New Odoo Finance Solution Connects Customers to Fast Working Capital

FOR IMMEDIATE RELEASE

New Odoo Finance Solution Connects Customers to Fast Working Capital

Associated Receivables Funding, an invoice factoring company, has launched an Odoo integration that gives Odoo’s U.S. customers on-platform access to working capital.

Greenville, SC – September 19, 2024 – AR Funding, an invoice factoring company with nearly 30 years of experience helping small and midsized U.S. businesses accelerate cash flow, announces the launch of “Unlock Instant Working Capital.” This new integration embeds access to working capital from within the Odoo business management platform, enabling Odoo’s 12 million users to directly access working capital.

Unlock Instant Working Capital is designed to help businesses access the cash tied up in their unpaid invoices, providing immediate liquidity and enhancing their financial flexibility. The solution allows businesses to streamline their finance operations, manage cash flow more predictably, and meet financial obligations, even when faced with slow invoice payments or lengthy payment terms.

“AR Funding has been a trusted partner for businesses seeking reliable access to working capital since 1997,” said Brian K. Holden, Chairman and CEO of AR Funding. “The Odoo integration marks an exciting new phase in our operations, enabling us to bring the convenience and efficiency of invoice factoring to nearly 3,000 Odoo customers located in the United States.” 

On-platform factoring

Invoice factoring—also known as accounts receivable financing—is a type of business financing that allows a business to accelerate cash flow by selling their invoices to a factor. The factor advances the cash as soon as the business issues an invoice, so companies don’t have to wait 30 days or longer to receive the funds. This financing method is widely used by B2B businesses of all sizes, from small enterprises to global corporations, particularly in industries such as manufacturing, transportation, and wholesale where delayed payments can hinder growth.

Benefits for Odoo users

The Unlock Instant Working Capital integration delivers a clear advantage to Odoo users. By leveraging on-platform invoice factoring, business customers can:

• Streamline their finance operations by obtaining working capital directly within the Odoo platform.
• Accelerate and establish more predictable cash flow to smooth daily operations and support growth.
• Meet their financial obligations even during periods of slow invoice payment or lengthy payment terms.

“Many businesses struggle with cash flow due to delayed invoice payments,” said Adam Dost, Head of Marketing and Growth at AR Funding, who spearheaded the integration project. “This innovative, intuitive solution provides seamless access to working capital for Odoo customers, enabling them to make crucial investments in their future while minimizing financial strain.”

Unlock Instant Working Capital represents the first financial technology released by AR Funding. Embedded finance solutions are projected to reach $7.2 trillion within the next five years, with B2B solutions representing a significant portion of the market.

The development and deployment of this solution were made possible through a partnership with Bizylife, an Odoo partner that provides relationship-driven Odoo implementation services to small companies. Since 2019, Bizylife has built and maintained integrations that deliver a flawless user experience and minimal disruption within the Odoo environment.

For more information about the new Odoo integration, contact Adam Dost, Head of Marketing and Growth, at adost@arfunding.com.

About AR Funding

Since 1996, AR Funding has set the standard for professionalism, fairness, and dependability in accounts receivable funding and invoice factoring. With over 100 years of combined experience within its Greenville, South Carolina headquarters, the company provides unparalleled service and insight for clients across the U.S. Learn more at arfunding.com.

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