Here is how Business Manager® works. With Business Manager, the bank buys your receivables up front. When we assume your billing functions, you'll receive money in your account for your present book of receivables. So you begin the process with cash covering most everything that is owed to you. You can use the proceeds from Business Manager to reinvest in your business, take advantage of suppliers' discounts, pay off existing debt... whatever helps create additional profits for your business.
On new invoices, you receive immediate cash for charge sales, less a bank service fee and reserve for delinquent accounts.
Does Businesses make sense for your business? Most businesses want to improve their cash flow. Some want to avoid the hassle of handling their own billing. Every business would like to have more time to get back to doing business. Whatever the reason, Business Manager is designed for all types of businesses, from manufacturers to retailers, from doctors and dentists to wholesale distributors.
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