Q: Why do companies use this service?
A: The main reason to finance invoices is see increased cash flow now rather than wait 30 to 90 days. This cash flow helps companies meet short term financial obligations and continue to operate and grow.
Q: How is invoice financing different than a bank loan?
A: Intelicapital considers the strength of your customers and not your company. Also, we are purchasing an asset (your invoice) rather than extending a debt to you. This keeps the debt incurred by a bank loan off of your balance sheet.
Q: How are fees and advance rates determined?
A: We look at your customer’s individually. If you have four ‘lower-risk’ customers and one ‘higher-risk’ customer, we will determine advances and fees according to each of your customer’s risk. So your advances may be higher and fees lower for the invoices for your ‘lower-risk’ customers and vice-versa for ‘higher-risk’ customers.
Q: What if my customer does not pay in time?
A: Intelicapital offers a plan that allows you to put back some of your advance into an assurance fund. This fund can be used to offset any amount of unpaid balances in the event your customer does not pay according to terms.
Q: What changes for my customers?
A: The only thing that changes for your customers is that they mail payments to Intelicapital rather than you. The invoice that your customer receives will have a “remit to” address that corresponds with Intelicapital’s P.O. Box. This process is known as assigning invoices and is quite common and should not be a problem for your customers. Intelicapital may need to interact with your customer from time to time in order to verify an invoice or for collection purposes. Rest assured, we will always be respectful to your customers.
Q: What tools does Intelicapital have to help me?
A: Intelicapital has a secure web tool that allows you to track your invoice ageing from submission to payment and rebate. It also allows you to upload the invoices that we mail to your customers. You can also generate several reports that give you vital information about your account.
Q: What other services can Intelicapital provide?
A: Through our network of partner companies Intelicapital can provide business consulting services, payroll services and assist you with credit checking of prospective customers.
Q: How do I get started?
A: Time is Money, so dont wait! Contact us now!
