We're on a mission to put an end to slow pay and change "the check's in the mail" to "the check is in your account".
We believe payment terms should actually mean something.
We believe getting paid on time should be easier - the norm not the exception.
We believe if a customer isn't going to pay you on time, they should at least take 30 seconds to let you know the reason why, particularly since they are the ones breaking the payment terms you both previously agreed to.
For these reasons, we created TermSync, the online platform for accounts receivable automation.
Our goal is to improve your collections while enhancing customer relations. Because we are a third party platform, we not only provide value to our clients but perhaps more importantly, our process is accepted and appreciated by customers of our clients. As a result, TermSync clients get paid faster, improve cash flow and get much needed visibility.
In fact, over 99% of all transactions processed through the TermSync platform get paid on or before the due date. And for the less than 1% that are not collected on-time, our clients receive a reason before the due date directly from their customers as to why payment will be delayed, and when it can be expected.
Our founder Mark Wilson, CPA, experienced firsthand the pains companies go through to get cash in the door while he served in various accounting leadership positions at companies including a publicly traded software company, a startup which was successfully sold to Microsoft Corporation and a large international public accounting firm.
Cash is the lifeblood of all organizations, yet it is still being collected like it was 20, 30 or 40 years ago. We aim to change that as more companies join the TermSync revolution.
We're not a collections company, online bill paying service or accounts payable system.
We never mandate that you change the way you, or your customers, do business. We work with clients to find out what you are currently doing and the best way to incorporate TermSync into that process without a massive overhaul. This on-boarding process allows our clients to be up and running in a matter of days. TermSync can be used with all of your customers or only a few.
If you share our thoughts on any of the above or feel your company can do a better job of managing cash flow, please contact us.
"TermSync has been a key addition to our process. It provides us with confidence that we will get paid in a timely manner. Our clients appreciate the non-disruptive effect on their accounts payable process."
Glenn Johnston, CFO,
Palmer Johnson Power Systems