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Fortune 500 Tools To Manage SMB Receivables

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    Posted: Jun 05 2013 at 3:08pm
Democratizing SMB Receivables

For years, Fortune 500 companies have had access to tools that have helped optimize their business practices and function at maximum efficiency. They’ve had access to technology that was, at the time, monetarily inconceivable to smaller businesses. With the advancements in technology, we now stand at a place where technology is actually making things more affordable for small businesses.

Funding Gates, a New York based company that has recently launched online receivables management software for small businesses, is a perfect example of such democratization. As no surprise, Fortune 500 companies often experience problems getting paid, yet they are not alone. In fact, one in two small businesses also have problems collecting on past due accounts. However, unlike large companies, the tools available to them commonly include spreadsheets, notepads, and pen and paper to tackle this problem. 

Funding Gates has developed an online software that seamlessly integrates with a business’ accounting software, such as Quickbooks, and starts prioritizing which accounts should be addressed first. With a few simple clicks, businesses can take actions to drastically reduce the time it takes to get paid. In addition, every interaction with a customer gets automatically logged within the software so nothing falls through the cracks.  

Funding Gates believes that the user experience should be at the core of the software. The design is simple and powerful, and the rich interaction the software provides gives users a greater level of freedom. Managing receivables should be the easiest part of running a business, and users of all types and status within an organization should be able to do it. By offering software to small businesses that is in fact easy to use and elegantly designed, the result becomes better decision-making at all levels of the organization, ensuring that chances of success are maximized.  

See the full story here entitled - Democratizing Fortune 500 Tools To Manage SMB Receivables

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