This article guides users on setting up Avionté SmartFund within AviontéBOLD. It covers the initial integration setup, from enabling the integration in the Avionté Marketplace and Back Office to sending invoices for funding.
For more information about creating an invoice, posting a billing batch, and using Avionté SmartFund™, please see the following articles:
Key Takeaways
Avionté SmartFund, powered by Kanmon, is a fully integrated lending solution designed to give staffing agencies complete control over their financing needs. Unlike traditional lenders, Avionté SmartFund offers complete flexibility, allowing you to choose the specific invoices you want to finance—and the amount—unlocking cash flow only when necessary. Whether managing clients with extended payment terms or scaling to meet larger opportunities, SmartFund keeps your business moving forward with confidence and ease.
Key Benefits:
- Embedded directly into the Avionté back-office system for seamless, hassle-free operation.
- Gain full control over your working capital by choosing which invoices to fund and how much.
- Customize financing by setting your preferred repayment terms through Kanmon's platform.
- Plan with confidence with real-time visibility into funded invoices and repayment schedules.
Avionté SmartFund provides a loan ahead of time based on invoice amounts to customers, greatly simplifying overhead and due diligence compared to traditional op-ex financing solutions. For additional FAQ's, please click here.
Eligibility Requirements:
- Available to:
- Classic-only environments
- BOLD with Classic integrated clients
- BOLD with Back Office invoices
- Back Office only customers that are hosted (not self-hosted)
- Not available to:
- Bold Front Office only clients (who don't use Avionté software for Payroll and Billing)
- Canadian clients
- Businesses operating for less than 1 year
Credit Determination:
- Credit limit is determined through a soft credit pull on the business owner
- This process does not affect the owner's credit score
Pricing Structure:
- No fees to have the SmartFund feature activated
- Fees apply only when the line of credit is used
CHAPTERS:
Application Process
Users who have access to our back-office platform can easily apply for Avionté SmartFund by clicking on the 'Invite to SmartFund' button in the AviontéBold Marketplace.
Search for 'SmartFund' tile in the search bar. On the tile, click on the 'Details' button.
It should open up a modal that gives you a brief overview of the integration.
Once you read about the feature, you can apply, or invite the owner to apply, by clicking the 'Invite to SmartFund' button.
A confirmation pop up should appear after you submit a name and email address.
You can also invite more than one user to apply by clicking the 'Send Another Invite' button and providing the same information as above. When you are done, click on Dismiss.
Note: You must be a marketplace admin to use this feature.
Alternatively, you can also follow the same process from Avionté Back Office.
If you're a super user, on your Start page you'll see an 'Invite to SmartFund' button. Clicking it will open a form where you can enter the owner's name and email address. You can also click the '?' icon to visit the Avionté SmartFund webpage and learn more about the integration. If needed, you can use the invite button to send invitations to multiple owners.
Once you provide the required information, you can click submit.
Once you submit, the individual at the email address provided will receive a message with a link to Apply. Note: To apply, you'll need to be the Business Owner or the one responsible for making funding decisions for your agency.
When clicking on the Apply link in the email message, you'll be redirected to the Avionté SmartFund webpage where you can learn more about SmartFund and get the answers you need.
After you complete your application process, you'll be notified by Kanmon once your business is approved.
Business and User Sync
Business Sync
Once approved, you'll need to sync Business and Users in both systems. To do this:
Navigate to Admin Tools > System > SmartFund
Under the 'Business' tab, click on 'Add New.' Kanmon will provide you with a Business ID via Zendesk. Copy and paste the business ID under the 'SmartFund Business ID Lookup' field and click on 'Lookup'.
The system will fetch the business details from Kanmon and populate the information as shown below. Verify that the details are correct, then click 'OK' on the pop up and 'Save' to confirm.
Once you click Save, the Platform Business ID will auto populate. Click on the 'Sync Platform Business ID' button.
This step is important to keep both systems in sync at all times and to ensure the invoices are sent and processed for the right business.
Once the IDs are synced, click the 'Active' checkbox and then save the information.
You can also find the steps to sync your business if you hover over the '?' icon next to the 'Add New' button.
Once you have synced the Business, click on the Business Supplier tab. Here you will be mapping the Kanmon Business with the corresponding Avionté Supplier.
Note: The Business is created in Kanmon per FEIN. If your agency has multiple FEINs, then you will need to create multiple businesses in Kanmon during the initial Application process.
Under the Business Supplier tab, click on the 'Business' dropdown and map it to the correct Avionté Supplier by choosing the values available in the dropdown. Click on 'Active' and then 'Save'
Note: You will be able to map multiple suppliers to one Business if all of these suppliers use the same FEIN.
If you choose a supplier that has a different FEIN and try to save, you will see an error message that lets you know that the FEINs don't match. You'll not be able to save the changes if there is an active error.
User Sync
Once the Business is mapped, move to the 'Business User' tab.
You'll be provided with a User ID by Kanmon via Zendesk. Copy and paste the User ID under the 'SmartFund User ID Lookup' field and click on 'Lookup'
The system will fetch User details from Kanmon and populate the information as shown above. Verify that the information looks good and then click 'OK' on the pop up.
Once you click OK, the SmartFund User ID will auto populate and sync automatically with the Kanmon User ID.
Again, once the IDs are synced, click the 'Active' checkbox and then save the information.
If a user is not active, they will not be able to use the SmartFund options in Back Office.
Comments
0 commentsArticle is closed for comments.