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Assignment of Proceeds
Benefits
  • No impact to your existing NewWave credit line
  • Interest free financing for 60 days
  • Allows you to book large scale opportunities while reducing cash flow concerns
  • Great for those customers who purchase from you on a consistent basis. One blanket agreement per customer for an unlimited number of orders
How it works
  • Contact NewWave Credit Department, 800-536-5222 or credit@newwavetech.com
  • Work with NewWave Credit Department to have your customer pre-qualified. This may be as simple as running a Dun & Bradstreet report or it may require a completed credit application.
  • Once your customer is pre-qualified, you will receive a Assignment of Proceeds for you and your customer to sign. This document is an acknowledgement that the remittance will be made payable to and sent to NewWave
  • Submit a signed copy of the agreement to NewWave
  • After NewWave receives payment from your customer, we distribute your portion of the proceeds to you via credit to your account

Frequently asked questions

What fees will I pay?
  • NewWave provides interest free financing for 60 days
  • If your customer makes payment beyond 60 days there is an interest charge of 1% per month.
What are the qualifications
  • Your end user must be credit worthy
  • Typically utilized with a minimum order of $20,000
When do I receive funds?
  • NewWave will distribute your portion of the proceeds once your customer’s check clears the bank. This typically takes 7 days

How do I present this program to my customer?

Occasionally, my company utilizes our distribution partner, NewWave for logistics management and warehousing support. To make sure things run smoothly, please make payments directly to NewWave Technologies, Inc.
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  • Programs
    A host of programs developed specifically for our customers to improve their bottom line. Warranty Advantage Comprehensive product maintenance support programs and services. We give you online tools to help manage your service contracts and recurring revenue stream. E-Commerce Advantage Providing the information you need when and how you want it, here at our VAR Portal, on your web site, or directly connected to your back-end. New Web Feature:
    Deal Registration Tracking
    Ongoing visibility to all deals registered through NewWave, to easily track and manage opportunities through an interactive Dashboard.