How Crystal Creek Homes is saving money and helping suppliers with Quickly

As a growing company in a labor constrained environment, Crystal Creek Homes is constantly looking for ways to deliver better results for their customers and improve their profitability.

A key aspect of this is improving relations with their subcontractors and suppliers by increasing vendor satisfaction and retention. They take a proactive approach by hosting vendor town halls and offsite events to keep their finger on the pulse.

The recurring theme that emerged for Crystal Creek Homes was faster payment terms for these suppliers.

Suppliers struggled with cash flow issues, wanted to be paid faster than current payment terms allowed, and had limited options to access working capital in a timely manner.

Quickly created an Early Payment Program for Crystal Creek, allowing them to offer early payments to their suppliers for a small discount. The suppliers get paid when they choose–Crystal Creek pays on their normal terms, and Quickly automates the whole process.

Crystal Creek Homes started using Quickly in late 2023 to offer early payments to their suppliers in exchange for a small discount. Quickly automated the whole process by integrating with Crystal Creek’s systems.

It was a win-win for both sides. Crystal Creek lowers its costs, which improves its profitability. Meanwhile, their suppliers increase their cash flow Quickly when they choose, without borrowing money. Suppliers use that money to pay bills, buy inventory and grow their businesses.

Through our integration, all early payment transactions are recorded in Crystal Creek’s accounting system with minimal interruption to their accounting team.

Crystal Creek’s early payment program with Quickly delivered impressive results in a short time. With no cost to use Quickly, the ROI was immediate. Within the first two weeks, 38% of their vendors opted into the program. They’ve issued $2.1 million in early payments to suppliers and are on track to save $145k this year.