Jeeves provides credit to companies to pay their suppliers. Its model combines corporate cards, supplier financing, and international payments into a single platform. However, there is one detail that changes everything: when Jeeves advances that capital to suppliers, the funds must arrive quickly. Every minute that money is in transit without confirmation is a minute of costly exposure.
Jeeves' model is highly effective in theory: advance the capital, pay the supplier, and recover the funds. However, it only works if settlement is predictable and fast. With traditional settlement times, this wasn't guaranteed.Transfers ran in batch windows with fixed cut-off times, confirmations arrived the next day, and there was zero real-time visibility.For a business moving hundreds of payments per month on behalf of its clients, this isn't a minor inconvenience; it’s a flaw in the business model.The core issue is that conventional processes were not designed for this usage pattern: high volume, diverse beneficiaries, immediate confirmation, and continuous operation.When funds don't settle quickly, the consequence is direct: more working capital is required as a buffer. This means more idle capital, higher operating costs, and tighter margins.
Jeeves integrated Cobre’s Fast Pay via API to pay suppliers in real-time on behalf of its clients, directly from its platform.The workflow is seamless: the client approves the payment, the instruction reaches Cobre, the platform executes the transfer over the Fast Pay rail, and the confirmation is automatically sent back to Jeeves’ system. No manual intervention, no delays, no uncertainty.What truly makes this work is that Jeeves is no longer dependent on banking cycles. They have direct access to real-time payment infrastructure through Cobre.Capital in transit settles in seconds, providing full, real-time traceability.
Key features enabled by the integration:
When the payment cycle closes in seconds, there’s no need to hold as much capital in reserve. Jeeves can move the same volume with less money tied up in transit. This isn't just an accounting detail; it’s real efficiency that boosts margins.
A supplier who receives funds instantly operates differently. They are more willing to offer early payment discounts, increase credit lines, or negotiate better terms. Jeeves turns this certainty into a concrete advantage for its clients. Fast payment is more than an operation; it’s bargaining power.
Fast Pay doesn’t have office hours. It operates every day, at any time. For Jeeves, this means their clients can pay suppliers at 11 PM on a Sunday if necessary. No exceptions, no bottlenecks, no waiting for Monday.
Every payment generates its own real-time confirmation, integrated directly into Jeeves’ system. The operations team stops chasing transactions and starts focusing on what matters. Less noise, more control.
Fast Pay is the Central Bank of Colombia’s real-time payment system. While a traditional ACH transfer can take up to one business day and operates within specific time windows, Fast Pay settles in seconds, any day, at any time. Cobre provides direct access to this network through its API, without the company having to connect to each bank individually.
When money takes time to arrive, you need to have more capital available as a buffer in case something goes wrong. With real-time payments, that buffer shrinks because the cycle closes quickly. And there’s another effect: suppliers who get paid instantly often offer better terms, from early-payment discounts to higher credit limits. Payment time has a cost, and shortening it has value.
Any company that moves money automatically and on a scheduled basis and needs it to arrive quickly: fintechs, credit platforms, corporate treasuries, payment operators. Integration is via API and includes a testing environment to validate everything before going live. If your company makes more than just a few payments a month and speed matters, it’s worth discussing.
