Invoice Discounting Companies Part 5!

Posted by matthew begley on Wed, Jun 15, 2011

invoice discounting companies, spot factoring, invoice factoring, invoice discountingPart five of our series on Invoice discounting companies Fast A/R Funding's fully electronic process will focus on how we make advances to our clients.  

As part of our effort to make the process as efficient as possible we can make advances to our clients the same day we purchase an invoice.  This is accomplished by sending wires to all of our clients, for advances.

At the end of the new client application process we ask our clients to input their wire instructions in their dashboard.  Once that is accomplished we are able to make continual advances to our cleints with minimum effort.  There is no waiting for advances once a week and there is no checking the mail for a check.  

In building our pricing strategy we wanted to make it easy for our clients to know exactly what it costs to factor with us.  With that in mind, we don't charge our clients wire fees, we have no factoring minimums and we have no line fees or underwriting costs.  

Unlike many invoice discounting companies, as long as wires are requested by 11:00 AM pacific standard time on business days we can make advances the same day.  

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Tags: Invoice Discounting