You’ll receive a total of $1,200 back. This means at the end of the process, you’ve received $9,700 out of the total invoice amount of $10,000 — calculating to an approximate APR of 42.35%.

Automating your invoice process can significantly boost efficiency, reduce costs, and enhance accuracy. Manual workflows are ...

since the customer might never pay the invoice. This would result in a difficult and expensive collections process involving both the bank and the business doing invoice financing with the bank.