TermSync provides an accounts receivable automation platform that monitors receivables, sends payment reminders and can automatically draw funds via ACH when payments are past an agreed date. Customers retain control and can delay or dispute a payment by entering a reason. The company is led by founder and CEO Mark Wilson. TermSync manages over 2,000 payment term relationships and reports over 99% of payments are made on or before the due date. Recent client acquisitions include Palmer Johnson Power Systems, DiscountOfficeItems.com and Oakbrook Corporation. TermSync completed a $630K funding and intends to use the proceeds to invest in additional sales, marketing and engineering resources.

Total raised

$1M

Funding rounds

1

Latest round

Equity

Latest activity

Oct 2011