Blog

Crowdz 201

Do you spend more time chasing money than making it? The Waiting Game is Over.

Invoices are at the heart of everything small and mid-sized businesses (SMEs) do, from hiring to buying products and growth. However, waiting 30, 60 days or 90 days to get paid from customers is the norm.

At Crowdz, we’re on a mission to speed up the receivables process with a competitive invoice auction that allows businesses to instantly sell their invoices to the highest bidder and get cash faster at favorable rates. This improved cashflow gives SMEs more power to buy inventory, pay suppliers and thrive.

Watch your cash flow faster

Our straight-forward sign up process let’s you create an account securely for your company. Sign up with your company email address and you’ll have access to your new dashboard in no time.

As a new user, you’ll have to complete your profile to get the best rate and bids from funders. This includes completing your user and company profiles, connecting a bank account and signing legal agreements. Once done, an employee a Crowdz will review your profile and let you know if you are accepted within 24 business hours. Look out for an email from us.

 

The dashboard is the first thing you see when registering as a seller. This is where you can build a business profile, upload invoices, and navigate to place invoices for sale on the auction marketplace. This dashboard is configured to quickly view key aspects of the platform.

Crowdz Demo 1

 

Next, add invoices to the platform. Crowdz allows you to integrate current accounting platforms to directly pull in invoices or easily create and upload an invoice.

 

Once you have uploaded a few invoices, you can easily manage them and see the status. A user is able to perform bulk actions as well as manage alerts and apply filters by invoice stage and status to see where each invoice is at a glance.

 

It’s time to post your invoices on our auction marketplace for immediate access to a wide range of funding options from various financial institutions. Whether you want to post for auction 1, or 1000 invoices, Crowdz makes it as simple as a few clicks!

Sellers can receive multiple bids and accept the most favorable offer.

After invoices are posted to auction, users can then see the status of those invoices, view bids and accept bids all from one easy to use auction table. The Crowdz SmartScore, a 360 degree view of a buyer and seller, will help funders make an informed decision.

Once you have accepted a bid and reviewed the funder agreement, you can just sit back and watch the money come rolling in. If you have more pressing things to do, like run a business, you can focus on that.

Larger Enterprise Businesses can also use the Crowdz platform to help suppliers, or manufacturers manage their cashflow and improve invoice payment terms.

 

We hope you will see for yourself what Crowdz is doing to help businesses manage their cashflow. We look forward to helping you not just survive but thrive! Join our bi-weekly demo on Thursday mornings to learn more. Contact us at mycrowdz@crowdz.io to sign up.

By Clay Dedeaux

May 7, 2020

Share this article

Blog

Crowdz 201

Do you spend more time chasing money than making it? The Waiting Game is Over.

Invoices are at the heart of everything small and mid-sized businesses (SMEs) do, from hiring to buying products and growth. However, waiting 30, 60 days or 90 days to get paid from customers is the norm.

At Crowdz, we’re on a mission to speed up the receivables process with a competitive invoice auction that allows businesses to instantly sell their invoices to the highest bidder and get cash faster at favorable rates. This improved cashflow gives SMEs more power to buy inventory, pay suppliers and thrive.

Watch your cash flow faster

Our straight-forward sign up process let’s you create an account securely for your company. Sign up with your company email address and you’ll have access to your new dashboard in no time.

As a new user, you’ll have to complete your profile to get the best rate and bids from funders. This includes completing your user and company profiles, connecting a bank account and signing legal agreements. Once done, an employee a Crowdz will review your profile and let you know if you are accepted within 24 business hours. Look out for an email from us.

 

The dashboard is the first thing you see when registering as a seller. This is where you can build a business profile, upload invoices, and navigate to place invoices for sale on the auction marketplace. This dashboard is configured to quickly view key aspects of the platform.

Crowdz Demo 1

 

Next, add invoices to the platform. Crowdz allows you to integrate current accounting platforms to directly pull in invoices or easily create and upload an invoice.

 

Once you have uploaded a few invoices, you can easily manage them and see the status. A user is able to perform bulk actions as well as manage alerts and apply filters by invoice stage and status to see where each invoice is at a glance.

 

It’s time to post your invoices on our auction marketplace for immediate access to a wide range of funding options from various financial institutions. Whether you want to post for auction 1, or 1000 invoices, Crowdz makes it as simple as a few clicks!

Sellers can receive multiple bids and accept the most favorable offer.

After invoices are posted to auction, users can then see the status of those invoices, view bids and accept bids all from one easy to use auction table. The Crowdz SmartScore, a 360 degree view of a buyer and seller, will help funders make an informed decision.

Once you have accepted a bid and reviewed the funder agreement, you can just sit back and watch the money come rolling in. If you have more pressing things to do, like run a business, you can focus on that.

Larger Enterprise Businesses can also use the Crowdz platform to help suppliers, or manufacturers manage their cashflow and improve invoice payment terms.

 

We hope you will see for yourself what Crowdz is doing to help businesses manage their cashflow. We look forward to helping you not just survive but thrive! Join our bi-weekly demo on Thursday mornings to learn more. Contact us at mycrowdz@crowdz.io to sign up.

By Clay Dedeaux

May 7, 2020

Share this article