Invoice Clearing is a financial process that allows you to settle invoices with minimal or no cash payments. Here is a simple example:
Let's say you're expecting payment on a bunch of invoices you sent out, and that they add up to $100,000. Let's also say you have a pile of bills you need to pay that add up to the same amount, $100,000. What you can now do is settle all these invoices by netting them out. As the total amounts are equal, there is no need to dip into your cash reserves.
If what you have to pay is more, you just pay the difference.
If what you are to receive is more, you will receive the difference.
Clearitt: Clearing for All
Clearitt is making this vital process accessible to businesses of all sizes. By providing a platform that bypasses slow and costly banking systems, Clearitt enables businesses to settle invoices in real time, improving cash flow and reducing the need for credit.
With Clearitt, businesses can take control of their financial operations, benefiting from a secure and streamlined clearing process that levels the playing field for everyone—not just large institutions.