Klear allows you to access capital that's already in your business by tapping into the value of orders and invoices accepted by your customers.
By the time our customers approach us, many of them have been told "no" by their banks, their investors, and everyone else. Our expertise in supply chain financing allows us to finance projects that banks and investors can't provide at the scale you need to grow.
Klear is different.
It's not just that we can often say yes when others say no. Because of the insights from our Capital Intelligence platform, we can help you access the capital you already own so you can focus on growth.
One of Klear's working capital solutions is similar to factoring (selling a receivable to a third party who then collects from the buyer). But factoring has a bad reputation for a number of reasons. Klear is superior in every way.
Klear leaves you in control
Traditional factoring means the factoring company collects, and the corporate buyer has to agree to this. It can take a long time to get approved to be a supplier for a large corporation or government. They often aren't comfortable swapping out who collects on an invoice.
Klear protects your buyer relationships
Nobody wants to work for months or years to land a big contract and then worry the relationship will be damaged by an aggressive third party collector. While Klear retains the right to collect on unpaid invoices, we only do this as a last resort because we know how important those relationships are to you.
Klear moves at the speed of our customers
Factoring is often very slow and cumbersome. Klear moves quickly, giving you clarity on which buyers, purchase orders, and invoices are eligible for funding. Onboarding can take as little as a couple of days.
Klear is affordable
Factoring has a reputation for being outrageously expensive. Klear costs are usually between 1% and 3% of the total receivable, depending on the length of repayment and the risk of the trade.
Klear is flexible
Did your buyer just inform you that payment will be 30 days late? Good luck renegotiating that with your factoring company. Klear wants to be your long term financial partner. We work with our customers to ensure the best outcomes.
Klear scales with you
Factoring just can't provide enough funding to meet the needs of industrial suppliers, either in volume or deal size. Klear is equipped to handle the large deals industrial suppliers need.
As you mature on the Klear platform, you learn to manage your capital and we learn about your business, allowing us to provide financing even earlier in the process. Klear can offer qualified customers the ability to borrow against approved purchase orders to pay for materials costs, preserving capital and supercharging your growth potential.
See Whether You Qualify Klear helps you learn to take advantage of the Cash Conversion Cycle just like a big corporation would: shorten the time it takes to be paid by your customers (called DSO - Days Sales Outstanding), lengthen the time you take to pay vendors (DPO - Days Payable Outstanding) and reduce idle inventory (DIO - Days Inventory Outstanding).
For a business focused on rapid growth, this might sound too much like optimizing around the edges. But suppliers are different than other businesses. When you have dozens of projects, these small changes add up to be massive drivers of growth and profit. Klear helps you master the art of supply chain financing.
