Facebook Introduces Invoice Fast Track Program
Facebook Introduces Invoice Fast Track Program
- Sep 13, 2021
- 223 views
- 0 comments
-
Share
Facebook recently introduced their Invoice Fast Track Program, this initiative was given a $100 million commitment by the tech giant. This program is said to support small businesses and businesses owned by women and minorities. As a part of this program, Facebook will buy all of the outstanding invoices of said businesses which will put the money back into the hands of the owners. Otherwise, they would have to wait months to receive money from unpaid customers. The program is estimated to support 30,000 small business owners.
This step by Facebook is a part of its latest venture to secure long-term relationships with such small-scale businesses. These businesses mostly use apps such as Facebook to connect with their customers and advertise to a niche demographic, therefore making them an important category for Facebook. Small business owners cannot afford to wait for customers to clear their invoices, however, Facebook with its $86 billion revenue can. This is the motivating factor behind the Fast Track Program. Small business owners can submit outstanding invoices with a minimum of $1000 to Facebook, if accepted the tech company will pay the businesses, clearing the invoice, within a matter of days. Then the customers can repay Facebook at the same terms that they agreed with the business, therefore clearing the invoice.
Source: CNBC
- 223 views
- 0 comments
You might also like
Best tech jobs in the United States : BLS data
- Sep 06, 2022
- 513 views
- 0 comments
For several reasons, the IT sector is appealing to job seekers. ...Read more
Salaries for Californian fast food employees might rise to $22 per hour
- Sep 06, 2022
- 481 views
- 0 comments
Despite the opposition of restaurant owners who worried it would raise customers' bills, California Governor Gavin Newsom on Monday signed a nation-leading law providing more than 500,000 fast food employees additional authority and rights. ...Read more
Workers leave as job dissatisfaction grows
- Aug 17, 2022
- 548 views
- 0 comments
Demands for improved pay and workplace environments are coming from workers in California to New York. ...Read more
Microsoft offers graduates from African nations job prospects in the US & Canada
- Aug 17, 2022
- 452 views
- 0 comments
New graduates from institutions in Nigeria and other African nations have been made aware of job prospects by Microsoft. ...Read more
Casper is hiring professional sleepers
- Aug 10, 2022
- 521 views
- 0 comments
A mattress company is searching for a role where napping while working is not only acceptable but also required. 'Casper Sleepers' are being hired by Casper, a New York-based business established in 2014. ...Read more
Category
-
Guides
-
Employment Offers
-
Performance Management
-
Records & Reports
-
Networking
-
Leadership Development
-
Leadership &
-
Electronic Records Management
-
Promotion
-
Investigations
-
Inclusion, Equity &
-
Severance Pay
-
Discrimination
-
Sexual Orientation
-
Compensation & Benefits
-
Overtime Pay
-
Employee Handbooks
-
Employment Law & Compliance
-
Data Security
-
Disability Benefits
-
Religious Accomodations
-
Religion & Spirituality
-
Business Continuity
-
Employee Engagement
-
Retirement & Recognitions
-
Relationship Management
-
Employment Testing
-
Firing
-
Vendors & Software
-
Workplace Harassment
-
Open Enrollment
-
Organization & Employee Development
-
Benefits Reporting & Disclosure
-
Hiring & Firing
-
Communicable Diseases
-
Sexualy Harassment
-
Onboarding
-
Employment Branding
-
Inclusion, Equity & Diversity
-
Hiring
-
Paid Leave
-
Executive Compensation
-
Closing
-
Age
-
Change Management
-
Overtime Eligibility &
-
Affirmative Action
-
Family & Medical Leave
-
Benefits
-
Risk Management
Articles
Student loan debt is a crisis that has been making its way through The United States for quite some ...Read more
If you’re looking forward to shifting from remote to in-office work, here are a few ways to cope wi ...Read more
Most industries have severely suffered in the ongoing pandemic with a few exceptions, like healthca ...Read more
Before the advent of the COVID-19 pandemic, about 7 million people in the US alone were working rem ...Read more