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Last updated on April 20, 2014 at 7:31 EDT

Liquid Capital Launches Supply Chain Payment Program

November 13, 2013

Factoring Franchise Offers Program to Streamline Supply Chain Management

TORONTO, Nov. 13, 2013 /PRNewswire/ — Liquid Capital Corp., a Canada-based franchisor specializing in alternative financing, launched Supply Chain Payment Program (SCPay) this month. SCPay helps companies streamline supply chain account management and payment into one standardized step. SCPay takes care of supply chain invoice management and payment while allowing users to retain full control over supplier accounts through an automated, reliable and fully compliant cloud based system. Benefits of this program include improvement of supplier loyalty, retention and viability. Decreased workload in supply chain management and payment as well increase in working capital are major advantages to the program.

SCPay provides a way to standardize accounts payable terms and reduce internal administrative and accounting costs while providing early payment on approved supplier invoices. Existing credit lines stay in place and various bank partnering options are available while there is no disturbance to existing bank security. SCPay also provides detailed reports and analytics, available 24 hours a day on a cloud based system, which meets stringent Sarbanes-Oxley 404 audit trail, workflow and control requirements.

Founded in 1999, Liquid Capital (which franchises under the names Liquid Capital of America Corp. and Liquid Capital of Canada Corp.) is an international network of franchise owners or “principals” who help businesses grow and succeed through factoring, a specialized financial service that provides immediate financing secured by credit-worthy accounts receivables. Clients with growth-oriented businesses and established mid-sized companies who often require additional working capital when money is tied up in accounts receivable typically find that obtaining funding from banks means a long and arduous process. Not only is Liquid Capital’s unique underwriting process convenient and easy, it also offers an opportunity to take advantage of an extensive package of financial management services that allows clients to focus on operating their business without the need for a credit and collections staff. This allows business owners to outsource their time-consuming administrative tasks to focus on what really matters – building their revenues.

Liquid Capital currently has a network of over 60 franchise owners or “principals” in North America and Mexico and is launching an aggressive expansion campaign targeting markets across North America for growth. For more information visit www.liquidcapitalcorp.com or www.lcfranchise.com.

SOURCE Liquid Capital Corp.


Source: PR Newswire