1. We credit check your customers and establish a credit limit. Our initial credit screening process literally takes minutes so you can fill orders on demand. Most important, the process saves you money because it assists in preventing you from doing business with companies that will not pay you.
2. Once you prepare your invoices for your customers, you send them to us with proof of delivery or proof that your service was performed.
3. We verify that your client received your product or you performed a service.
4. We typically advance 70% to 80% of the invoice amount with same day funding after verification.
5. Your customers remit payment to our lockbox. We wire any collections to you, less our fees, that have not already been advanced to you in (Step 4).
6. You have a dedicated Account Executive to assist you on your account, and you have 24/7 access to our on-line computer system that allows you to monitor your account in real time.
7. If you wish BFS will manage and collect your accounts receivable saving you the time and money that you would incur if you did it yourself.
