Instant Cash Flow System
Instant Cash Flow System
Pros and Cons- The Instant Cash Flow System is an automatic payment system for receiving payments from customers. This sophisticated billing system makes sure that you receive the payments from all your customers on time without fail. It gives freedom from the hassles of keeping a check on the payment dates and records of each of the customers.
Even if your customers have all good intentions, there would be some problem or the other regarding payment of the bills in a conventional arrangement. Such problems definitely harm the business. The Instant Cash Flow System helps avoiding them and mechanizes the payment process.
This system makes use of pre-authorized checks. These checks are much like the normal checks and all banks accept them. Through the program, you will automatically receive a pre-authorized check from each of the customers on time each month. You only need to take the checks to your bank and deposit them.
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The Instant Cash flow System also has the facility called Check Collect. It is the automatic NSF Recovery Program of the system. In case the bank returns a preauthorized check for insufficient funds, Check Collect resubmits it electronically. This facility saves the time and efforts of handling the returned checks. It also comes as a relief from personally handling a person whose check has bounced.
This advanced payment system enables one to have a control on the checks. It also reduces the possibility of the banks making mistakes on the accounts of the customers. This system becomes convenient because of its flexibility. You can even hold a check for a few days if a customer requests for it.
The Instant Cash flow System is simple to understand and easy to apply. Though the system transfers funds electronically, it does not use any hardware or software. It does not even require phone lines. It makes the system convenient and cost-effective.
Recommended? Yes, this is a great way to minimize the hassle of collecting payments and things are handled automatically.
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