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Home > Products & Services : Open Account Trade Credit

• Open Account Trade
Credit

Let us manage your in-house open account business

This program provides liquidity, optimizes credit functions and processes and lets you reallocate resources to strategic initiatives.

If your company or its account holders have any of the following needs, an Open Account Trade Credit program is ideal:

  • Pay by invoice
  • Receive statements and pay in full monthly (Prox, or Country-club)
  • Use Purchase Orders to track their purchases
  • Have multiple authorized purchasers
  • Have multiple buying locations

GE Business Credit Services’ state-of-the-art systems and Six Sigma quality processes ensure unparalleled service for you and your customers. Our operations are scalable and can support the growth of your business.

Every program is customized to each client’s specific needs. Programs are structured on a fully private label basis, with dedicated customer service teams and complete e-commerce capabilities. Our solutions are seamless and are transparent to our customers and to their account holders.

The open account program can be offered in combination with a Revolving Charge program or used as a stand alone alternative to your in-house open accounts. Our market focus is on those entities with annual revenue in excess of $100 million annually.

> Ready to get started? Contact us.

Typical Program Terms
  • Monthly Statement- Prox terms with invoice level detail
  • Net or Discrete Invoice Billing
  • Discounted and Extended Term capabilities
  • Ability to assess Service Fees
 
Features & Functionality
  • Customer defined purchase reference (purchase order or job number).
  • Tracking of purchases by authorized buyers.
  • Three tier account linkages for billing and reporting.
  • SKU level detail on invoices if captured at the point of sale.
  • Next day funding for all Approved Orders.
 

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