Download - Cash Flow Services for Businesses
![Page 1: Cash Flow Services for Businesses](https://reader034.vdocument.in/reader034/viewer/2022051818/54b746854a7959067e8b45ae/html5/thumbnails/1.jpg)
Payment Automation Network, Inc.
www.PaymentAutomation.net
Click your mouse to continue. Press <Esc> to quit
![Page 2: Cash Flow Services for Businesses](https://reader034.vdocument.in/reader034/viewer/2022051818/54b746854a7959067e8b45ae/html5/thumbnails/2.jpg)
Cash Flow Solutions
For Business
![Page 3: Cash Flow Services for Businesses](https://reader034.vdocument.in/reader034/viewer/2022051818/54b746854a7959067e8b45ae/html5/thumbnails/3.jpg)
Cash is the life blood of any
business
“Four out of five small businesses fail in the first two years due to lack of capital (cash flow).”
Small Business Administration
![Page 4: Cash Flow Services for Businesses](https://reader034.vdocument.in/reader034/viewer/2022051818/54b746854a7959067e8b45ae/html5/thumbnails/4.jpg)
The Problem:Billing &
Collections
• It’s expensive to do
• Customers often don’t pay on time
…Both of Which Result in CASH FLOW
Problems!
![Page 5: Cash Flow Services for Businesses](https://reader034.vdocument.in/reader034/viewer/2022051818/54b746854a7959067e8b45ae/html5/thumbnails/5.jpg)
The Need: Cash Flow
Invoicing the Customer is Expensive :
– Average Cost: $4.17 per invoice for small businesses*
– Internet research shows the average cost to be $9.65 for all businesses• Forms, Envelopes• Postage• Accounting Labor• Follow-up Labor• Equipment/Overhead• Cost of Outstanding Money
* Source: 1998 Study by Harvard Business School
![Page 6: Cash Flow Services for Businesses](https://reader034.vdocument.in/reader034/viewer/2022051818/54b746854a7959067e8b45ae/html5/thumbnails/6.jpg)
Innovative Services
Billing & Invoicing Services
Other Cash Flow Services
Pre-Authorized Checking
![Page 7: Cash Flow Services for Businesses](https://reader034.vdocument.in/reader034/viewer/2022051818/54b746854a7959067e8b45ae/html5/thumbnails/7.jpg)
Pre-Authorized Checking
![Page 8: Cash Flow Services for Businesses](https://reader034.vdocument.in/reader034/viewer/2022051818/54b746854a7959067e8b45ae/html5/thumbnails/8.jpg)
What would it be worth to you if you could get payments from your customers on the same day of the month…every month…without ever sending out an invoice?
Our Clients Say… “It’s Worth A Lot!!”
![Page 9: Cash Flow Services for Businesses](https://reader034.vdocument.in/reader034/viewer/2022051818/54b746854a7959067e8b45ae/html5/thumbnails/9.jpg)
The Traditional Billing Process
Business’ BankBusiness’ Bank Customer’s BankCustomer’s Bank
BusinessBusiness
Invoice is SentInvoice is Sent
Payment is ReturnedPayment is Returned
CustomerCustomer
![Page 10: Cash Flow Services for Businesses](https://reader034.vdocument.in/reader034/viewer/2022051818/54b746854a7959067e8b45ae/html5/thumbnails/10.jpg)
How Pre-Authorized Checking Works
Your customer completes & signs the pre-authorized payment form
You forward the customer information to our processing center via telephone, fax, US Mail or delivery service
We enter your customer’s information into our system
We print a paper demand draft (check) on the same day(s) each month and deliver them to you for deposit
![Page 11: Cash Flow Services for Businesses](https://reader034.vdocument.in/reader034/viewer/2022051818/54b746854a7959067e8b45ae/html5/thumbnails/11.jpg)
You’re Already Familiar With This
Service•Used for years by. . .
• Mortgage Companies
• Insurance Companies
• Health Clubs
Now Pre-Authorized Checking Is Available To
Every Business…
Including Yours.
![Page 12: Cash Flow Services for Businesses](https://reader034.vdocument.in/reader034/viewer/2022051818/54b746854a7959067e8b45ae/html5/thumbnails/12.jpg)
Other Businesses Using Our Services
Pager and Voice Mail Services
Self-storage Rentals Private Schools Trash Pick-up Companies Non-Profit Organizations Churches/Synagogues Answering Services Trade Schools Newspapers Lawn Services
Alumni Associations Apartments Bottled Water Companies Cable TV Services Day Care Centers Pool Services Public Radio & Television Home Security Companies Utility Companies … and Many More
![Page 13: Cash Flow Services for Businesses](https://reader034.vdocument.in/reader034/viewer/2022051818/54b746854a7959067e8b45ae/html5/thumbnails/13.jpg)
Why Do You Need Drafting?
Regular monthly payments come in automatically
Customers that pay over a period of time pay regularly
You can save money by not sending out monthly bills or invoices
![Page 14: Cash Flow Services for Businesses](https://reader034.vdocument.in/reader034/viewer/2022051818/54b746854a7959067e8b45ae/html5/thumbnails/14.jpg)
Why Do You Need Drafting?
Even if you don’t use drafting, your competition will
You can use the time and money spent on collections as profit
You can offer your customers another payment option
![Page 15: Cash Flow Services for Businesses](https://reader034.vdocument.in/reader034/viewer/2022051818/54b746854a7959067e8b45ae/html5/thumbnails/15.jpg)
How Much Does It Cost?
• We charge a small fee per check• Fee ranges from $1.50 to $3.00
depending on:– Number of customers participating– Anticipated length of relationship
A small price to pay for the peace of mind you’ll get from having your customers’ payments IN
YOUR HAND!
