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Notification versus Non-Notification
Accounts Receivable Financing |
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Traditional
Notification Financing |
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TCE Capital’s
Non-Notification Solution |
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Funder issues invoices |
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Client continues to issue the invoices |
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Funder contacts end customer
(debtor) to verify invoices |
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Debtor is not contacted by TCE Capital |
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Debtor is put on notice that invoice has been
assigned to funder |
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Debtor is not notified by TCE Capital |
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Debtor receives periodic reminders to pay funder |
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TCE Capital does not contact debtor |
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Funder handles collection activities
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Client continues to handle collection
activities |
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Cheques are payable to funder |
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Cheques are payable to client |
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Cheques are sent to funder |
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Cheques are mailed to client who forwards to TCE
Capital. Electronic payments are re-directed to
an account controlled by TCE. |
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Invoicing and collection
procedures remain unchanged
Your customer continues to deal with you |
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