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Home / Products / BusinessManager for Businesses
Where could you take your business if cash flow were not an issue and you received customers' payments within 48 hours?
Now you can bridge the gap between payables due to suppliers today and receivables that your customers won't remit for 30 days or more.
BusinessManager® enables you to get cash for your accounts receivable deposited directly into your bank account by selling them to the bank at a
discount. The bank can send statements on your behalf, and offer payment terms to your customers. You'll also receive detailed management reports
outlining critical information about your receivables. When you are effectively conducting business on an all-cash basis, you can take advantage of
suppliers' prompt payment discounts, increase your sales, redirect staff time, and save the time and money typically spent on receivables management.
Get BusinessManager and get back to building your business.
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The bank purchases your accounts receivable at a discount, both initially and ongoing as new receivables are generated.
Funds are deposited in your account.
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The bank establishes a cash reserve account for you by depositing a percentage of each receivable to cover delinquent customer
accounts. Each month the bank reviews the status of your reserve account and deposits any excess funds into your operating account.
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The bank uses BusinessManager software to track the purchased accounts and send itemized monthly statements.
("Blind billing" without the bank's name is an option.)
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Your customers send payments to a bank lockbox. |
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The bank provides you with key management reports, such as Aged Receivables, Customer Balances, and Credit Application. |
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BusinessManager enables your business to:
Improve cash flow
With a more predictable cash flow, you can make payroll, remit payables on time, increase inventory, and pursue new business opportunities.
Save time and money
Take advantage of prompt payment discounts from suppliers and get back to doing business. Sending files electronically allows you to redirect
personnel to more productive tasks.
Manage your business
Track receivables with detailed reports, reduce your debt, maintain a liquid working capital position, and prevail in seasonal fluctuations.
Improve collections
You can choose to use the bank's presence on customer correspondence, which influences customers to pay on time.
Offer financing options to your customers
Sharpen your competitive edge by offering flexible payment terms. You win and your customers do too.
Funding
Initially, you'll get immediate cash in a lump sum for all your existing receivables. Then on an ongoing basis you'll get cash for each sale
within a day or two.
Wired -- the e-commerce solution
BusinessManager's electronic commerce feature called "Wired" allows you to exchange receivables information with your bank through a
secure Internet site. You'll save time, money and effort associated with exchanging "paper" invoice information. Wired also reduces the
likelihood of manual errors.
Timely management reports
Reports about customers, aged receivables, credit and debit transactions, credit application, and merchant activity are available to help you
manage your business.
Flexible customer payment terms
BusinessManager offers six payment terms that enable you to attract new business:
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Fixed -- a set dollar amount is due each month until the balance is paid. |
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Net -- the entire balance is due at the end of the term. |
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Periodic -- payment amount is based on the customer's choice of billing frequency (monthly, quarterly,
bi-monthly, etc.) up to one year.
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Prox -- the entire balance is due on a particular date each month. |
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Revolving -- the monthly payment is based on a percentage of the balance or a minimum amount, whichever is greater. |
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Same-as-Cash -- free financing for up to one year. No payments are due until the end of the term, and then the
entire balance is due.
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End-of-Period statements
The bank runs the End-of-Period (EOP) process each month to close your billing cycle, total customer accounts, calculate finance charges, generate
statements for customers, and create management reports for both you and the bank. You can customize statement messages and choose whether to use
"bank billing" (with the bank's name and influence) or "blind billing" (without the bank's name).
Free telephone support
Goldleaf's Support Services analysts are available toll-free to assist you during business hours.
BusinessManager is integrated with Intuit’s QuickBooks®, which enables businesses to save time and increase accuracy. They can submit receivables data effortlessly and automatically from their QuickBooks application.
To find out if BusinessManager is the right solution for your business, contact a BusinessManager Specialist at 800-235-5584 or
submit an online request for more information.
Because our customers are often our best salespeople, we have an extensive library of
case studies that highlight the success of the
BusinessManager program in banks and businesses throughout the U.S.
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"Just knowing that we'll have money in our bank account shortly after we send an invoice to the bank is worth the cost of BusinessManager. I would recommend it to any small business facing strained cash flow."
Steven Cook , Care One
"Because of BusinessManager, I sleep better at night. I'm not worrying about meeting payroll or not being able to deliver on a new contract. It's a perfect fit for growing companies like ours."
Connie Carnes , Carnes Service
"Looking at the numbers and the opportunities it has created for our business, BusinessManager more than pays for itself."
Stacey Kimball, Oven Poppers
"There's so much the program does to make life easier for us every day. I just submit invoice information to the bank over the Internet and they deposit the money into our account."
Donna Vaccaro, Vaccaro Trucking
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