LONDON, April 18, 2012 /PRNewswire/ --
The Industry's First e-Invoicing Solution to Link Into a Business's Merchant Account
CashFlows, part of the innovative Voice Commerce financial services group, today announces the launch of their unique new e-invoicing tool which is the only e-invoicing service that can be linked to a business' merchant bank account. Businesses using e-invoicing can improve their business cash flow by up to 70 per cent.
The CashFlows e-invoicing solution, which comes fully integrated into the CashFlows Account, is designed to save businesses time and money. It allows businesses to send out invoices electronically and provides customers with the ability to settle invoices by paying over the phone, online using their credit or debit card, or by VoicePay, CashFlows' biometric m-commerce payment solution.
CashFlows is the first financial services company to link an electronic invoicing system to a business merchant account, making this a unique service.
By allowing businesses to manage the whole invoicing process from just one fully integrated system, this is the most efficient e-invoicing solution in the market place. Automating the invoicing process also reduces the chance of errors and dramatically decreases invoice settlement time, significantly improving business cash flow.
Commenting on the launch of the CashFlows e-invoicing solution, Nick Ogden, CEO of CashFlows said: "We are incredibly pleased to be providing businesses with this fully integrated e-invoicing solution which is proving to be another valuable tool in improving a business' cash flow. As the first financial services company to bring such a product to market, CashFlows is providing a unique service, further illustrating that CashFlows is atrue alternative to the high street banks. The top banking providers are still not offering innovative solutions to UK businesses and thisneeds to be addressed.
CashFlows® delivers a range of business to business financial services that are provided from a single account, designed to help businesses manage and maximise their cash flow. The CashFlows® account enables businesses to offer their customers a full range of payment channels including, online, mobile and mail & telephone orders. The CashFlows® account is fully integrated into the VoicePay® mobile wallet service which delivers guaranteed transactions.
CashFlows® is a principal member of VISA and MasterCard and supplies payment card issuing and acquiring services.
CashFlows® is operated Voice Commerce Limited, and is regulated by the Financial Services Authority. Based in Cambridge, England, it provides payment processing services to a wide range of business
The CashFlows Account, launched in February 2012, gives businesses a single account into which payments are received and accessed directly - removing the need for separate merchant and business bank accounts. Payments in and out of the CashFlows Account give businesses full access, control and use of their money, all of the time. CashFlows also offer a specialist e-invoicing service.
The new account offers a fully integrated payment management service, saving businesses the time and expense of setting up multiple services with different banks. These currently include:
- Use of a full range of payment channels including online, mobile, mail and telephone orders, voice pay and e-invoicing.
- A CashFlows Business Card which allows businesses to pay suppliers, purchase goods direct from their account and issue them to staff for payroll use.
- A range of other services to support businesses including foreign exchange and an online management system enabling you real time understanding of your cash flow.