| 1. |
What kind of license or certification do I need to finance my receivables? |
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A. |
None. There is no licensing or certification required to finance your own receivables.
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| 2. |
How do I manage collections with your program? |
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A. |
It is very simple. First of all, you decide which customers are worthy of being financed. By carefully selecting which customers to finance, you will significantly reduce any collections issues. Prinion will continue to produce invoices each month, with the accrued interest and late charges. If, ultimately, you decide to have a collections attorney handle these accounts, you will never have to make a single collections call.
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| 3. |
How much work is involved in managing the financing of my receivables? |
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A. |
Very little. We estimate 5 minutes per account per month.
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| 4. |
What makes Prinion the best system to buy? |
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A. |
Prinion Customer Financing software is a Windows-based, easy to use, flexible, and complete financing management system. It is the gold standard, providing all the tools you need to increase your profits, improve your cash flow, generate more business, and enhance your customer relations by properly financing your receivables.
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| 5 |
Given the current credit environment, is this the right time to get into the finance business?
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A. |
Actually, it is the best time for a business to begin financing their customers’ purchases. The best way for a small business owner or service professional to protect their business from ups and downs of the economy, is to be in control of their receivables: to determine which customers to finance and which to turn down, and determine minimum payments, interest rates, and late fees. And not to give all that money away.
Plus, if the economy continues to be “soft”, customers will become more selective in their spending. Those customers that have an account with a particular business or service, will be more inclined to do business there. They have been “approved” and “invited back” and will more likely remain loyal customers.
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