Welcome to Fast Pay, Utah Staff Augmentation Vendors!

Thank you for expressing interest in participating in the Knowledge Services Fast Pay solution!

In the vendor-client industry, customers typically wait three, sometimes six, months to receive their pay. Speeding up cash flow is virtually unheard of in the government sector. But now with Fast Pay, Knowledge Services will direct deposit 85% of your payment within five (5) business days following an approved invoice.

Knowledge Services’ Fast Pay solution is designed to provide you advanced funds for a small fee of the invoiced amount. Once Knowledge Services receives payment from the State of Utah, the remaining 15% will be paid to you via ACH, as per current payment terms.

Below you will find additional details regarding the Fast Pay service offering:

What is Fast Pay?

Fast Pay is a cash flow service offering quickly providing vendors early access to their payments for a small fee.

What are the payment terms?

Fast Pay breaks up your payment into two payments:

Payment 1: 85% of invoiced amount, less MSP fee and the full Fast Pay fee, within 5 business days of an approved invoice.
Payment 2: Remaining 15% of invoiced amount, less MSP fee, within current contract payment terms.

What is the cost to participate in Fast Pay?

There is a 2.75% fee on the full invoiced amount. See example below:

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* MSP Fee varies by Client
** Fast Pay Fee varies by Client

Who should I contact if I have any Fast Pay questions?

If you have any questions, please reach out directly to the Knowledge Services Fast Pay Team, FastPay@KnowledgeServices.com.