NEW YORK (PRWEB) February 11, 2019
Maintaining a flexible and healthy cash flow is now much easier for small and mid-sized businesses. FundThrough, the leading automated invoice financing platform for SMBs throughout North America, has introduced a major development in repayment processing. The goal of the latest endeavor is to provide greater flexibility for SMBs, thus improving cash flow and saving money through the reduction of fees. These small and mid-sized businesses frequently find themselves hamstrung by the outdated payment models that corporations use, which delay the injection of much-needed cash flow.
“FundThrough’s Custom Payments feature offers a range of options to clients that require more flexibility to run at optimal efficiency. Through a combination of mindfulness and innovation, Custom Payments allows businesses to make payments on a schedule that works for them,” says Steven Uster, CEO and Co-Founder of FundThrough. “Custom payments were the next logical step in the company’s mission to help small businesses. We understand that SMBs have to stay flexible, and we want to provide them with the tools they need to succeed.”
Custom Payments offers the ability to modify the date of a regularly scheduled payment. By easily changing the date of a future payment, businesses can arrange for a date that coincides with a time when they have more cash on hand. The feature also allows businesses to make one-time lump sum payments at times that are convenient for them. Any amount in excess of the regular payment is applied to the furthest due payment. The lump sum allows businesses to shorten their repayment schedule while also helping to save on fees.
“We understand that SMBs sometimes find themselves in a position to pay off their entire balance in one fell swoop, and while that capability was there, it wasn’t quite as user-friendly as we would have liked,” says CTO and Co-Founder Deepak Ramachandran. “Custom Payments simplifies the process into one click. This means that our clients get to save both time and money. It’s a win-win.”
Custom Payments with FundThrough joins a robust suite of repayment options tailored to every scenario for SMBs. With early repayment and skip repayment options also available, FundThrough has established itself as a champion of small and medium-sized businesses in the field of online invoice financing.
FundThrough is an online invoice financing platform dedicated to changing the way small businesses handle financing and invoicing. The Toronto-based business landed millions in additional funding during 2018, and the company continues to grow in scale and scope throughout North America. By evolving how small businesses manage cash flow, FundThrough provides enterprises with the capital they need to keep their businesses operating.
For more information about FundThrough, please visit http://www.fundthrough.com.
FundThrough offers businesses flexible, on-demand working capital using their outstanding invoices to overcome cash flow gaps and accelerate their growth. The invoice financing platform empowers small, new, and growing businesses in the U.S. and Canada to have their invoices paid when they want in as little as 24 hours. For more information, visit http://www.fundthrough.com.