How does the partnership work?
FloFunder is here to help companies that need a cash flow boost, either as a one off or on a more regular basis, by trading invoices online for a cash flow advance. Integrating with FreeAgent allows the company to select the invoice they wish to submit with just a single click, removing the need for re-keying the details.
Knowledge about a company’s previous trading history and their customers allows businesses to have their risk level (and the cost of the advance) to be set fairly and correctly. FreeAgent provides this information directly to FloFunder meaning there is one less thing for the business to do!
One of the really useful features of FreeAgent, is that it lets you set up recurring invoices that send themselves automatically, and nudges those late-paying clients with automated reminders. All of this means that the cost of the cash flow advance through FloFunder is kept as low as possible.