Buyers: getting started
Set up your company, connect your accounting system and offer early payment to your suppliers.
1. Accept your invitation
Vender sets up your company and emails your administrator a personal invitation. The link works once, only for that email address, and is valid for 72 hours. If it has expired, ask us for a new one.
Choose a password, then set up two-factor authentication with an authenticator app (see Security).
2. Complete the company verification (KYC)
Under KYC, fill in your company details, beneficial owners, representatives, PEP and sanctions questions and the purpose of the business relationship. We are required to collect this by the Swedish Anti-Money Laundering Act. Vender reviews it and approves your credit line.
3. Connect your accounting system
Connect Fortnox or Spiris under Settings. Vender reads your suppliers and their unpaid invoices. See Connect your accounting system.
4. Choose suppliers for the programme
Under Suppliers you see every supplier from your accounting system. Add the ones you want to offer early payment to. Their open invoices are imported straight away, and new ones every 15 minutes.
5. Invite suppliers and approve invoices
Invite a supplier from its page: it gets a personal link to join Vender. Then approve invoices for early payment. When both you and the supplier have approved an invoice and the supplier is verified, Vender pays it.
You pay Vender the full invoice amount on the original due date. Your dashboard shows what you owe under "Owed to Vender".