Manufacturing Companies Turn to FTRANS to Increase Cash Flow and Manage Trade Credit

ATLANTA, Oct. — FTRANS Corp., a leading provider of accounts receivable and credit management solutions, announced the addition of several manufacturing companies to its platform that enables U.S. manufacturers to easily access capital as bank loans and credit remain hard to secure.

Commercial Plastic Composites (Newnan, GA), Power Brake LLC (St. Petersburg, FL) and Clean Air America (Rome, GA) are just a few of the many manufacturing companies that have turned to FTRANS as an alternate source of funding as the U.S. manufacturing industry attempts to evolve from its 18 month decline. FTRANS is able to support the growth of manufacturing companies by increasing cash flow through more efficient accounts receivable and cash management processes.

"At FTRANS, our intention is to help small and medium-sized businesses manage their accounts receivable and access capital so they can grow," said Dan Drechsel, CEO of FTRANS. "Our goal is to be a resource for manufacturing companies as they bounce back from the recession so they can sustain growth over the coming quarters."

With FTRANS, manufacturing companies use accounts receivable as collateral for lines of credit from local banks. Increasing cash flow is especially important for manufacturing companies because of the nature of the manufacturing process. Companies make large investments upfront for raw materials and do not see the return on those investments for several weeks or months. And, because the payment process for the supply chain is longer than other B2B industries, manufacturers typically wait an average of 55 days for payment on invoices from customers. FTRANS’ manufacturing customers receive payment in 3-4 business days.

"FTRANS helps me to continue growing my business and so I’m not held up or limited by a long payment cycle or slow paying customers," said Van Pell, CEO of Commercial Plastic Composites. "Because I’m able to access capital faster than I normally would, I can expand my business and continue growth on a more rapid pace."

FTRANS also simplifies the tasks involved with customer credit administration and reduces the risk involved with trade credit. Recently, FTRANS introduced a credit scoring model to its customers that helps identify the credit worthiness of a company’s customers and acts as an alternative to trade credit insurance. Through the credit scoring model and FTRANS’ credit verification process, companies are able to mitigate the risk of lending trade credit to financially unstable or potentially bankrupt customers.

"Not only does FTRANS help me increase cash flow, it helps protect that capital from risky customers," said Bertil Brahm, Senior Vice President of Clean Air America. "With FTRANS’ credit scoring model, I’m able to make informed decisions on which customers are likely to pay upfront, pay late or not pay at all, which is priceless information in today’s economic environment."

For more information on FRANS, visit www.ftrans.net

About FTRANS
FTRANS Corp., located in Atlanta, GA, provides innovative technology solutions for businesses and financial institutions. We provide a complete accounts receivable and credit management solution that enables businesses to operate more efficiently and with greater access to capital. From payment matching and account reconciliation to credit approvals, access to capital, and collections – FTRANS has the tools businesses need to achieve superior business results. We provide financial institutions with a program that enables them to lend to small and medium sized businesses with accounts receivable as professionally managed and transparent collateral for banks.