Invoice Verification

 

“Old School” factoring companies use an ancient technology called the "telephone" to verify invoices by making incessant phone calls to their clients' customers' accounts payable departments.

 

Photon Funding LLC (PF), however, has modernized and substantially automated the verification process. Our website is known as an Extranet*. Its SSL Certificate secures all data to and from the server by encrypting it. Our exclusive proprietary software includes automated "scripts" which dramatically speed up the process of processing invoice factoring transactions.

 

Preparation.
Therefore, we need information about your customers' participants. We refer to them as Invoice Approver and Accounts Payable persons. You can also select Timesheets Approver if you use our free electronic timesheets. You will be prompted to enter their correctly spelled names, email addresses, and phone numbers when you use our software to create invoices or upload your Quickbooks invoice data. So, please obtain this information in advance in order not to delay the invoice creation and approval process (discussed below).

 

Initial Email.
Our server will send the Invoice Approvers an automated initial email from our server (admin@photonfunding.com) explaining our role and the way in which they will participate. The email will also provide a login link to our website where they will confirm their authority and create their own login credentials.

 

Invoice Approval.
After you have completed the invoice creation process, an automated email will be sent immediately to the Invoice Approver advising him or her that invoices are ready for approval. He or she will log into our Extranet and approve your invoices on the customer's Invoice Approval Page, which contains all information necessary for immediate approval including links to the actual invoice (pdf) we will mail to the customer for payment, and your backup docs supporting the invoices.

 

*  A secure e-commerce website with a SSL Certificate where you, your customers and our team collaborate in electronic invoice factoring transactions.

 

Invoice Verification

 

“Old School” factoring companies use an ancient technology called the "telephone" to verify invoices by making incessant phone calls to their clients' customers' accounts payable departments.

 

Photon Funding LLC (PF), however, has modernized and substantially automated the verification process. Our website is known as an Extranet*. Its SSL Certificate secures all data to and from the server by encrypting it. Our exclusive proprietary software includes automated "scripts" which dramatically speed up the process of processing invoice factoring transactions.

 

Preparation.
Therefore, we need information about your customers' participants. We refer to them as Invoice Approver and Accounts Payable persons. You can also select Timesheets Approver if you use our free electronic timesheets. You will be prompted to enter their correctly spelled names, email addresses, and phone numbers when you use our software to create invoices or upload your Quickbooks invoice data. So, please obtain this information in advance in order not to delay the invoice creation and approval process (discussed below).

 

Initial Email.
Our server will send the Invoice Approvers an automated initial email from our server (admin@photonfunding.com) explaining our role and the way in which they will participate. The email will also provide a login link to our website where they will confirm their authority and create their own login credentials.

 

Invoice Approval.
After you have completed the invoice creation process, an automated email will be sent immediately to the Invoice Approver advising him or her that invoices are ready for approval. He or she will log into our Extranet and approve your invoices on the customer's Invoice Approval Page, which contains all information necessary for immediate approval including links to the actual invoice (pdf) we will mail to the customer for payment, and your backup docs supporting the invoices.

 

*  A secure e-commerce website with a SSL Certificate where you, your customers and our team collaborate in electronic invoice factoring transactions.