![Page 16: Cash Flow Services for Businesses](https://reader034.vdocument.in/reader034/viewer/2022051818/54b746854a7959067e8b45ae/html5/thumbnails/16.jpg)
Example: Home Security Co.
1,000 customers $30 average monthly fee $30,000 monthly revenue Send out invoices @ $4.17 each 1,000 customers x $4.17 = $4,170
It’s costing over $4,000 a month to collect $30,000!
Not Using Pre-Authorized Checking
![Page 17: Cash Flow Services for Businesses](https://reader034.vdocument.in/reader034/viewer/2022051818/54b746854a7959067e8b45ae/html5/thumbnails/17.jpg)
Example: Home Security Co.
1,000 customers Half participate in PAC (500 Customers) 500 still cost $4.17 each = $2,070 500 now at $1.50 each = $750 Total invoicing cost now just $2,820 per
month A Savings Of $1,350 A Month…& Half Of All Money Is Collected Instantly!
Using Pre-Authorized Checking
![Page 18: Cash Flow Services for Businesses](https://reader034.vdocument.in/reader034/viewer/2022051818/54b746854a7959067e8b45ae/html5/thumbnails/18.jpg)
How Much Money Can You
Save?
Tanning Salons – 500 CustomersSave $1,335 per month for each location
Child Care - 1,500 CustomersSave $4,005 per month
Condo Association - 250 UnitsSave $668 per month
What About You???
Examples (assuming $1.50 fee per check)
![Page 19: Cash Flow Services for Businesses](https://reader034.vdocument.in/reader034/viewer/2022051818/54b746854a7959067e8b45ae/html5/thumbnails/19.jpg)
How Much Money Can You
Save?What Is It Worth To Have:
Your customers’ payments in your hand
Ready to deposit
On the first day of the month
Every month
![Page 20: Cash Flow Services for Businesses](https://reader034.vdocument.in/reader034/viewer/2022051818/54b746854a7959067e8b45ae/html5/thumbnails/20.jpg)
The Bottom Line: Get Your Bill To The TOP of
The Pile
When your customer is deciding whether to pay
you or someone else, isn’t it nice to know that we
get YOUR money automatically?
![Page 21: Cash Flow Services for Businesses](https://reader034.vdocument.in/reader034/viewer/2022051818/54b746854a7959067e8b45ae/html5/thumbnails/21.jpg)
Your Options:Large Payment Processing
Companies
Want only large accountsNo local service Too expensive for small
merchantsLimited servicesCustomer service issues
![Page 22: Cash Flow Services for Businesses](https://reader034.vdocument.in/reader034/viewer/2022051818/54b746854a7959067e8b45ae/html5/thumbnails/22.jpg)
Other Options: Institutional Banks
“Hidden” Fees Conversion fees, diskette processing fees, debit fees,
reversing fees, correcting fees, credit fees, origination fees, pre-note fees, addenda record fees, return item fees, notification of change fees and monthly account minimum fees
Software to buy or lease Complete Credit/Background Checks may be involved Processing options may be limited 5 Day Pre-delivery Prior to Processing 2 Week Pre-notification of Changes/Additions 10% to 20% Reserve At All Times YOU DO ALL the Work
Initial Data Entry and Updates, Backups, Modem Transfers, Follow-ups
![Page 23: Cash Flow Services for Businesses](https://reader034.vdocument.in/reader034/viewer/2022051818/54b746854a7959067e8b45ae/html5/thumbnails/23.jpg)
Why Use Us?It’s Simple
• We do all the work• Provide all paperwork & documentation• No hidden fees• No credit checks on customers• No software to buy, learn, or maintain• Changes are easy to make• WE GET YOUR MONEY…• YOU RUN YOUR BUSINESS!
![Page 24: Cash Flow Services for Businesses](https://reader034.vdocument.in/reader034/viewer/2022051818/54b746854a7959067e8b45ae/html5/thumbnails/24.jpg)
Enrollment …Simple
One-page agreement
No long term commitment
We send notice to your bank
You’re done
![Page 25: Cash Flow Services for Businesses](https://reader034.vdocument.in/reader034/viewer/2022051818/54b746854a7959067e8b45ae/html5/thumbnails/25.jpg)
Billing & Invoicing
![Page 26: Cash Flow Services for Businesses](https://reader034.vdocument.in/reader034/viewer/2022051818/54b746854a7959067e8b45ae/html5/thumbnails/26.jpg)
Professional Billing and Invoicing
Monthly Invoicing/Billing For customers who will not sign up for a draft We can handle an unlimited number of customers Fixed or Variable Billing Invoices are sent on time every month You never have to chase your money again
![Page 27: Cash Flow Services for Businesses](https://reader034.vdocument.in/reader034/viewer/2022051818/54b746854a7959067e8b45ae/html5/thumbnails/27.jpg)
Billing Services: Savings Example
Same Home Security Co. With 1000 Customers
Only 500 are on Pre-Authorized Checking
That Leaves 500 Customers to Invoice
Your cost was $4.17 per invoice
We will do the work for half… $2.08 per invoice
500 customers @ $2.09 savings per customer =
Savings of $1,045 Every Month
![Page 28: Cash Flow Services for Businesses](https://reader034.vdocument.in/reader034/viewer/2022051818/54b746854a7959067e8b45ae/html5/thumbnails/28.jpg)
Enrollment? Again … Simple
One page agreement
No long term commitment
We take care of your billing from the day you sign up
You’re done
![Page 29: Cash Flow Services for Businesses](https://reader034.vdocument.in/reader034/viewer/2022051818/54b746854a7959067e8b45ae/html5/thumbnails/29.jpg)
Payment Automation Network, Inc.
CALL (800) 813-3740
or visit www.PaymentAutomation.net