If your company utilizes Direct Billing, large volumes of invoices and payments are typical. If payments are direct, you currently incur an administrative cost as well as a delay in getting receipts deposited in the bank. Thermo Credit offers telecommunications financing solutions giving relief from the costs and administrative tangle associated with Direct Billing collections. We take a substantial portion of the burden and costs of processing payments off of your accounting department. Because of Thermo Credit's strong relationships and the high volume of telecom funding transactions we bring to the banks we use, we have negotiated very affordable rates for lockbox services. Thermo Credit works with your company to have all payments on invoices sent to a bank lockbox. Once this is accomplished, Thermo Credit purchases your receivables on a basis consistent with the way you have historically sent bills: weekly, bi-weekly, or monthly. A settlement statement is generated weekly that takes into account all payments on your accounts and pays any overages back to you.