Welcome to The Relay, your connection to Baton. In this blog series, you’ll learn about the simple steps you can take to improve the cash flow and profitability of your small business, and how Baton can help.
We’ve built a breakthrough business-to-business (B2B) invoice payments network that’s designed to turn your accounts receivable into accounts received. We know that small businesses, the lifeblood of our economy, are weighed down by the heavy cash burden created by literally trillions of dollars of accounts receivables (AR) moving through their balance sheets annually. That’s why Baton created a lifeline!
Are you selling to other businesses or government on invoice terms (net 30, 60, 90+ days)?.
If so, you like so many small businesses, likely have cash flow concerns all while spending far too much time and energy chasing invoice payments. Consider this: According to a study conducted by Intuit, regarding the state of small business cash flow, 61% of small businesses regularly struggle with cash flow, and over 31% have to wait more than 30 days for payment. Furthermore, an economic survey conducted by Sage, reports that businesses spend 15 days per year chasing payments.
Does this sound like your business? If so, it’s time for Not Business as Usual; it’s time for Baton!
Introducing a better way: Your Money on Your Terms.
Think about the cash flowing in and out of your business. Your customers have payment terms and typically pay when they want (net 30,60, 90 or net never). Your employees also have payment terms and expect a Friday payday. Then there’s your suppliers who tend to give shorter payment terms then you would want.
Your customers, your employees, and your suppliers – everyone has payment terms but you! Until now…
Introducing Baton, where getting Your Money on Your Terms is the better way to do business.
With Baton, you get –
Rapid Payments. Get invoice payments owed to you in as few as business 3 days after goods and services are delivered. When you accelerate payments, you accelerate business
Reliable Payments. Eliminate your customer late-payment risk and reduce non-payment risk. After all, you’re not a bank.
Debt-Free Payments. Baton is not a loan or a line of credit! When using Baton, accounts receivable go down while cash goes up – all without debt!
And, with Baton, your customers get the “buy now/pay later/no interest” benefits they love as you extend the same (or better) invoice terms to them.
What’s the catch?
There is none. Getting paid by Baton, improving your cash flow and leaving your collection worries behind, is as easy as clicking PAY NOW. Baton pays you 100% on qualified invoices, less a known transaction fee as low as 2.5%. Your customers pay when (early, on-time, or late) and how (check or ACH) they always have and payments are still made in your business name.
Tap into your Selling Power.
When you end the payment waiting game, you unleash an untapped reserve of earned capital that you can put to work right away. We call it Selling Power, and it can fuel your business in a number of vital ways, like…
- Selling with confidence.
- Taking on new customers.
- Taking on larger contracts/orders.
- Expanding your business—make additional hires, increase your inventory, and more.
Selling Power gives you the freedom to explore new opportunities with your own money instead of debt. In short, it fuels your ability to grow.
Make time for what matters most.
Small business owners have a lot of hats to wear. Besides shaping the direction of your company, you may find yourself being a lender, a credit and risk manager, and a collections manager. When Baton takes those hats off your head, you’ll get back to running your business, and enjoying your life, without the needless expenses and hassles associated with managing accounts receivable.
It all sounds great. How do I sign up?
If you’re interested in using Baton or learning more, please contact us at (833)682-4687.
Get to know Baton.
Founded by small business banking and financial services veterans, Baton staffers can claim a cumulative 121 years’ experience in the banking and finance sector. In fact, 100% of our Batonistas have prior work histories with Fortune 500 companies. And given that our home office is located in New Orleans, we can unequivocally state that 0% of our team members don’t like crawfish.