Small and midsize businesses are turning to a growing number of online technology services to take control of their working capital, according to a recent article in The Wall Street Journal. Among other benefits, new technologies are making billing and payment “as seamless — and hard to avoid — as possible.” Services to help businesses track billable hours and automate their invoicing processes, agencies that provide instant credit reports on potential clients, third-providers that ensure payments are made promptly – they’re all part of a great technological advance in working capital management in the past few years that amounts to a revolution.

Emerging technologies are completely changing the way companies handle their cash flow. Gone are the days of checks getting “lost in the mail,” or companies risking their customer relationships just to generate sufficient cash flow to run their business. We at The Receivables Exchange are part of this technological revolution. Indeed, our company was founded on the principle that, through innovative technology, we could completely reinvent the way that businesses access capital. Through our innovative auction platform, we provide a marketplace for working capital that is flexible, affordable and fast. We continue to partner with some of the most innovative companies in the world – such as Ariba, a leading spend management systems provider – to roll out our cutting-edge solution in the most efficient and integrated way possible.

The small business financing landscape is changing rapidly. In a very short time, companies will freely use the innovative working capital management services The Wall Street Journal highlights, much like they’re using The Receivables Exchange to shorten DSO from an average of 45 days to two. It will become a competitive disadvantage not to have the most current working capital solutions at your disposal. They’ll wonder what they ever did without innovative tools like The Receivables Exchange.

Similar Posts:

Share