Overview
invoiceXcel is fully integrated within NetSuite and enables users to accelerate payment on invoices they have submitted to their customers that are due in 30, 60, 90 or more days. Every day you can view updated pricing on invoices you have submitted to your customers that you have previously registered. With one click you can offer the invoices for financing and get the payment, often on the same business day. The solution helps your company improve cash flow by getting paid faster, sell more product by being able to offer/accept longer payment terms, reduce risk exposure to your customers, and lower your Days Sales Outstanding (DSO).
Key Benefits
- Quick Payment: Accelerated invoices are paid in as little as one business day.
- Easy to use: invoiceXcel is fully integrated in your NetSuite experience.
- Flexible: With invoiceXcel you can easily view all your invoices that are eligible to be accelerated. You can select one, some, or all invoices for financing. Enhance your cash flow as you need to.
- Favorable Advance Rates: Raistone will typically advance 100% of the invoice amount minus the discount for early payment.
- Transparent Pricing: All pricing, advance rates, and any fees are clearly disclosed for each invoice.
- Not a Loan: This is not a loan; it is not debt; it is your money paid faster.
- Detailed Reporting: invoiceXcel provides reporting of all eligible invoices, offered invoices, and remittance and collections of invoices.
All of this is fully integrated in your NetSuite experience.
invoiceXcel helps firms manage their working capital
Many corporates continue to extend their payment terms 60, 90 or more days, putting a strain on their supply chains as working capital is needed to fulfill new orders. invoiceXcel allows companies to quickly and cost effectively receive early payment on invoices all within the NetSuite environment they know and love.