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Business Manager

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Business|Manager®
Accounts Receivable Management System

How does Business|Manager® work?

  • You receive a lump sum payment for your existing accounts receivable.
  • As you generate new sales, you submit your invoices to the bank and receive cash on the next business day.
  • The bank assists you in managing and processing your accounts receivable.

How does Business|Manager® benefit my business?

  • Business|Manager® improves cash flow through both the initial and ongoing purchases
  • Cash proceeds can be used to pay off existing debt, take cash discounts on purchases, increase inventory, or capture new business opportunities.
  • Offering flexible credit terms to your customers can increase sales.
  • Can improve your management of receivables through customized aging, sales, and customer balance reports provided by the bank.
  • The bank's presence can significantly improve your collection efforts.
  • Custom billing service saves you valuable time, allowing you more time to concentrate on other aspects of your business.
Costs
Discount paid to bank.
Benefits
  • Have cash for whatever you need, on a daily basis.
  • Take early payment discounts.
  • *Pay payables
  • *Take advantage of quantity buying discounts
  • Reduce (reassign) staffpower
  • Improve reports, A/R tracking
  • Eliminate early payment discounts you have to offer
  • Improve collections
  • Reduce bad debt on retail accounts
  • Earn new interest income
  • Be able to go after new business without worry about cash flow
  • Have more time to develop sales instead of tracking cash flow
  • No postage, envelope, handling costs
  • No bank check clearing charges
  • Reduce lines of credit
  • Save interest costs
  • Offer flexible financing to customers or offer terms that you have not been able to afford
  • Set, and have monitored, customer credit limits
  • Avoid replacing obsolete software or hardware
  • Be in compliance with federal consumer lending regulations
  • Peace of mind" (from steady cash flow)


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