Corcentric Channel Finance is the solution to the age-old problem of late payments. We pay your sellers’ invoices, so they get paid faster – giving them confidence in their cash flow, confidence to make bigger sales, and confidence to do more business with your community.
Meanwhile, we take the responsibility and risk for incoming and outgoing payments taking place through the network, including managing credit and collecting payments. We manage:
- Incoming payments – we can receive and process remittance from buying parties on your behalf, with the ability to handle payments by check, credit card, and Automated Clearing House (ACH).
- Outgoing payments – if you’re running a National Account or other centralized billing model with us, we can make prompt outgoing payments to sellers under our Channel Finance model, recouping the money from buyers under our credit and collections management service.
- Reporting – all incoming and outgoing payments are recorded in full with a complete audit trail, so you always stay up to date with the flow of cash through your network.