BusinessManager takes the uncertainty out of accounts receivable.
Cash flow challenges can pose a significant hurdle for your business when you need predictable margins to scale. But what if every time you sent a new invoice, you received cash within 24 hours?
That's the power of Vast Bank and BusinessManager.
Turn your receivables into working capital.
It's hard to grow your business when you're waiting 30 to 90 days to get paid. Taking out a line of credit can help move your business forward in the meantime, but even this option can put limitations on your borrowing ability.
BusinessManager isn't a traditional line of credit. It's one step ahead. By funding new invoices upon receipt, BusinessManager is the fastest and most convenient solution to maintaining the consistent, predictable cash flow your company needs to thrive.
With the help of Vast Bank and BusinessManager, you can:
- Efficiently manage customer concentrations
- Take on more and bigger clients
- Offer customers more flexible terms to stay competitive
- Receive preferred terms and discounts from suppliers
- Pay down accounts payable and/or business debt
How It Works
- Vast Bank purchases your accounts receivable at a negotiated rate, both initially and on an ongoing basis, as new receivables are generated.
- Funds are consistently deposited into your account as you upload invoices through our easy-to-use online portal.
- Using a self-liquidating solution customized to your business, your accounts receivable are processed efficiently. Vast Bank allows you to manage your client relationships and will never contact or collect payments from clients on your behalf.