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Bridging the cash flow gap between payables due today and receivables from insurance companies that won't be seen for months can be frustrating. But SecurMedA/R a convenient web-based system, powered by A/RxMed Funding eases that frustration by allowing you to receive cash for your accounts receivable by from American Security Bank & Trust.
SecurMed also provides detailed management reports outlining critical information about funded receivables and helps you to conduct business on an all-cash basis.
Improve cash flow – With predictable cash flow, you can make payroll, remit payables on time, increase inventory and pursue new business opportunities.
Save time and money – Take advantage of "quick-pay" and volume discounts from suppliers.
Manage your operations – Reduce or eliminate debt, maintain a liquid working capital position, manage overhead expenses and prevail in seasonal fluctuations.
Grow your organization – Pursue new business or investment opportunities, fund expansion, purchase new equipment and systems and increase staffing.
- The bank purchases your accounts receivable at a discount, both initially and ongoing as new receivables are generated. Funds are then deposited into your account giving you the positive cash flow you need.
- You continue to handle your own billing and posting processes and use SecurMed's convenient, online system to send daily transaction reports to the bank, identifying any new charges, payments or adjustments posted to your system.
- If a claim or portion of a claim remains unpaid, you repurchase the non-remitted amount and pursue collections in whatever manner you prefer.
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