact your margins.
- Solution: Saible's DiPPAs ensure prompt, simultaneous payments directly to you, reducing administrative hassle and improving cash flow predictability.
- Benefits:
- Prompt & Certain Payments: Receive payments directly and simultaneously from the project's dedicated bank account, ensuring you are paid on time when work is completed.
- Reduced Administrative Burden: Waste less time checking and chasing payments.
- Improved Cash Flow & Cost Savings: Certainty of payment means lower costs as suppliers know they will be paid, potentially reducing the need for performance bonds or even lowering material costs.
- Controlled Transparency: Manage payments to your sub-tiers with visibility into your own claims and authorisations, and without revealing profit margins further up or down the supply chain.
- Comprehensive Coverage: Benefit from the protection and advantages of the system across all tiers of the supply chain, not just the top two, ensuring all your suppliers are onboarded and payments flow securely.
- Robust Audit Trail: A complete record of who authorised what payment to whom is maintained in a single, secure system.
- Key Features: Simple payment breakdown entry, VAT reverse charge and CIS tax deductions, easy reconciliation.
Streamline your payments with Saible.
