A guide to getting started with Capchase

A Guide to Getting Started with Capchase

If you are a growing business looking to maximize profitability, Capchase is a platform that can help you access money you are already owed in exchange for a small fee. With Capchase, you can unlock cash flow by utilizing your future invoices and bring forward the money you are owed to invest in growth. In this article, we’ll provide a step-by-step guide to getting started with Capchase.

What is Capchase?

Capchase is a platform that helps companies unlock their future cash flow by providing an advance on their unpaid invoices. Rather than waiting for customers to pay invoices upon receipt, companies can use Capchase to get the money they are owed right away. In exchange for a small fee, Capchase will provide an advance on any unpaid invoices up to 12 months out, allowing businesses to invest in growth and maximize profitability.

Getting Started with Capchase

Getting started with Capchase is quick and easy.

Step 1: Sign Up

First, visit the Capchase website and sign up using your email address. You will be prompted to provide some basic information such as your company name, industry, and estimated revenue. Capchase will then take a few minutes to assess if you’re a good fit for their service.

Step 2: Connect Your Accounting System

Once you’ve been approved, you’ll be redirected to Capchase’s dashboard where you can connect your accounting system. Capchase integrates with popular accounting systems like QuickBooks, Xero, and FreshBooks. By connecting your accounting system, Capchase can access your invoicing information, allowing them to provide an advance on your unpaid invoices.

Step 3: Select Invoices to Advance

After connecting your accounting system, you can select the invoices that you want to advance in exchange for cash. Once you have chosen the invoices, Capchase will provide a quote for the advance, and you can choose to accept or decline it.

Step 4: Receive Your Advance

If you accept the quote, Capchase will deposit the funds into your bank account within 24 hours. The amount deposited will be the value of your chosen invoices, minus a fee that ranges from 1-2.5% per month until the invoice is paid. Once your customer pays the invoice, Capchase will receive their money back, with interest, and you will receive the remaining balance.

Benefits of Capchase

Using Capchase can provide a variety of benefits for growing businesses, including:

  • Improved cash flow that allows for investment in growth
  • No need to wait for slower-paying customers to pay their invoices
  • Avoidance of high-interest business loans

Conclusion

Capchase is a platform that unlocks your future cash flow by advancing payments on your unpaid invoices. By getting started with Capchase, businesses can invest in growth by unlocking their owed money upfront. The process is quick and easy, with integration into popular accounting systems, allowing companies to take advantage of advanced technology to maximize profitability.