How Invoice Factoring Works

"The Pyx Financial Group pays businesses for their invoices immediately, much like a credit card company pays a merchant."

Accounts receivable management in today’s entrepreneurial economy is an effective way to help grow your business. Under the right circumstances, it is a vital tool for a young, rapidly growing or recovering company.

Why has invoice factoring been a popular means of raising capital for so long?

BECAUSE IT WORKS

Simply stated, invoice factoring is the practice of selling your accounts receivable for cash. The factor pays you for your invoices within 48 hours and in return receives payment from your customers, reducing your administrative costs. You get your money promptly which enables you to take advantage of new growth companies.

Once you have become a Pyx Client, the process of funding on your accounts receivable is extremely straight forward:

1. You invoice exactly as you do now, however you forward them to us.
2. We make our first payment of 80% to you the next day.
3. We make our second payment of 20% after your customer pays (less our fee).

1. Responds to the needs of your business.
2. Contacts your customers for payment maintaining your existing credit terms.
3. Communicates with you on any customers requiring attention.
4. Always recognizes that your customers are your most important assets.