Eliminate lags when getting paid. You have already provided the product and performed the service so your customer can get back to their business. So, why does your business have to wait 30, 60, 90 days or more to receive payment from your customer?
A common theme across industries and business is bearing the burden of outstanding invoices. If you extend credit terms of 30 days to your customers, your business can expect to add an additional 30 days before the average collection. This extended collection period can critically affect your bottom line if your business cash flow relies on timely receivables.
While your cash flow slows to a trickle, think about the manpower your business dedicates towards collections. Many small to medium size businesses admit to redirecting their most valuable resource, their people, from the roles they were hired to collection efforts. Making sure your cash flow keeps up with your growing business can present just as big a challenge. With accelerated growth comes the challenge of keeping up with more demanding accounts receivable. Larger accounts present their own set of problems too, such as delayed payments that clog up the company’s cash flow and slow down growth.
Having to track down invoices can place a strain on customer relations and can become your least favorite part of the job. Aside from the time involved, it can be difficult to tell a customer that they are late with their payment. Every customer has a story when it comes to delaying payments. Being able to remove yourself from the difficult conversations allows you to focus on what you do best.
Interstate Billing Service eliminates the long turnaround time on your receivables, providing immediate cash flow to your business. And our team of experts provide full-service outsource accounts receivable management making your invoicing and collection worries a thing of the past.
“The most frustrating part of the process was taking my sales staff away from making sales calls. They were making collection calls instead.”
The IBS A/R process is actually pretty simple:
You Submit Your Invoices – You send copies of your customers' charged invoices to us daily, and we'll post the invoices to the customers' account(s).
You Get Paid – We electronically deposit funds into your bank account each day for all of the customer invoices received, less the small discount fee that we've pre-negotiated with you.
Get started today. Request an appointment with a Sales Officer in your area.