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CAMPBELL'S HARDWARE
Challenge
Campbell’s Hardware sells hardware and building supplies to contractors in the surrounding area. Despite growing competition, Campbells was able to thrive and succeed when it came to service and product availability. But, the giant retailers were providing convenient credit lines to their customers. There was enormous pressure on the part of Campbells to offer the same credit terms.
Campbells needed a way to keep their existing accounting system in place and be able to expand their receivable base without tying up additional cash that would normally be used for operating the business. This became a difficult balancing act because Campbells was not in a position to tie up its cash by waiting long periods of time for invoice payments.
Solution
CDS Companies/MyReceivables.com and QuickBooks.
By downloading an integration module from Intuit’s website, Campbells was able to continue using their QuickBooks software and expand the credit program they wanted to offer their customers. The entire implementation process from “soup to nuts” took less than thirty days.
Results
Quote “QuickBooks software is doing a great job for us. Now the additional cash flow services from CDS QuickBooks becomes a much more powerful business tool for us”.
Campbells can now count on having the ease of use with QuickBooks and the consistent cash flow of CDS. Campbells can now get back to doing what they do best – making more sales and attracting new business!
ADVANCED CREDIT SOLUTIONS
Challenge
Advanced Credit Solutions is a leader in providing credit-reporting services. They provide all services directly on line.
Their business was growing faster than ever and they already had a good billing system in place with QuickBooks. Their problem was each time they added a new client, their receivables would grow at the same time! Keeping the existing accounting system in place and working with a finance company without having to change their system was a big challenge.
Solution
Through Intuit and the Internet, Advanced Credit Solutions was able to sign up for the CDS Cash Flow Solutions program and keep their internal accounting procedures in place. This included a wide array of services including statement mailing, quick cash flow for their receivables and the ability for growth without the strain of any cash flow shortfall.
Results
Quote “Many companies say they integrate with QuickBooks, but CDS makes it seamless, it’s very easy to get up and running and to use”.
By using the QuickBook/CDS integration, a complete menu of accounting receivable management and funding services quickly become available. Now growth and cash flow no longer was an ongoing problem. It was especially valuable when Advance Credit Solutions received regular cash financing every week for their outstanding invoices.
HEARTLAND PUBLIC SAFETY
Challenge
Heartland had the opportunity to take their business to the next level. After setting up a new operation including accounting systems and personnel to do the job, the challenge came when additional business started coming in. They needed to respond quickly and take on the new business although they knew that the outstanding receivables would greatly affect their cash flow. But as the saying goes, “you need to strike while the iron is hot”. Not wanting to pass up good business due to the lack of cash flow was their challenge.
Solution
Since 1972, CDS Companies/MyReceivables.com provides cash flow solutions that allow businesses to make immediate use of their receivables that are normally tied up for fifty to sixty days. The ability to expand their business free of cash flow problems, becomes a very vital service for the enterprise and this sole proprietor owner. CDS provides a complete menu of accounts receivable management and funding services. Services include business and consumer application processing, automated download of data from QuickBooks into CDS’ data center.
Results
Committed to providing superior customer service to its clients, Heartland Public Safety can now continue to take on larger and e significant clients. Not only is the proper system in place to track all accounting functions, but the consistency of having cash flow compared to waiting for receivables to pay has completely changed their approach. It has brought Heartland greater stability.
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