If you’ve ever heard of the Pareto Principle
, you’re probably aware that 20% of your customer sales can account for 80% of your business finance and success. This is particularly important in quickly growing companies where time is of the essence. The problem is that if you are a B2B company, you probably also realise that customer invoices result in weeks and months of payment delays, even for your top 20%.
That is where we can help. Convertibill® provides a Credebt Exchange® platform where you can exchange your delayed invoices for cash upfront. And because we know the value of the Pareto Principle, you can use our platform for the 20% of customers that give you 80% of your business.
Allowing our clients to grow their business and build up their trading experience is a main priority for us. We don’t take over your entire sales ledger, so you have the freedom to choose which of your customer invoices you want on the platform. By trading with us and building up a trading history, it is very easy to add new customer accounts onto the service, thus consistently increasing your working capital as a way to fully understand how the service works and how beneficial it would be for his company. This was completed very simply, and after a while, he began to add other accounts to the service with confidence and ease.
If you have any questions about your particular sales ledger and how to convert it using the Pareto Principle, feel free to contact us here
You can also find answers on our FAQ