The Accounts Receivable Purchase Program begins with BTFG establishing a credit facility for each manufacturers distributor and major account worldwide. BTFG purchases the accounts receivable from the manufacturer, providing immediate funding on the transaction, and collects from the customer/distributor within the new terms of sale made possible by BTFG. Like all BTFG programs, the Accounts Receivable Purchase program is customized to address specific manufacturer requirements regarding sales volumes, promotional campaigns, and cash flow needs. The Program eliminates Days of Sales Outstanding (DSO), provides immediate access to the cash generated by sales, and promotes sales through the greater availability of open account terms and extended terms of payment.
The Accounts Receivable Purchase Program begins with BTFG establishing a credit facility for each ma