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- 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.
- 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.
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Discount paid to bank. |
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- 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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