Case Study:
Topple Diagnostics
Medical services provider, Topple Diagnostics, sought to simplify their multi-party financing. Embedded finance through the NetSuite platform, made possible by a partnership with Raistone, proved simple, scalable, and affordable.
Topple Diagnostics capitalizes on NetSuite embedded finance solution, powered by Raistone
Topple Diagnostics, an innovative diagnostics services company providing vestibular testing to private medical practices, faced a big challenge in early 2024. Topple had been using invoice factoring to help boost their working capital, but the factoring arrangements they had weren’t fulfilling their needs.
As a small-to-medium-sized business, Topple used QuickBooks as their financial management platform to manage their business. Topple relied on both QuickBooks Capital and a second working capital provider to acquire $50,000 worth of funding. But using these two providers in tandem was needlessly complicated and placed Topple in a bind, leaving them short of their cashflow needs. Topple needed a partner that could not only help them run and manage their business, but that could also help them with Accounts Receivable Finance (ARF) and better serve their funding needs.
Topple found the solution they needed through the strong partnership between NetSuite and Raistone. With Raistone’s embedded finance solution, NetSuite offered Topple an amazing financial management platform that also helped them secure the working capital they needed, and so Topple switched their financial management platform from QuickBooks to NetSuite.
Key benefits of working with Raistone:
Business growth: Topple rapidly enrolled 50+ customers via their existing NetSuite software.
Strong partnerships: Via Raistone’s integration within NetSuite, Topple was able to not only leverage the power of Oracle’s industry-leading platform, but also finance all of their invoices in one convenient place, at the most competitive terms.
Non-debt working capital: Our solution is not debt to Topple. It simply accelerates payment on an asset, which coexists and complements other early pay or lending facilities.
A world-leading fintech: Raistone is owned by a full-service broker dealer, a $30 billion family office, a $900 billion wealth manager, and an international bank.
With funding powered by Raistone, Topple can now finance all their invoices at the most competitive terms, and they can do it all in one place with a convenient, user-friendly platform.
NetSuite’s partnership with Raistone has now allowed them to help companies of all sizes with funding needs of all dimensions — Raistone can help provide working capital anywhere between $50,000 to $500 million, helping NetSuite be a one-stop shop for all their customers. For companies like Topple, that has proven to be simpler, more cost effective, and able to scale with the needs of their fast-growing business.
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