Case Study: Upside Accounting boosts client cash flow with FundThrough invoice funding

Upside Accounting helps 60 clients improve cash flow with FundThrough

Upside Accounting, an end-to-end accounting firm for startups and micro businesses, was introduced to invoice funding as a solution for clients struggling with cash flow. These clients, often in the creative professional space, faced challenges with slow-paying large customers and had been rejected by traditional banks. Their need for reliable working capital was critical to avoiding business closure. Upside Accounting turned to FundThrough and its invoice funding service to provide a viable financial option for these small businesses.

FundThrough implemented its invoice funding solution, which provided Upside Accounting's clients with immediate cash flow by advancing funds on their outstanding invoices. The solution was easier to use than traditional factoring, requiring no in-person meetings and eliminating a cumbersome, paper-based process. As a result, Upside Accounting reports that FundThrough's service makes them "look like a hero" to clients, as it is often the difference between a business closing down or carrying on. The measurable impact is clear in cost savings for clients; funding an invoice is a cheaper alternative to incurring multiple bank fees for bounced checks, such as the $45 fees mentioned for failed payroll or accounting payments.

Upside Accounting