Who else wants to boost cash flow on demand?
Use our platform to incentivize early client payments and build loyalty
What is Reinfund?
We are an all-in-one platform empowering vendors to effortlessly offer clients rebates in exchange for early payments.
Who is it for?
Our solution helps managers, finance and sales teams speed up client payments. B2B firms and suppliers love us.
Enjoy a high-impact, flexible
cash management strategy
Instant cash flow
Offer clients early-payment rebates through one-click onboarding. Boost your cash flow by requesting short payment terms.
Make your client incentive strategy fit your cash needs. Ideal when you need to meet seasonal demand.
Better cash previsions
Gain visibility on your clients’ payment schedules. Get up-to-date, accurate cash forecast.
“When meeting seasonal demand, we used to draw on lines of credit. Using Reinfund has made it very easy to accelerate client payments when we need extra cash. We are less reliant on credit”
Jason W. – CFO of an Ontario-based consulting firm
How does it work?
Reach out to clients in less than 90 seconds
- Log in to your portal
- Import invoices and client info
- Select rebate conditions and preferences
- Send offers to clients
- Automate the entire process
Track performance and optimize strategy in real time
- Follow performance in real time on your dashboard
- Finetune your Accounts Receivable strategy, with the insights module
Track performance on demand and optimize strategy
- Follow performance in real time on your dashboard
- Fintune your Accounts Receivable strategy based on KPIs
Enjoy the power of Reinfund network
We set up dedicated workflows with hundreds of North American and international buyers, to get your offers approved faster.
What’s in there for me?
A one-stop marketplace committed to your financial success
Make offers and collect decisions in one place
Receive and store the documents required for the remittance process
Tracking your performance in real time helps you improve your receivable strategy
2-way integration with your existing ERP is required to automate the entire process
A powerful platform that pays for itself
- Workflow management
- Integration with ERP
*Our unique fee represents 0.09% of invoiced amount ($0.99 minimum). You only pay when your rebates get approved by your customers.
Your Questions Answered
What type of rebates can I propose?
With Reinfund, you can offer 3 types of early-payment rebates (instant rebates, credits on next invoices and cashback payments).
Instant rebates: when your clients “accept” an instant rebate offer on our platform, they receive an updated invoice with a new amount and payment term. They must pay it by the new due date. If they pay after that term, the rebate is cancelled and they owe that rebate amount.
Credits: When clients accept the rebate, they earn a credit that is to be applied on their next invoice.
Cashback payments: You refund your clients (via an ACH / EFT on their bank accounts), a couple of days after they settled their invoice (only if their payment is received before the new payment term).
How fast do I receive payments?
In average, when an early-payment offer is accepted, payments are sent by our clients’ customers within 2 business days.
Is the remittance process affected by early-payments?
Reinfund provides both a proprietary technology and support services to get your early-payment offers accepted by your customers.
When your customers do not already have a “buyer’s account”, we contact them via email or phone (depending on their preferences), to submit your offers.
Also, when your customers are not in our database yet, we offer them to create a free “buyer’s account” to accept future early-payment discounts more faster.
Why should I use Reinfund over invoice factoring?
When offering early-payment rebates, you do not have the inconvenience of selling invoices to third parties.
The main drawbacks of factoring invoices are:
- the loss of the customer relationship: the factoring company will collect the funds directly
- various and hefty fees: including due diligence fees (credit checks, invoices checks, etc.), lockbox account set up fees, money transfer fees, and many other types of fees.
Also, offering clients early-payment discounts ultimately makes your selling prices more competitive. Then, it has an overall positive impact on the customer relationship.
Are payments affected by early-payment offers?
When your offers are accepted, your customers pay you directly, using your existing remittance process. Just faster.
Optional: When you choose a “Performance” subscription plan, you have the option to redirect client payments on a Trust account, managed by Reinfund. Upon reception of your client payments, Reinfund retransfers the funds to your bank account (via EFT), on the same business day. This process allows us to reconcile payments for you.
This option also allows us to manage “cashback” discounts. Cashback discounts mean that your customers have to pay the initial invoice amount. Only if payments are received before an agreed limit date, cashback discounts are refunded to your customers’ bank accounts.
Which invoices are eligible?
When an offer is submitted on our platform, invoices must be unpaid. Also, products and services should be already delivered to clients.
Your bank reference has to match the ones provided in your usual remittance process.
Early-payment offers should relate to new invoices or invoices that have either been already submitted to your customers (and still unpaid).
To improve your cash flow performance, it is recommended to submitt invoices as soon as they are issued.
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