FTRANS Corp.
Platinum Business
Verified Business
Credit Businesses Deserve
"FTRANS enables businesses to increase their access to capital and reduce their credit administrative burdens."
- Overview
- Deals (2)
- Product Offerings
Product Offerings
FTRANS provides a complete accounts receivable and credit management solution for businesses that want to accelerate their cash flow and decrease administrative burdens. As a result, with FTRANS you can receive payment on invoices in 2 to 5 days, not the typical 45, significantly changing the cash flow dynamics of your business.
Business Hours
- Mon 8:30 am-5:30 pm
- Tue 8:30 am-5:30 pm
- Wed 8:30 am-5:30 pm
- Thu 8:30 am-5:30 pm
- Fri 8:30 am-5:30 pm
- Sat Closed
- Sun Closed
Service Area
Categories
Editorial Review
by Duncan C from Company.com on 02/09/2010
One of the few companies in the United States offering non-bank originated funding solutions for small and medium sized businesses. FTrans offers a unique solution pre-funding accounts receivables up to $2,000,000 monthly. Fees range from 0.8% to 1... More.15% for the administration of the funding and collections in addition to a nominal credit-line banking fee which cost about 10%-15% for the days the receivable is outstanding. This is an excellent solution for businesses with slow pay receivables that do not want to go through the bank approval rigger. Synovus is a founding owner of the company and the management team includes the prior CEO of S1 and the original founder of Peachtree Software. It's a very impressive group and we expect significant benefit to our subscribers through their use of this product in this troubling economic climate.
FTRANS helps businesses increase their access to capital by working with local financial institutions to outsource the tasks involved with the accounts receivable function. By outsourcing accounts receivable to FTRANS, businesses can benefit by quickly increasing their cash-on-hand while cutting cost and overhead related to collections and A/R accounting management.
AWARDS
SERVICES
PROS
* FTRANS on 2009 'Inc. 500' List, 345 on list
* FTRANS Named to TechJournal South's 'Tech 50 2009' List
* Account Receivables pre-funding and collections
* Cash management services
* Account Receivables collections
* Solid product with strong financial backers including Greenhill, Synovus, Total Technology Ventures, LLC and New Atlantic Ventures
* Funding up to $2M monthly
* Non-recourse for receivables that do not pay when reinsurer fee is paid. Ask about this feature
CONS
* Approval process can take some time to verify A/R quality
* Banker network is being developed and as such, some locations are difficult to lend to. Expanding regularly, so check first before discounting this product as an option.
* FTrans is still working through its process flow. Getting better, but it has a ways to go.
Latest Deals
20% Off Initial 3 Months
First 3 months receivables fee discounted by 20%. In addition a 10% rebate applied to renewal for month 13, up to a $200... More...
Specialties
- Our clients get paid in 5 days or less, every time, for as low as 2%. Think 2% net 5!
- We provide the credit intelligence that small businesses need, but don’t typically have.
- FTRANS reduces your costs by taking over the burden of AR processing.
- FTRANS turns tedious AR processing, like payment matching, from manual to automated, freeing up time to resolve disputes and provide better customer service.
- FTRANS helps you manage your AR the way Fortune 500 companies do.
Brands
- FTRANS Trade Credit Express
- FTRANS AR Best Practices™
Languages Spoken