National Flooring Company Has Seamless Roll-Out, Gains Predictable Cash Flow
PORTLAND, Maine and Mechanicsburg, PA - December 10, 2013 - FloorMax Inc., an industry leader in flooring products, has successfully rolled-out BlueTarp Financial's trade credit services to its professional builder and contractor customer base. BlueTarp is managing the entire FloorMax trade credit program including credit extension, customer service, billing and collections. FloorMax is gaining improved cash flow and protection from credit risk while offering new online tools that allow contractors to track expenses by job and send customized invoices to their customers.
"The transition with BlueTarp has been extremely efficient," said Alx Rahman, CFO of FloorMax. "And customer response has been very positive, which is critical as we're growing at a fairly rapid pace. The added cash flow has provided some cost-saving advantages we weren't expecting so we're very happy with our partnership and the flexibility it has provided us."
"Alx is a progressive thinker who is proactively managing growth for the long-term," said Scott Simpson, CEO of BlueTarp Financial. "We're proud to add FloorMax to our growing network of dealers who want to strengthen their business and take advantage of new growth opportunities."