According to Wikipedia The Receivables Exchange is an online marketplace where businesses sell their accounts receivable to accredited investors in real-time auctions, accessing capital in as little as 2 business days, on flexible terms. It is claimed to eliminate many of the constraints of traditional financing.
Businesses (Sellers) can post one or multiple receivables for sale through a competitive auction process. Sellers control all of the pricing parameters, setting the minimum advance they are willing to accept and the maximum fee they are willing to pay. Accredited Institutional Investors (Buyers) bid on the receivables in real-time. The best bid that meets the Seller’s parameters wins the auction.
At Fast A/R Funding we applaud innovators like The Receivables Exchange in the financing business. The creation of an online market place for receivables will help create new liquidity for the company's sellers and good return for their buyers.
The Receivable Exchange is a great option for businesses with more than $2,000,000 in annual sales and has been in business for over two years.
We would like to make the market place aware that if you are a business with less than $2,000,000 a year in revenue and have been in business for less than two years Fast A/R Funding could be a great online option for you.
Fast A/R Funding was created by a group of successful entrepreneurs and financial executives to take the entire invoice financing process online. From the application process, to signing electronic contracts, to creating invoices either online with our invoice creation tool or using our new Quick Books integration tool everything is done online with no paper documents.
Our system was built from the ground up to help small businesses.
To learn more about our online invoice factoring process check our FAQ, click the button below, or give one of our account professionals a call at 888.833.2286.