About Now

NowAccount provides a platform that allows businesses to receive immediate cash for their customer invoices by purchasing them at a flat fee, enabling faster access to working capital. This solution addresses the issue of delayed payments from larger clients, allowing businesses to maintain cash flow and support sustainable growth without incurring debt.

```xml <problem> Many businesses, especially those selling to larger companies, face significant delays in receiving payments for their invoices. This delay can create cash flow problems, hindering their ability to manage day-to-day operations, invest in growth, and meet financial obligations. </problem> <solution> NowAccount provides a solution to accelerate invoice payments by purchasing approved customer invoices, providing businesses with immediate access to working capital. Businesses upload invoices for customers they want to include in the system. Once the customer approves the invoice and remittance, NowAccount processes the invoice and remits funds via ACH. This allows businesses to maintain healthy cash flow without incurring debt or engaging in traditional financing methods. </solution> <features> - Invoice purchasing with flat fees, starting as low as 3% for Net 15 terms, increasing to 8% for Net 120 terms. - Selective customer inclusion, allowing businesses to choose which customers to run through NowAccount. - Fast funding via ACH upon customer approval of the invoice and remittance. - No personal guarantees required. - Eligibility criteria include B2B or B2G invoices with net terms of 15-90 days, where work/goods are completed and invoices are not past due. </features> <target_audience> The primary target audience includes businesses that sell goods or services to other companies, have creditworthy customers, have cash tied up in unpaid invoices, experience seasonal cash flow demands, and seek alternatives to traditional financing or factoring. </target_audience> <revenue_model> NowAccount generates revenue by charging a flat fee per invoice, ranging from 3% to 8% of the invoice value, depending on the net terms (15 to 120 days). </revenue_model> ```

What does Now do?

Where is Now located?

Now is based in Atlanta, United States.

When was Now founded?

Now was founded in 2010.

Location

Atlanta, United States

Founded

2010

Employees

33 employees

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Executive Summary

nowcorp.com 2K+

Founded 2010 – Atlanta, United States

Funding

No funding information available.

Team (30+)

No team information available.

Company Description

Problem

Many businesses, especially those selling to larger companies, face significant delays in receiving payments for their invoices. This delay can create cash flow problems, hindering their ability to manage day-to-day operations, invest in growth, and meet financial obligations.

Solution

NowAccount provides a solution to accelerate invoice payments by purchasing approved customer invoices, providing businesses with immediate access to working capital. Businesses upload invoices for customers they want to include in the system. Once the customer approves the invoice and remittance, NowAccount processes the invoice and remits funds via ACH. This allows businesses to maintain healthy cash flow without incurring debt or engaging in traditional financing methods.

Features

Invoice purchasing with flat fees, starting as low as 3% for Net 15 terms, increasing to 8% for Net 120 terms.

Selective customer inclusion, allowing businesses to choose which customers to run through NowAccount.

Fast funding via ACH upon customer approval of the invoice and remittance.

No personal guarantees required.

Eligibility criteria include B2B or B2G invoices with net terms of 15-90 days, where work/goods are completed and invoices are not past due.

Target Audience

The primary target audience includes businesses that sell goods or services to other companies, have creditworthy customers, have cash tied up in unpaid invoices, experience seasonal cash flow demands, and seek alternatives to traditional financing or factoring.

Revenue Model

NowAccount generates revenue by charging a flat fee per invoice, ranging from 3% to 8% of the invoice value, depending on the net terms (15 to 120 days).