Accounts Receivable Purchase (Domestic)
Accounts Receivable Purchase (Domestic) is a cashflow solution that allows you to sell your receivables (invoices) to IFS Capital and receive early payment.
Benefits
Immediate access to funds to pay off expenses
Receive early payment of up to 90% of your receivables value for your working capital needs
Less worry over your customer’s financial health
Up to 100% credit protection against bad debts and customer insolvency
Access to working capital that grows with sales
The more you sell, the higher your facility limit
Optimize resource allocation and improve days sales outstanding (DSO)
Dedicated team to handle your collection and view your receivables ledger on the go with digital client access
When you issue an invoice to your customer, you create an asset that can be monetized. This asset (also known as a “receivable”) has a monetary value because it represents funds that have yet to be received by you.
By selling these invoices or receivables to IFS Capital, the unpaid funds can be advanced immediately to you, instead of waiting for your customer to make payment. The amount advanced is often a percentage (up to 90%) of the total invoice value, less fees.
The remaining balance invoice amount will be returned to you after the payment have been received by IFS Capital.
Explanation
At a glance
*Legend:
"Client" refers to you, the requestor of ARP facility from IFS Capital
"Customer" refers to customer of the "Client"