Energy Services Accounts Receivable Management

Gas and Oil Accounts Receivable Management Service for businesses and AR Assist for lenders are designed for situations where a Gas and Oilfield business does not need funding, but does need the professional accounts receivable management that a company with over six decades of experience like Transfac can provide.

Accounts Receivable Management Service (for businesses)

Accounts Receivable Management Service (ARMS) is for the customer who does not need financing, but would like to use Transfac’s expertise in accounts receivable management. We will evaluate the customer’s current accounts receivable process and offer a menu of services. ARMS can include processes such as: credit assessment, invoice creation, sending invoices, lock box services, cash application or collection. Perfect for a small or growing business that does not want to add resources for operations, ARMS lets you focus on what you do well–run your business.

AR Assist (for lenders)

AR Assist is designed to help lenders with accounts receivable as collateral better manage their risk. Accounts Receivable is a different asset class and most lenders do not have the staff or the experience to manage this moving and dynamic collateral. Transfac is set up to do just that.

1You and your customer will receive:

  • Accounts Receivable Management
    • Professional light collection of invoices
    • Cash application of debtor payments to correct invoices
    • Management of debtor credit limits
  • Real time, online reporting
  • Lock box services available

2Benefits to the lender:

  • True valuation of AR collateral
  • Workout of marginal deals
  • Funding partner as needed
  • Outsource the work to manage AR the way it is supposed to be:
    • Transfac touches every invoice and does verification calls
    • Transfac looks at the credit of the client’s debtors and limits exposure based on credit ratings, experience and concentration

Pricing is based on number of invoices, average size of invoices and number of debtors to be serviced. Most lenders pass the servicing fees on to the borrower.

Please contact us to see how we can help you with one or many of your clients.

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