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Why should I use MyReceivables.com?
Instead of waiting 30, 60, 90 days or more to be paid by your customers,
we provide you instant cash flow with a weekly or bi-weekly basis. In turn,
your accelerated cash flow can be used to improve your company's
credit rating, gain increased purchasing power, enhance production
and sales, or other ways.
What is the criteria for my business
qualifying for your accounts receivable funding program?
The two primary requirements for qualification are the credit worthiness
of your business and a minimum of $150,000 in annual accounts receivable
or house charges.
What are the requirements for
funding my receivables?
Our criteria is simple. The work, product or service must be completed,
delivered and accepted. We accept accounts that you consider creditworthy.
However, if there's any doubt, our Internet-based credit checking
services are available.
What happens if my customer is
unable to pay?
If an account is deemed uncollectable, we will continue to bill
and, under your guidance, pursue collection. Various recourse programs
are available.
Will working with MyReceivables.com
jeopardize my relationship with my customers?
No. We work as an invisible extension of your company. All statements
sent to your clients feature your company trademark or logo. All
your customers' payments will be payable to your company and sent
to our lockbox.
Who does all the clerical work?
MyReceivables.com does! All you do is enter your receivables via
your web based system or PC software program. We do all the bookkeeping
for you.
Can I use my existing software?
MyReceivables.com has an extensive programming department whose sole focus
is integration.
What this means is that if you use a standard accounting package,
Quickbooks
for example, or an industry-standard point-of-sale system, MyReceivables.com
can integrate
with it!
Who mails the statements to my
customers? MyReceivables.com does! On a monthly basis MyReceivables.com
mails statements that feature your trademark or logo. The name of
MyReceivables.com will never appear on your statement. Your individual
identity is always protected. As an added service, MyReceivables.com
will insert your advertising material in your statements and track
frequent shopper purchases.
Where do my customers make their
payments? MyReceivables.com will arrange to have your customers
make checks payable to you and send them to our bank's lockbox.
How do I know how much my customers
owe? MyReceivables.com supplies you with up-to-the-minute real
time data that you can access anywhere, anytime from a password-protected
Web site.
How do I know my data is secure?
MyReceivables.com's infrastructure
is based on a mix of industry-proven hardware and software to ensure
that your most valuable asset, your data, is secure. With systems
from Cisco, IBM and HP, our "iron" has uptime rates approaching
100%. Running on these platforms is a mix of legacy software, that
has been managing customer data for nearly 30 years, and cutting
edge web applications that have enabled the marriage of The CDS
Groups' proven track record with the Internet. All of this sits
behind a double Checkpoint firewall, with data flowing in and out
of our systems through SSH sockets using DES encryption and Verisign
certificate authentication. This combination proffers a user experience
that blends ease-of-use with "bullet-proof" architecture.
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