TMCnet News

Funding Gates Unveils New Online Software for Small Businesses to Easily Manage Their Receivables
[May 21, 2013]

Funding Gates Unveils New Online Software for Small Businesses to Easily Manage Their Receivables


NEW YORK --(Business Wire)--

Funding Gates, an accounts receivable (AR) software company for small businesses, today announced its easy-to-use online AR management software, FG Receivables Manager. This software gives business owners transparent control of their customer accounts throughout all stages of a credit sale and allows them to take appropriate actions in order to get paid faster. The real-time software also drastically reduces the exhaustive amount of time spent gathering and sorting critical information on outstanding accounts - from weeks to minutes.

Maintaining positive cash flow is vital to the success of small businesses, and managing accounts receivable correctly helps unlock the cash flow needed to grow. Typically, however, existing AR systems are archaic, expensive, or only accessible to Fortune 500 companies.

According to a 2006 Visa International small business survey, more than 50 percent of small businesses find collecting payments to be one of the most challenging and frustrating aspects of running their business. Additionally, according to a recent survey, nearly 17 percent of small businesses are seeking loans to free capital tied up in receivables*.

"In the U.S. nearly 20 percent of all accounts receivable is past due, and small businesses - especially those with razor-thin margins - are the first to feel the burden on their cash flow," said JM Freuler, co-founder of Funding Gates. "The FG Receivables Manager allows business owners to take control of their AR process and focus on their core business."

FG Receivables Manager offers:

  • End-to-End Solution: The Receivables Manager software provides users the necessary tools to automatically track, organize and prioritize current and outstanding accounts. The software allows sers to directly follow up with their customers during any stage of the relationship, ensuring that they get paid faster.
  • Ease of Use: The Funding Gates software takes one of the most challenging and time-consuming aspects of running a business and turns it into a simple, user-controlled process. Through its seamless integration with Intuit (News - Alert) QuickBooks Pro, Premier and Online, the software prioritizes accounts and gives users real-time recommendations on what actions they should take, whether they're the business owner, a credit manager or a family member helping a small business.
  • Transparent Pricing: Funding Gates offers its customers a clearly defined pricing structure based on three pricing tiers with no hidden fees or a-la-carte charges. Every new user is offered a full-featured, 30-day free trial. Following the trial period, customers can choose one of three plans that meet their needs: Basic, Professional or Premium.

"Our software currently manages more than one million invoices, and the feedback we're receiving is incredibly positive," noted Ismail Colak, co-founder of Funding Gates. "We are giving companies a solution that has been conventionally missing from their small business toolbox. In a short period of time, our users have made fantastic progress on their receivables management capabilities - some have even been able to recover hundreds of thousands of dollars on outstanding past due invoices in just a few weeks."

The FG Receivables Manager is currently available on the Intuit App Center, the premier location for small businesses looking for apps that help them save time and money. Funding Gates' software automatically syncs with QuickBooks to allow for a quick and seamless way to begin taking appropriate actions on outstanding accounts.


"Our goal is to help small businesses succeed by offering innovative apps that help them do more with QuickBooks," said Alex Chriss, director of the Intuit Partner Platform. "The FG Receivables Manager, available on the Intuit App Center, gives our more than 4.8 million QuickBooks customers a great way to track, manage and collect on all of their accounts from one platform and has been very well received by our customers during initial use."

About Funding Gates

Funding Gates, a New York-based company, provides an easy-to-use, online accounts receivable management software to small businesses, giving them transparent control of their customer accounts throughout all stages of a credit sale. Businesses can now effectively and easily monitor their entire customer portfolio and take necessary actions in order to drastically reduce the time to collect on past due invoices. For more information, please visit www.FundingGates.com.

*Sageworks economic climate survey (March 8-March 31, 2013)


[ Back To TMCnet.com's Homepage ]