C.O.D. Friendly Introduces New Service to Reduce C.O.D. Risks for Manufacturers, Extend Recipients’ Terms

C.O.D. Friendly, a U.S.-based finance company that develops innovative collect-on-delivery (C.O.D.) and factoring solutions, has introduced C.O.D. GUARANTYSM, an offering designed to protect senders against losses from insufficient C.O.D. payments and to offer receivers terms on their C.O.D. payments.

With C.O.D. GUARANTYSM, a manufacturer or other vendor submits a C.O.D. check to C.O.D. Friendly and receives immediate payment on a non-recourse basis. C.O.D. Friendly then gives the vendor’s customer 30 days or more to sell the purchased products before the check is deposited.

According to Lowell Burk, principal and chief executive officer (CEO) of C.O.D. Friendly, the C.O.D. GUARANTYSM service allows companies to move products off the dock faster, while providing needed 30-day terms for the C.O.D. customer who may have less-than-perfect credit.

“In the current economy, credit cards are at maximums and credit limits have been cut back, which leaves C.O.D. as a primary shipping option for many businesses,” Burk said. “With C.O.D. GUARANTYSM, we take the headaches out of a vendor’s C.O.D. program by assuming the risk of payment.

“It also provides a vendor’s C.O.D. customers with the ability to re-order on a more consistent basis, which can create significant sales opportunities that would normally be missed on both sides of the transaction.”

Under the program, C.O.D. Friendly pre-qualifies a vendor or manufacturer’s customers and establishes a credit line for each business. When vendors receive a C.O.D. check from an order, they then electronically submit the check to C.O.D. Friendly and receive their payment usually on the same day. C.O.D. Friendly then deposits that check 30 to 60 days after it was written.

“With C.O.D. GUARANTYSM, we’ve developed a credit alternative that makes a very real impact on a company’s bottom line,” Burk said. “Any company that ships or receives C.O.D. has a need for C.O.D. GUARANTYSM.”

Founded in 2006 in Carrollton, Texas, C.O.D. Friendly is a provider of innovative factoring solutions for businesses in a wide variety of industries. The company’s C.O.D. GUARANTYSM program ensures payment of C.O.D. orders, while providing product recipients with 30-day terms. Visit www.codfriendly.com.

Keith Hobbs
Michael Burns & Associates, Public Relations
3333 Lee Parkway, Suite 450
Dallas, TX 75219
214-521-8596 Phone
214-521-8599 Fax

This release was published on openPR.