Five years ago, FTRANS founder John B. Hayes realized that whatever their industry, B2B businesses are also in the business of granting and managing credit to their customers every time they agree to be paid later for products and services delivered now. Business owners who understand the risks and benefits of granting their customers credit also realize that while they wait for a customer to pay, their valued customer is holding onto cash that could be in their account. We enable our customers to immediately accelerate the time it takes them to receive cash for their sales from 50 days to 5 days. Our customers improve their margins by offloading the administrative burdens of manually managing credit and accounts receivable.
Our customers range across manufacturing, wholesale, distributors, and service businesses, including law firms, marketing service firms, air filtration manufacturers, sporting goods manufacturers, trucking and transport companies and many other businesses driving the American economy.
FTRANS helps small business that are B2B sellers of goods or services who want to better manage their cash flow and focus on their business. It works well for business in manufacturing, wholesale, distribution and services of $1 million and up with total accounts receivable of $100,000 to $2,500,000.
Our innovative use of technology and process enables us to provide this capability to our customers at a price and service level that is significantly superior to that available from traditional approaches.
We are gratified that success in serving our clients has been recognized by being named to the Inc 500 in 2009.