The fifth part of our series on the process of how accounts receivable funding work we will focus on how Fast A/R Funding's clients get advances through our electronic factoring platform.

As part of our efforts to make the process as efficient as possible for our customers we ask them to attach their business wire instructions to their online account with Fast A/R Funding.

At the end of the application process for new customers, we ask our customers to enter their banking instructions on their online client dashboard. Once this is done, we are able to process accounts receivable funding and make continued wires to our clients with minimal effort. There is no waiting for advances once a week and there is no waiting and hoping that a check arrives in the mail.

We strive to make advances for accounts receivable funding the same day that clients create invoices using our online invoice creation tool.  

As long as the invoice is created in our system before 11:00 PST we generally are able to wire our customers their funds the same day. The same goes for our clients rebates. If we receive a customer payment for an invoice before 11:00 PST we are generally able to make that money available to our clients the same day.

When we structured our pricing plan for our clients, we wanted to make it to be easy for our customers to know exactly what it costs to use accounts receivable funding with us. In this spirit, we do not charge our customers for the cost of transferring money by wire, and because of our technology we do not have any factoring minimums.

If you would like more information on how accounts receivable funding with Fast A/R Funding works please click the button below or feel free to contact us by phone or email.