How Does Modern Invoice Financing Work?

By Per Frennbro in Financing

Are you a small business owner? Then you may know how important it is for your business to have a continuous flow of cash, pay suppliers and employees and reinvest in operations.

New hyper fast invoice factoring works in the same way as old school invoice financing, but you as a company owner or an accountant will not need to do very much.

New technology is doing exactly what was used to be manual work only a few years ago.

 

 

 

These are the steps:

  • On our BETALD platform, all you need to do is sync your online accounting system with the BETALD system
  • Your invoices are then processed and seen by the factors
  • You get the advance money from the factor, for example, 95% of the invoice. If you are using our BETALD platform, you will receive the money in your account just within an hour after the auction closes
  • Your customers pay BETALD after 30-90 days
  • If the invoice is not paid BETALD will collect the money from the debtor (buyer of goods/service)

Modern Invoice financing is a great way to overcome the cash flow challenges that are associated with trading on credit terms. And to make the process all the easier, we have created the BETALD platform where small businesses meet factors. Find it interesting? Give it a try today!

About the Author: Per Frennbro is the CEO of BETALD, which offers high speed, low cost invoice financing for small businesses. As a serial entrepreneur, Per focuses on helping both small and medium sized businesses take control of their cash flow. Visit https://www.betald.com and see how you can turn your invoices into working capital to help your business prosper.

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